Ep. 254: Why Dentists Are Losing the Hiring War

 

It's not that dentists don't want to pay their teams more—many simply can't. In this week's episode, Jeff explores the growing gap between rising practice expenses and stagnant insurance reimbursements, and what it means for the future of dentistry. 

Free Fees & Plans Analysis - https://www.mgeonline.com/fees-and-plans 

The Get Out of Network Blueprint Seminar - https://www.mgeonline.com/out-of-network-blueprint 

Dental Business RX Episode 251 - https://www.dentalbusinessrx.com/episodes/ep251 

Dental Business RX Episode 252 - https://www.dentalbusinessrx.com/episodes/ep252  

Dental Business RX Episode 253 - https://www.dentalbusinessrx.com/episodes/ep253

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Questions From This Episode

What did the ADA Health Policy Institute find about dental office wages compared to the rest of healthcare and the broader economy?

Inflation adjusted, dental office wages actually declined between 2021 and 2026, dropping from $35.23 to $34.57 an hour, while physician office wages rose slightly, all healthcare wages rose slightly, and average private sector wages overall rose too. Dental is now the only category among those compared where real wages moved backward.

If patient spending on dentistry is actually up, why is take-home income for dentists down?

Dental spending from patients is up 8 percent since 2020, but reimbursement hasn't kept pace with rising costs for equipment, supplies, and technology. Average net income for a private practice dentist fell from about $230,000 between 2015 and 2019 to $200,000 between 2020 and 2024, a 13 percent drop, while cumulative inflation over those same two periods jumped from 10 percent to 22 percent, meaning that same doctor would need to be earning roughly $281,000 today just to match their old standard of living.

What's the real reason dentists can't simply raise wages to stay competitive for staff?

A practice that's heavily locked into insurance reimbursement doesn't control its own income the way virtually every other business does. A grocery store or restaurant can raise prices the moment a supplier raises theirs, a dentist who is 70 or 80 percent contracted into insurance fees can't touch the price of the majority of the work coming through the door, no matter what inflation does to the actual cost of running the practice.

Why doesn't simply seeing more patients solve the reimbursement problem?

Higher volume can offset weak reimbursement somewhat, but it doesn't fix the underlying math, a doctor with strong new patient flow and solid case acceptance is still collecting the same suppressed fee on every procedure, just at a higher volume, which usually just means significantly longer hours for a similar or only modestly better outcome, not a genuine long-term solution.

What's the actual first step Jeff recommends before jumping straight to get out of network?

Sit down, ideally with a spouse or close friend, and genuinely envision what the practice and the life around it would actually look like without the current constraints, without immediately dismissing it as impossible. Then compare that vision honestly against the current reality and identify specifically what would have to change, since the real barrier for most doctors isn't the mechanics of leaving a plan, it's the conditioned belief that leaving isn't possible in the first place.

Episode Transcript

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Ep. 255: The Rural Strategy

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Ep. 253: Breaking Up with Insurance: A Step-by-Step Guide to Getting Out of Network — Part 3