Started By
Message

re: dentists - the resurgence of wealthy

Posted on 7/5/14 at 5:18 pm to
Posted by jack6294
Greater Baton Rouge Area
Member since Jan 2007
4033 posts
Posted on 7/5/14 at 5:18 pm to
It's just those of us not balling and living simpler aren't as high profile.

I'm happy many of my colleagues are knocking it down.
Posted by 911Moto
Member since Sep 2013
5491 posts
Posted on 7/5/14 at 6:46 pm to
quote:

They can balance bill. We cannot, it's illegal. I think they should be held to the same standards as docs


There was time about 20 years that insurance came hard at dentistry with the whole HMO, PPO, and especially "reduced fee" insurance plans. It was going to be "the future" and we were going to be fricked and controlled just like doctors were. If you didn't get on board, you were going to be left out in the cold. But the vast majority of dentists fought it and simply refused to accept those plans. A small number of dentists jumped on all of those plans. Some did well, but had to work their asses off to make good money. Patients realized it was worthless to have dental insurance with no dentists on it (or at least very limited options). So in the end, we work for cash. Or insurance pays 100% on preventive, 80% on routine care, and 50% on major - and the patient pays the rest. We all took a risk by resisting, and it paid off.

tldr - Doctors bend over and grab ankles for the insurance industry, dentists prefer vag.
This post was edited on 7/5/14 at 6:48 pm
Posted by MISISIPICOAST
Member since Aug 2008
638 posts
Posted on 7/5/14 at 6:54 pm to
My wife's clinic will be open for one year this month and they made bank. $108,000,000/gross and got 98% of services paid in full within 30 days of said work. Ridiculous
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 7/5/14 at 7:01 pm to
quote:

My wife's clinic will be open for one year this month and they made bank. $108,000,000/gross and got 98% of services paid in full within 30 days of said work. Ridiculous


wow, I guess I stood in the wrong line at school registration, sounds more than a little far fetched, unless there's huge government subsidies, kickbacks, tax ripoffs, etc.,
Posted by wahoocs
Lafayette, LA
Member since Nov 2004
22367 posts
Posted on 7/5/14 at 7:08 pm to
If Dr. Smack is not just out of school and trying to orientate himself in the medical community, I can almost guarantee you he is not very well respected by his peers, just based on his comments in this thread.

Everything you say is spot on as we know.

I have no less than 20 medical doctors that are patients of mine and they envy our organizations. They have so much academia within their ranks that don't practice in the real world and actually are compensated with tax dollars.

It would be like trying to get college professors to run a business. Lol
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10056 posts
Posted on 7/5/14 at 7:37 pm to
quote:

Now that's funny.

The median Dentist in the USA is pulling down about $145,000, so it's not far off.

Dentists are well compensated for the services they provide. According to the BLS, dentists earned a median salary of $145,240 in 2012. The best-paid earned more than $187,999, while the lowest-paid earned less than $74,130. Dentists who work in private offices are paid particularly well, but so are those who work alongside other health practitioners. Certain cities also compensate well – specifically, the metropolitan areas of Nashua, N.H., Tyler, Texas and Odessa, Texas.
This post was edited on 7/5/14 at 7:50 pm
Posted by CharlesLSU
Member since Jan 2007
31926 posts
Posted on 7/5/14 at 7:40 pm to
How many employees?

I know the number of Drs to hit that so be careful. ...
This post was edited on 7/5/14 at 7:42 pm
Posted by bleeng
The Woodlands
Member since Apr 2013
4077 posts
Posted on 7/5/14 at 7:49 pm to
quote:

They're just pushing cosmetic procedures and deep cleanings like never before.


This.. I feel like I'm buying a fricking car every time I go get my teeth cleaned. They're pushing all this shite to me-hey my teeth are great I don't need a cap/crown so just leave me alone and clean my teeth. And your blouse is not cut low enough cute little 27 year old dental assistant....
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 7/5/14 at 7:55 pm to
quote:

The best-paid earned more than $187,999,

that's less than I thought it would be, but like other professions, I guess it gives you a platform to get into other ventures, and "expand" your financial horizons
Posted by yellowfin
Coastal Bar
Member since May 2006
97694 posts
Posted on 7/5/14 at 7:59 pm to
I wonder if that takes into account self employed dentist?

Hell I could go work offshore or bfe Texas, North Dakota, Pennsylvania etc and make that
Posted by CharlesLSU
Member since Jan 2007
31926 posts
Posted on 7/5/14 at 8:01 pm to
Yea but you wouldn't be working 35 hrs a week and see your kids everyday.....
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10056 posts
Posted on 7/5/14 at 8:08 pm to
It's citing the Bureau of Labor Statistics, so I would assume they are analyzing tax returns.

That said, as a small business owner, we all know these income numbers include expenses that would exist in the event the business did not.

Seventy Five grand in rural Iowa, Nebraska, South Dakota is a considerable sum. You can purchase a well-finished, 2,000 sq ft house for a eighty grand. High on/off the hog, son.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 7/5/14 at 8:09 pm to
quote:

Yea but you wouldn't be working 35 hrs a week and see your kids everyday.....

$188k, will not support an office, staff equipment, insurance, fees, etc., with only 35hrs./wk input from the owner, and allow for much left over for the family
Posted by Jobu93
Cypress TX
Member since Sep 2011
19225 posts
Posted on 7/5/14 at 8:13 pm to
If you want to REALLY bank, you go to ortho residency.

The endo guys do well but they are getting more pressure from the GPs trying to keep more cases in house.

Prost is near dead as there aren't many residency spots and many programs are closing up shop.

Perio guys have train wreck cases and the Oral Surgeons have I think 4 more years after becoming GPs.

Dentistry is at the precipice of a major change with the proliferation of corporate dentistry. Single practitioners are going to face increased pressure so it's not all sunshine and lollipops in the field. There will be some big changes when the new CDC regulations are published with their expected release date of 2015.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35584 posts
Posted on 7/5/14 at 8:16 pm to
The dentist makes $188k. The office is bringing in a lot more than that.

It's about Hollywood teeth. People see the perfect modified teeth on actors and want the same.
Posted by redgreen
Member since Oct 2012
1405 posts
Posted on 7/5/14 at 8:23 pm to
Don't they have like a ridiculously high suicide rate? I'd kill myself too if I had to smell people's breath all day long.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 7/5/14 at 8:26 pm to
Have a friend in dental school and one thing I thought was very cool of the industry is that they dont flood the industry with a shite ton of graduates like law school does.

From what he told me, it seems like they only take a certain number each year based off of the current trends in the job market. If true, thats pretty good for the people that can get into the school. Better than law school where plenty of the people going through have a tough time getting a good job out of school.
Posted by 911Moto
Member since Sep 2013
5491 posts
Posted on 7/5/14 at 9:25 pm to
quote:

that's less than I thought it would be, but like other professions, I guess it gives you a platform to get into other ventures, and "expand" your financial horizons

That's very slow for the "upper end" scale. The dentist I worked for when I got out of school was taking home $450K, and that was in the early '90s. A guy I graduated with was grossing $1.5 million a year in Medicaid, and he only saw Medicaid patients 2 days/week. There are plenty dentists making $300K and more, and $200-300K is quite common for specialists.
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10056 posts
Posted on 7/5/14 at 11:06 pm to
Well, there are always outliers. We know this board has some of the highest intelligence quotients in all of mankind, so Dentistry should be no exception to the rule of excellence.

The BLS says the median Dentist is pulling $150k, I believe them.
Posted by 911Moto
Member since Sep 2013
5491 posts
Posted on 7/5/14 at 11:15 pm to
No doubt - I'd say $145K as a median is very accurate. I was referring to this:
quote:

The best-paid earned more than $187,999


I know it says "more than," but to me that gives the impression that the high end tends to fall in that range, which is very far from from the truth. And the median for specialists is likely in the low to mid-2s. With good hygienist production 2 or 3 days a week, a dentist can make 150K seeing only 4-5 patients a day (or half day, that is).
This post was edited on 7/5/14 at 11:19 pm
first pageprev pagePage 3 of 9Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram