More than two-thirds of dentists believe they will increase their practice's revenue over the next two years, according to a new TD Bank survey.
During the 2016 Greater New York Dental Meeting and 2017 Yankee Dental Congress, TD Bank asked 290 dentists and dental practice owners about their expectations and plans for the next year or two. In addition to expecting growth, a majority of respondents were most concerned about overhead costs, including taxes, supplies, and rent, the survey found.
Other findings from the survey include the following:
- Other top concerns for dentists include staffing costs and increasing the number of new patients.
- As the top priority in 2017, 42% of dentists named upgrading equipment or technology.
- Nearly 30% of dentists are considering buying, selling, or merging their practice in the next few years.
