With the emergence of business intelligence along with ever changing market conditions, is it enough to have a strong patient-focus to survive in the increasingly competitive dental industry?In a recent study by the American Dental Association (ADA), the organization presents alarming figures about the bleak financial state of the U.S. dental industry. According to the study conducted by ADA’s Health Policy Resources Center, the average annual net income for general practitioners has dropped with over 12% since 2006. The considerable decline in net income, which started several years before the financial crisis in 2008, is highly attributed to the declining utilization of dental care by the adult population. As a consequence, nearly 40% of all dentists in a national survey from 2011 reported that they are “not busy enough”.
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