The National Society of Certified Healthcare Business Consultants (NSCHBC) has released the 2013 Joint Statistics Report of Medical and Dental Statistics on Income and Expenses.
Each year, NSCHBC and the Academy of Dental CPAs compile this statistics report on key cost and revenue components of medical/dental practices, utilizing actual data from financial statements and income tax returns of its members. The report includes information on overhead percentages, average monthly charges in accounts receivables, and full-time equivalent staff ratios, according to NSCHBC.
The report features data from more than 2,492 professional practices representing more than 5,252 full-time equivalent doctors. It covers 60 dental and medical specialties including family practice, general dentistry, internal medicine, ob/gyn, and orthodontics.
Key findings included the following:
- During the five-year period (2009-2013), general dentistry and orthodontics have remained relatively even, with only a small increase in practice income.
- Periodontics saw relatively steady growth until 2012 when there was a drop; overall, periodontics is up 22% over the past five years.
For more information, including the list of specialties, a sample report, and pricing, visit the NSCHBC website.
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