- And after the decreased revenue of 2020, that trend may be even more pronounced.
- The ADA Health Policy Institute, or HPI, released data in 2018 that showed dentists retiring later than ever.
- In fact, the average age was almost 69 years old.
- Now, while it's true that some dentists chose to close shop during 2020, it's just as likely that many others have put off retirement to make up for that decreased revenue over the last couple years.
- Now, what kind of shape will you be in for retirement? Well, that depends largely on the last several years revenue for your practice.
- You might think it's the size of your patient base, but you'd be wrong. Actual revenue trumps potential revenue every time.
- And with patient volume nationally still hovering around 80% of pre-pandemic levels, it's going to be tough to post strong figures in 2021.
- Unless you partner with a proven service provider that can not only keep your chairs full, but also increase your average case value in revenue.
- Smart dentists will look for a single dental practice growth firm that provides the full range of marketing services and team training.
- And if they happen to provide consulting services as well, well, that's a major plus.
- When you have all of your bases covered, and what you need is being handled for you, so you're freed up to focus on just the dentistry, that's true freedom.
- If you'd like to retire strong, check out smartboxdental.com and you'll see that we cover all three areas of practice growth: Patients, People, and Practice.
- It's that comprehensive approach that dentists need to retire on their own terms and enjoy their life again.
Created by Smartbox
SmartBox employs the best minds in dentistry to help you grow your practice. Our Practice Growth System™ is proven to help dentists in every market area across the country achieve predictable year-over-year growth.
"Running your practice by yourself can feel overwhelming. With our help, you can increase the quality and quantity of your new patients, which will allow you to get back to enjoying life."