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Trending in 2023: What’s New in the Dental Device Industry
Dentistry has come a long way from its humble beginnings over 13,000 years ago. Imagine your dentist using stone tools to repair your front teeth, filling the cavities with bitumen — a tar-like substance with antiseptic properties but still a far cry from the dental...
Reflecting on 2022 — Looking to 2023
It’s hard to believe we’re bidding farewell to 2022 in just a few short days. As I reflect on this past year, I think about the challenges we all faced in navigating a turbulent economy, staffing concerns, and more. Yet dental practices continue thriving and remain...
Dental Services Affected by Country’s High Inflation
Rising inflation has hit every industry, including dental services. Overall prices increased in June 2022 by 9.1% — the largest 12-month increase since 1981, according to the consumer price index. Dental services alone increased by 1.9% — the largest monthly change...
Projected Dental Health Care & Insurance Costs for 2023
The average dental patient pays between $300 and $500 annually if all they need is a checkup and cleaning. But other dental procedures, like deep cleanings, cavity fillings, root canals, crowns, and dental implants cost much more. For example, a root canal and crown...
How to Choose a Location for Your First Dental Office
In the world of real estate, location is everything, right? When it comes to owning a dental practice, your office’s physical location is also critical. Demographics play an important role in the patients you’ll serve — and if you’ve got a target patient population in...
Giving Thanks
Henry David Thoreau wrote, “I am grateful for what I am and have. My thanksgiving is perpetual.” With the holiday season and the end of the year quickly approaching, I find myself reflecting on my journey with MDent Consulting. I started this consultancy to help...
Feeling the Pinch of Inflation
The current annual inflation rate from August 2021 to August 2022 was 8.3% — a slight improvement over the previous 8.5% rate. And unlike other economic influences, inflation acts like a “tax” on consumers and businesses. What’s the connection to the dental industry?...
Insights from This and Other Uncommon Industries Could Prepare Entrepreneurs for a Recession
According to the Journal of the American Dental Association, the Great Recession had a significant effect on the dental industry. Dentists had to streamline businesses to run more efficient operations — or close permanently. Patients paid less out-of-pocket and fewer...
Evaluating and Choosing the Right Insurance to Protect Your Dental Practice
When we think of insurance, what comes to mind? Car, health, homeowners, and life insurance, right? But once you start digging into the different levels and choices of insurance under each of those broader umbrellas, it becomes much more complex and — honestly...
Your Dental Practice Should Negotiate Insurance Fees
In the medical industry, insurance companies don’t take a one-size-fits-all approach. In fact, some dentists receive up to 10% more than others for providing the same service. Why? Because of the reimbursement amount the dentist and insurance company agreed to. And...
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