Prospects look good!

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BiomajorPreDent

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I have seen a few people posting concerns about job prospects after graduation and what not. I was reading this on the BLS website and it echoed everything I have read about from the ADA also. Although this may be old news to many of you, I figured some people here might want to check it out.

"Employment is projected to grow faster than the average. Job prospects should be good, reflecting the need to replace the large number of dentists expected to retire.

Employment change. Employment of dentists is projected to grow by 16 percent through 2018, which is faster than the average for all occupations. The demand for dental services is expected to continue to increase.

The overall U.S. population is growing, and the elderly segment of the population is growing even faster; these phenomena will increase the demand for dental care. Many members of the baby-boom generation will need complicated dental work. In addition, elderly people are more likely to retain their teeth than were their predecessors, so they will require much more care than in the past.

The younger generation will continue to need preventive checkups despite an overall increase in the dental health of the public over the last few decades. Recently, some private insurance providers have increased their dental coverage. If this trend continues, people with new or expanded dental insurance will be more likely to visit a dentist than in the past.

Also, although they are currently a small proportion of dental expenditures, cosmetic dental services, such as providing teeth-whitening treatments, will become increasingly popular. This trend is expected to continue as new technologies allow these procedures to take less time and be much less invasive.

However, employment of dentists is not expected to keep pace with the increased demand for dental services. Productivity increases from new technology, as well as the tendency to assign more tasks to dental hygienists and assistants, will allow dentists to perform more work than they have in the past.

As their practices expand, dentists are likely to hire more hygienists and dental assistants to handle routine services.

Dentists will increasingly provide care and instruction aimed at preventing the loss of teeth, rather than simply providing treatments such as fillings. Improvements in dental technology also will allow dentists to offer more effective and less painful treatment to their patients.

Job prospects. As an increasing number of dentists from the baby-boom generation reach retirement age, many of them will retire or work fewer hours and stop taking on new patients. Furthermore, the number of applicants to, and graduates from, dental schools has increased in recent years.

Job prospects should be good, because younger dentists will be able to take over the work of older dentists who retire or cut back on hours, as well as provide dental services to accommodate the growing demand.

Demand for dental services tends to follow the business cycle, primarily because these services usually are paid for either by the patient or by private insurance companies. As a result, during slow times in the economy, demand for dental services can decrease; consequently, dentists may have difficulty finding employment, or if already in an established practice, they may work fewer hours because of reduced demand."

http://www.bls.gov/oco/ocos072.htm

The comments about the economy is what worries most people I think. I'd like to add myself that those of us entering into school this fall and those currently in school will probably ride the worst of this economy out in school. When we get out, things will most likely be picking up again. :)

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yeah i totally agree. when our years come out we will be in a lot better shape. **** i wont be down with a dentist for another 6 years :(. However, this is the best time to go to school :D
 
The baby boom was 1946 to 1964...average general practitioner retires at 64, and specialist at 58. 2010 will be the first year, on average, that baby boomers start retiring in significant numbers. Based on those stats, there should be plenty of practices opening up over the next 18 years.
 
Awesome info guys, thanks for posting this!
 
At the UPenn interview I remember this being mentioned. They specifically referenced the baby boomers getting older and said that currently, for every 2 dentists that retire, only 1 is being put into the workforce (approximately) so that is certainly good news for all future dentists.
 
Good stuff, BiomajorPreDent. Thanks for this! :thumbup:

I do not want to be a Debbie Downer, because I am very psyched to be entering dental school this Fall, too, and totally optimistic about the future of dentistry --- but last week I came across a blog article written by a practicing endodontist, which offers an alternative perspective. Of course, there is no such thing as an "unbiased source," just different perspectives that are good to be aware of, so we are not shocked upon graduating if it's not a bed of roses from day one! :)

The excerpt is from "The Endo Blog." The blog focuses on endodontics, obviously, but this entry is especially pertinent to general dentistry. The full blog entry can be found here: Strengthening the future of endodontics


"In the May 2009 issue of the Journal of Endodontics (JOE) two very important topics have been addressed that are shedding light on what the future of endodontists may look like.

One of the articles is: Update on Imbalanced Distribution of Endodontists: 1995-2006, by H. Barry Waldman and George A. Bruder. The other is the letter from AAE president Dr. Louis Rossman addressing the issue of "Super generalist."

Before I get into the importance of these two articles, let me point out some very important facts that have changed the economics of dentistry in the USA.

A) In the past 40 years the caries rate has dramatically gone down which has resulted in less number of patients requiring dental treatment due to less number of carious teeth.

B) At the same time, more dentists are practicing longer and opting for delayed retirement.

C) Today's ratio of dentists to population is 58 per 100,000 which is very high compared to golden age of dentistry in 1960-70s, when this ratio was 49 per 100,000.

D) Today there is an oversupply of dentists in the USA. The areas where there is a shortage, namely the rural areas and the inner-cities, have been chronically underserved, and less than 5 % of graduating dental students have shown an interest practicing in these areas, over the years.( Refer to many articles published in the Journal of Dental Education). [Unfortunately ADA has not taken a strong leadership position on this issue, and I do not see any foreseeable action on their part regarding the oversupply of dentists in the USA. The article "Future of Dentistry" published in the JADA Vol.133,Sep 2002 , 1226-1235, calls this oversupply problem, "maldistribution of dentists." The problem here is that no entity can make these dentist move from supersaturated metro areas to rural and inner-city area where there is a shortage thus oversupply of dentist in USA will not go away for years to come.]

E) The student loan debt for an average graduating dental student has tripled in the past 15 years, to $180,000. (2006 statistics)

F) Dental insurance companies are taking advantage of these oversupply trends, by reducing reimbursement rates per procedure, further eroding the profits for dentists.

G) Three new dental schools have opened in the past 3 years, one in California, and two in Arizona, adding to the number of dentist coming into the marketplace.

As a result of the above, there has been a significant and growing economic pressure on the general dentistry market over the past 20 years causing erosion of profits and decrease in "busyness", which will continue for years to come.
"

(from The Endo Blog)
 
I am a lowly pre-dent. There are others who know WAY more about dentistry than I do but what I have bolded in this quote are just things off of the top of my head when I read this blog. It would be great to get some more responses of what people think of this.

Before I get into the importance of these two articles, let me point out some very important facts that have changed the economics of dentistry in the USA.

A) In the past 40 years the caries rate has dramatically gone down which has resulted in less number of patients requiring dental treatment due to less number of carious teeth.
There are more dental treatments than just removing/treating caries, also, from articles that I have read, dental health is still a huge issue in this country especially with the increased amount of people eating consuming refined sugars/bad food.

B) At the same time, more dentists are practicing longer and opting for delayed retirement.Is this true? Even so, the baby boomers can only practice so long and will eventually have to retire creating a huge gap to be filled.

C) Today’s ratio of dentists to population is 58 per 100,000 which is very high compared to golden age of dentistry in 1960-70s, when this ratio was 49 per 100,000.You can't compare dentistry now to what it was fifty years ago! Can you imagine doing that in any field? Once again, the retiring baby boomers will help this.

D) Today there is an oversupply of dentists in the USA. What? Are you kidding? The areas where there is a shortage, namely the rural areas and the inner-cities, have been chronically underserved, and less than 5 % of graduating dental students have shown an interest practicing in these areas, over the years.( Refer to many articles published in the Journal of Dental Education). [Unfortunately ADA has not taken a strong leadership position on this issue, and I do not see any foreseeable action on their part regarding the oversupply of dentists in the USA. The article “Future of Dentistry” published in the JADA Vol.133,Sep 2002 , 1226-1235, calls this oversupply problem, “maldistribution of dentists.” The problem here is that no entity can make these dentist move from supersaturated metro areas to rural and inner-city area where there is a shortage thus oversupply of dentist in USA will not go away for years to come.]baby boomer retirement

E) The student loan debt for an average graduating dental student has tripled in the past 15 years, to $180,000. (2006 statistics)This could be why some dentists are practicing longer hours. I wish my debt would only be $180,000.

F) Dental insurance companies are taking advantage of these oversupply trends, by reducing reimbursement rates per procedure, further eroding the profits for dentists.

G) Three new dental schools have opened in the past 3 years, one in California, and two in Arizona, adding to the number of dentist coming into the marketplace.Two new dental schools in Arizona? Last I checked there was only 1 new school.

As a result of the above, there has been a significant and growing economic pressure on the general dentistry market over the past 20 years causing erosion of profits and decrease in “busyness”, which will continue for years to come.[/SIZE].[/I]"This may not be a bad thing, especially for the patients. Competition breeds better treatment and costs for the patients. Also all the dentists I know (even here in super-saturated Idaho) are as busy as they want to be. Lets face it, if you are good at what you do, you will have patients. Plus with the baby boomers retiring, there may be an increase in "busyness".

(from The Endo Blog)
 
Not to mention the glut of seniors will have lots of dental problems as they get older. My dad is 62 and has to visit the oral surgeon every other year. Many of his cohorts have similar issues with gum recession ect.
 
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