SPENDING NEEDS A BOOST According to the latest data from the American Dental Association (ADA)/Health Policy Institute (HPI), total dental spending.

Slides:



Advertisements
Similar presentations
A Profession in Transition A Look Back, A Look Forward Marko Vujicic, PhD Managing Vice President Health Policy Resources Center.
Advertisements

The State of Dentistry What Data Tell Us About Your Future Practice Environment Cassie Yarbrough, MPP Health Policy Researcher ADA Health Policy Institute.
Exhibit 1 After The End of the Affordable Care Act’s Third Open Enrollment Period, the Percentage of Uninsured U.S. Adults Was 12.7 Percent Percent of.
A Year of Fewer Clients For 2016, the American Bar Association (ABA) reports a 1.1% increase in the total number of “resident active” attorneys.
Plenty of Interest, Limited Inventory
The Oral Health Care System
Market Drivers According to Euromonitor, 2015 US sales of children’s clothing totaled $135.6 billion, which was 12% of the entire apparel market. Since.
Rubbish Revenues Rebound
Interior Design Services
Extending and Enhancing Home Life for Seniors
Gain Without Pain For a medical profession or industry that is in the business of alleviating pain, it has been pain-free since the recession, increasing.
Give Mom (and the Economy) a Lift with a Gift
Travel Agents Are Still in the Game
Wealth Goal Guidance For the year ending September 2015, combined annual revenues for the financial planning/investment advisory industry had increased.
Outpatient Alcohol/Drug Abuse Centers
Confidence in the Business Climate
The Sounds of Success According to the Hearing Industries Association (HIA), hearing aid sales have increased significantly during the last three quarters:
Enormous Expenditures
The Vet Set After generating total industry revenues of $28 billion for the year ending August 2014, veterinarians posted a gain of 7.1% in revenue for.
Funeral Services Industry Today
Headwinds to a Healthy Practice
Property & Casualty Profitability
Not Gaining on Pain In the latest National Health Interview Survey (2012), 50%, or million US adults, 18+, reported suffering from a musculoskeletal.
Spending Our Wealth on Health
Becoming the Trainer Cover the following: Parental advocacy
A Sign of the Housing Market’s Strength
Strong and Stable Although the average US monthly rents decreased by $3 during October, to $1,216, they still increased 4.4% year-over-year. Industry.
Caring for Your Body’s Largest Organ
Riding the Revival Nothing is more critical to the success of the 3 home services providers in this Profiler – electrical contractors, plumbers and.
The Up-and-Down Economy
State of the Dental Market: Outlook 2018
Massage Therapy Relaxing Revenue.
Assets Concentration According to the Federal Deposit Insurance Corporation (FDIC), total assets at all insured institutions increased from $15.78 trillion.
GOOD NUMBERS MAKE FOR GOOD NEWS
Happier Americans Are Bigger Consumers
A Solid Economy for Spending
The Art of Understanding Men
Community Foundation of Collier County
More Physicians to Serve
Exhibit 1 Three of Five Adults with Marketplace or Medicaid Coverage Who Had Used Their Plan Said They Would Not Have Been Able to Access or Afford This.
2018 Will Be a Record Year “Twice”
Empty Seats According to National Association of Theatre Owners data, total 2017 US/Canada box office gross revenues were $ billion, a 2.5% decrease.
Plenty of Americans in Need of Foot Care
18 Months of Sales Improvement
What Americans Like To Do With Their Time Off
Child’s Play IBISWorld estimates 2017 daycare industry revenues were $48.9 billion, and will increase 1.9% annually to reach $52.5 billion by Private.
More Choices Attract More Guests
Online Grocery Shopping to Enter Mainstream Sooner Than Expected
An Evolving Customer Base Challenges Banking Traditions
A Critical Source of Support for Charities and Nonprofits
Retail Gains and Consumer Confidence
The Economy Is Providing a Solid Base for an Excellent Back-to-School Shopping Season
We’re Spending More on Healthcare…
2017 Footwear Sales Didn’t Leave Much of an Impression
Providing a Safe, Healthy Haven for Children of Working Parents
A 20-Year Explosion in Pet Products Spending
Helping Young Americans Chart a Path to Career Success
“Is There a Doctor in the House?”
Qualified to Vote Understanding the Latino American voting bloc reveals not only its growth and influence, but also insights about the nation’s Latino.
CHIROPRACTORS 2018 PROFILER
The Fitness Industry Is Strong and Growing Stronger
Health Insurance Costs Trends
More Americans Are Visiting a Dentist
Physical Therapy Market
10 Years of a Faltering Market
Dentists’ Ranks to Welcome More Women
Weekly C-Store Shopping Patterns
Gardening Market in Gargantuan Growth Cycle
Hospital Spending Increases the Least of All Major Categories
Recent New Light-Vehicle Sales…
Presentation transcript:

SPENDING NEEDS A BOOST According to the latest data from the American Dental Association (ADA)/Health Policy Institute (HPI), total dental spending continues its very low-growth trend since 2008, with 2014’s total of $113.5 billion increasing just 1.3% from 2013’s $112 billion. Per-capita dental expenditures also reflect this industry-growth stagnation, having increased just $2 from 2013’s $349 to 2014’s $351. From 2002–2014, the average annual growth rate of dental expenditures was 1.6%, compared to 3.9% for 1990–2002.  Trends that may help to boost dental spending include the increasing utilization of dental care by working-age adults and children, the expansion of Medicaid dental care optional benefits for adults and generational patterns.

DENTISTS’ AGE FACTOR The total number of dentists increased from 192,313 (2014) to 195,722 (2015), and has been steadily increasing since 2002 when there were 163,345. During 2015, the dentist-to-population ratio was 60.9 and has increased in every state except four since 2005.  As in many health care professions, dentists are older, the average increasing from 48.5 (2005) to 50 (2015). Their average age of retirement increased to 68.8 for 2015. In addition, the share of female dentists increased from 20.0% (2005) to 28.9% (2015). As dentists delay their retirement age, the ADA/HPI forecasts the number of US dental school graduates will increase through 2020. This will result in an increase in the dentist-to-population ratio from 60.9 for 2015 to 63.5 for 2025 and 65.7 for 2035.

WORKLOAD, VISITS AND INCOME The percentage of all dentists who perceived their workload as “not busy enough” declined from 35.9% (2013) to 33.6% (2014). Specialists have declined much more than general practitioners: 37.1% to 30.9% and 35.6% to 34.2%, respectively.   The average number of patient visits per dentist per week was 68.9 during 2014, declining slightly from 69.3 for 2013. General practitioners declined from 66.8 (2013) to 64.9 (2014), while specialists increased significantly from 80.2 (2013) to 87.2 (2014). The latest data from the ADA/HPI revealed 2014 average annual net income for general practitioner dentists was $174,780, and for specialists $322,200. Among specialists, oral and maxillofacial surgeons had the largest annual net income, or $413,410.

MAKING DENTAL CARE MORE AFFORDABLE Data from the ADA/HPI indicate that the rate of children without dental insurance decreased from 12.2% for 2013 to 11.0% during 2014. Working-age adults similarly declined, from 33.3% to 29.4%, respectively. The Affordable Care Act (ACA) and the federally-facilitated marketplace has increased the purchase of dental benefits, with the 2016 take-up rate of standalone dental plans at 15.1% among adults and 13.2% among children, or a total of approximately 1.4 million. According to the ADA/HPI, 64.9% of patients of all dentists in primary private practice had private dental insurance during 2014, 7.5% had coverage from public assistance and 27.6% were not covered.

ATTITUDE-TO-ACTION DISCONNECT According to a 2015 ADA/HPI 2015 survey, income appears to be a factor in people’s perception of the overall condition of their mouth and teeth, as 19% of those with low incomes thought it was poor compared to approximately 3% of those with high incomes. Although 97% of survey respondents said they value oral health and 95% agree regular dental visits keep them healthy, 16% said their last dentist visit was 3 to 5 years ago, 26% said 5 year plus and 11% said they had never visited a dentist. Additional data show that people’s attitude and actions don’t match, as a 2015 Harris Poll found 77% of adults said they planned to visit a dentist during the next year, but a 2013 poll found only 37% had actually visited a dentist within the past year.

ADVERTISING STRATEGIES Those dental practices with the budgets for TV advertising may want to concentrate their exposure to March and April and advertise a “Spring Cleaning for Your Teeth” promotion, suggesting this is the best time of the year for a cleaning just like the home. Dentists could promote a multi- generational fee bundle, providing one discount level for a family with a parent and child appointment the same day and a deeper discount for a child, parent and grandparent visit the same day. Promote a free dental insurance consultation for low-income adults (from someone in the office or a third-party advocate), showing them affordable dental insurance options. A future appointment could be made to motivate these adults to purchase coverage.

NEW MEDIA STRATEGIES Since many adults perceive their dental condition as a negative during a job interview, use Instagram to share oral health content with young adults and promote a checkup as soon as they consider changing jobs and scheduling interviews. With 22% of adults saying they are afraid of the dentist, short video blog posts are perfect opportunities for dentists to create a personal connection with their target audiences, and especially show what methods they use to reduce discomfort and pain during a visit. Dentists can also use the wealth of existing content for regular social media posts or email campaigns on what foods to avoid and eat for better dental health, how to protect the mouth and teeth during athletic activities, etc.

Click to add text