Monday, November 9, 2009<\/p>\n
I recently completed my fee, wage and economic surveys for the Upper Midwest. Over 300 practices responded.<\/p>\n
33% of the Metro practices surveyed said they were up this year, 46% were down and 21% even. For Outstate offices (including the edges of North and South Dakota, Iowa and Wisconsin) the outlook was a little better. 41% of the practices said they were up, 28% down and 31% even.<\/p>\n
17% of Metro Area practices felt the economy is not a factor at all but 73% felt the economy had a \u201cmoderately negative\u201d effect. 27% of Outstate offices said the economy hasn\u2019t affected them at all and 70% said \u201cmoderately negative\u201d.<\/p>\n
29% of Metro Area offices have given or plan to give raises this year and 41% said they won\u2019t. In Outstate offices 54% have given or plan to give raises this year with 24% saying that they do not plan to give raises (the rest variable or not sure).<\/p>\n
There is no question that the current economy is having an impact on practices. Just three years ago \u201c5% growth\u201d was more or less the rule.<\/p>\n
I believe in management. Whenever we see Doctors take actual steps to improve, they do improve! Things just don\u2019t come as easily as they might have in previous years.<\/p>\n
Feel like talking about your situation? Got some ideas? I have a standing offer of a free 20 minute consultation that allows you and I to get to know each other and share information that will be beneficial to both of us. Call me at 952 921 3360.<\/p>\n
\u2019til next time…
\nPosted by Bill Rossi at 8:55 AM
\nLabels: Advanced Practice Management, Bill Rossi, Dental Consultant, Dental seminars, Economic news for midwest dentists, Staff management<\/p>\n","protected":false},"excerpt":{"rendered":"
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