<\/p>\n\n\n\n
The Consumer Price Index went up 5.4% in July, the largest jump in 13 years.\u00a0In addition, according to Moody\u2019s Analytics, the U.S. is experiencing \u201cthe strongest wage growth in a quarter century.\u201d
Inflation is overhead on steroids.\u00a0Dental staff salaries and benefits are the largest overhead line items in dental practices.
It\u2019s time to analyze the numbers in your dental practice and raise fees.\u00a0You want to be fair to your patients, of course, and large increases for fee-for-service patients can lead to pushback.\u00a0The goal is to proceed methodically, raise some fees more than others; but make sure that the average increase keeps the overhead monster from eating into your profits.\u00a0
You cannot afford to \u201chold the line\u201d on fee increases when your suppliers and your staff are demanding more from you.\u00a0I\u2019ve been going over numbers with my dental clients and making recommendations.\u00a0Plan now and put a new fee schedule in place no later than January.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"