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What are Some Economic Facts your Dentist Doesn’t Want You to Know?
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So - What are Some Financial and Economic Facts your Dentist Doesn’t Want You to Know?
Dentistry
Dental Care
DDS
Dr. David E. M
64 months ago
64 months ago
3 answers
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That he/she drives a Ferrari :)
Patrick Henz
64 months ago
64 months ago
No, a Jaguar
- Dr. David E. 64 months ago
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That you are paying for his/her college debt of $500K to $1.5M if a recent graduate of a private dental school.
That you are paying for his infrastructure and equipment.
That you are paying for the annoying phone call reminding you that if you don't show for your appointment, you will be charged a n0/show fee.
That you are paying for up to 10% of his/her gross revenue in advertising to get new patients.
That he/she may have little idea of what the per patient contribution to his/her gross revenue is because financial is not a major focus in dental school.
Jim Ratcliff
64 months ago
64 months ago
Nice list but very general
- Dr. David E. 64 months ago
Not really different than from any other profession, industry or company, etc.
- Dr. David E. 64 months ago
So are your comments -- very general. Good feedback is both timely and constructive
- Jim 64 months ago
EXAMPLE: Extended Prophylactic Schedules [exam and cleaning]
- Dr. David E. 64 months ago
Sorry, sight impaired - types slow.
- Dr. David E. 64 months ago
EXAMPLE: Routine bitewing x-rays. They are commonly taken every year simply because it has always been that way, and that interval was adopted as the minimum time most insurers allow.
- Dr. David E. 64 months ago
Why are you asking questions when you appear to believe you have the answers? What is your intent here?
- Jim 64 months ago
Data gathering - RD; etc
- Dr. David E. 64 months ago
If he/she studied outside the US there would be no college debt. Other costs: the investment into doctor's office.
- Patrick 64 months ago
OK
- Dr. David E. 64 months ago
I was looking for something even deeper and more granular than this: http://taoofdentistry.com/blog/10-things-your-dentist-doesnt-want-you-to-know/
- Dr. David E. 64 months ago
That's quite a list Dr. David. I feel even worse about my dentist now! :-)
- Roy 64 months ago
I'm a dental school drop out
- Dr. David E. 64 months ago
More scams: http://www.intelligentdental.com/2011/09/26/how-to-avoid-a-dental-scam/
- Dr. David E. 63 months ago
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I believe in professionalism and ethics in practice should paramount at all times. Financials should never be discussed and charges should commensurate services rendered and materials as well as amenities. Modest rebates in case of patronizing a brand of good quality materials used in the procedures
Christine Hope Cuaresma
64 months ago
64 months ago
Define MODEST
- Dr. David E. 64 months ago
Define COMMENSURATE
- Dr. David E. 64 months ago
MODEST: insignificant amont, the usual gain by evryone,. And take note Dr. David E. Marcinko MBA , a medical professional shall not engage in a financial commitent tht will make it financially burdensome to the patient. Commensurate means justice and equity, we shold return back what is our patient money's worth
- Christine Hope 64 months ago
What is justice and equity?
- Dr. David E. 64 months ago
Define insignificant?
- Dr. David E. 64 months ago
What is the usual gain by everyone?
- Dr. David E. 64 months ago
Justice and equity means giving what is the fair value of their money Dr. David E. Marcinko MBA
- Christine Hope 63 months ago
Insignificant means not big enogh
- Christine Hope 63 months ago
Usyal gain by everyone means the gain realized by everyone who offers something from the investment that is made in the locality, @
- Christine Hope 63 months ago
What is fair value of their money?
- Dr. David E. 63 months ago
What is not big enough?
- Dr. David E. 63 months ago
Dental scams: https://www.bankrate.com/finance/insurance/dental-scams-1.aspx#slide=1
- Dr. David E. 63 months ago
Fair value of money means what it can buy wherever you go in that place. You do not take advantage of them by high prices
- Christine Hope 63 months ago
Not big enough means it will not hurt the patient's pocket and you can sleep soundly for having not taken advantaged of your patient by your charged fees
- Christine Hope 63 months ago
Define high prices?
- Dr. David E. 63 months ago
Define taken advantaged of your patient?
- Dr. David E. 63 months ago
Define charged fees?
- Dr. David E. 63 months ago
Dr. David E. Marcinko MBA when we say we take advantage of our patient financially speaking, we impose something which is beyond the benefits given
- Christine Hope 63 months ago
Charged fees are the billing that we give to our patients to pay
- Christine Hope 63 months ago
Define high prices?
- Dr. David E. 63 months ago
Define billing?
- Dr. David E. 63 months ago
Define taking advantage of patients - financially speaking?
- Dr. David E. 63 months ago
LINK FOR ANSWERS: https://www.amazon.com/Dentist-Who-Gets-Blueprint-Success/dp/1732799105/ref=sr_1_1?keywords=hymovitch&qid=1549675150&s=Books&sr=1-1
- Dr. David E. 63 months ago
WHen we speak of high prices, it is adding more than 4% of the original price (personal opinion)
- Christine Hope 63 months ago
Billing is the amont of money collectible from the patient
- Christine Hope 63 months ago
Price is not bill is not charge is not cost is not pay.
- Dr. David E. 63 months ago
4% of the original price (personal opinion) = agree
- Dr. David E. 63 months ago
Billing is the amont of money collectible from the patient-NOPE
- Dr. David E. 63 months ago
BILL = an amount of money owed for goods supplied or services rendered, set out in a printed or written statement of charges.
- Dr. David E. 63 months ago
LINK: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?ie=UTF8&qid=1448163039&sr=8-9&keywords=david+marcinko
- Dr. David E. 63 months ago
Dr. David E. Marcinko MBA "BILL = an amount of money owed for goods supplied or services rendered, set out in a printed or written statement of charges. - Dr. David E. Marcinko " yes
- Christine Hope 63 months ago
https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?ie=UTF8&qid=1448163039&sr=8-9&keywords=david+marcinko Dr. David E. Marcinko MBA , COngratulations yo wrote this book.
- Christine Hope 63 months ago
YES - I am aware; thanks
- Dr. David E. 63 months ago
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