Think Your Dentist Makes Too Much Money?
Undergrad Education- Cal State Bakersfield $32,000
Doctor of Dentistry Degree= USC $655,265
Medical Building in Lake Isabella $500,000
Medical Equipment and Technology $500,000
STARTUP COSTS (before you open for business) = $1,687,265.00
Annual Overhead (before repaying start-up costs): -$500,000
Kern River Dental Free Services for veterans, seniors, children and community: -$200,000 annually.
Insurance Write-Offs (due to non-payment or refusal) $65% of total receivables.
Cost of Managing Insurance Required Paperwork and Collections- 70% of all receivables.
The dental industry has not seen an increase in fees from insurance carriers since the 1950’s.
Is it any wonder a large percentage of rural dentists no longer accept ANY insurance and are cash only?
Kern River Dental still accepts most PPO insurance.