PKF O’Connor Davies Publishes 2023 Edition of Dental Practices by the Numbers
Annual breakdown of dental practice performance provides data-driven industry snapshot
PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, announced the release of its 2023 Edition of Dental Practices by the Numbers at the 99th Annual Greater New York Dental Meeting. The annual publication provides a snapshot of the dental industry through the reporting of practice data provided by clients of PKF O’Connor Davies. Through the inclusion of key financial benchmarks, dental practice leaders are able to gauge their performance in comparison to other practices in their revenue range as well as the industry at large.
“We release this report each year because of our commitment to providing dentists with the tools and resources they need to optimize practice management and increase overall profitability,” said David J. Goodman, Partner and Dental Practice Leader at PKF O’Connor Davies. “We believe the data and analysis in this year’s edition will prove valuable as practices assess their operations and pursue strategies to enhance their performance in the year ahead.”
The 2023 Edition of Dental Practices by the Numbers contains a number of data points – including average revenue, compensation and expense amounts – intended to provide a comprehensive picture of the dental industry. This year’s report organizes data by practice and by individual general dentist and segments the data by revenue range. In addition, an average statement of collections and expenses for specialists such as pediatric dentists, oral surgeons and periodontists is reported.
For more than 50 years, dentists have relied on PKF O’Connor Davies to provide top-notch tax and consulting advice to support them at every stage of their careers. The organization’s industry specialists leverage a unique, data-driven approach that not only generates tax savings but also reveals the most valuable metrics and benchmarks practitioners and their practices can use to drive growth, boost efficiency and increase profitability. To download the 2023 Edition of Dental Practices by the Numbers, visit https://www.pkfod.com/dental-practices-by-the-numbers/.