PKF O’Connor Davies Releases 2022 Edition of Dental Practices by the Numbers
Annual compilation and analysis of current industry trends provides data-driven perspective on dental practice performance
PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory firms, today announced the release of its 2022 Edition of Dental Practices by the Numbers. Recently unveiled at the 98th Annual Greater New York Dental Meeting, the annual publication offers a data-driven snapshot of the dental industry based on financial information provided by the Firm’s clients. The inclusion of key financial benchmarks allows dental practices to better understand their operational performance relative to both targeted competitors and the industry at large.
“We look forward to releasing this report every year because of the immense value it provides to dental practices seeking to increase profitability and improve overall performance,” said David J. Goodman, Partner and Dental Practice Leader at PKF O’Connor Davies. “The data and analysis we provide detail emerging shifts in the field of dentistry and demonstrate our ongoing commitment to providing practitioners with industry-leading insights and resources.”
To provide a more comprehensive picture of the dental industry, the 2022 Edition of Dental Practices by the Numbers contains an even greater number of statistics and actionable metrics than past reports. Average collection and expense amounts – including staff compensation, services costs, facilities costs and administrative costs – organized by practice and by individual general dentist are reported. In addition, the report contains an average statement of collections and expenses for specialists, including pediatric dentists, oral surgeons and periodontists.
To access, download and read the 2022 Edition of Dental Practices by the Numbers, visit https://www.pkfod.com/2022-dental-practices-by-the-numbers/
For more than 50 years, dentists have relied on the Firm’s industry specialists to provide top-notch tax and consulting advice to support them at every stage of their careers. The Firm’s experts 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.