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Sunday, August 18, 2013

Dentists Need Money Too: Why Dental Fees Increase

If there is one thing about dentistry, or the medical field in general, that makes it financially appealing is the mere fact that people will always need to take care of their teeth. However, the amount a dentist earns depends on the number of patients he or she deals with on a regular basis. Dental plans ensure that dentists always have a set number of people to service every year, but patients nowadays are clamoring for smaller fees and dental insurance companies are starting to reimburse less.

To stay on the game, dentists have no choice but to change their fee schedules. Aside from dealing with the turbulence of dental insurance, dentists are sometimes forced to learn new procedures and/or employ better dental equipment in order to provide their patients with more services. There is also the more mundane aspect of having to deal with “drive-by patients” (those who come only when they need something and never come back) which further strains the dentist's resources.


However, shoddy financial management can also be blamed for when dental fees increase. A dentist may be using outdated fee schedules since he or she didn't regularly consult with the dental insurance company he or she is working with. This often results in poorly-informed decisions like increasing all fees wholesale (something that often alienates patients) instead of fees for specific services only. 

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