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LMT’s 2014 Fee Survey respondents offer a mixed picture of their sales and profitability. On one hand, laboratory sales seem to be slowly improving. Profits, though, seem to be lagging behind.
Nearly three quarters of respondents to LMT’s exclusive 2014 Wage Survey have taken cost-cutting measures related to personnel in the last two years, citing unpredictable workflows, pricing pressure from dentists and other low-cost labs, and an increase in business costs.
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- May 2013
Despite the fact that many lab owners have been feeling the effects of the economy in many areas of their businesses, the majority of respondents to LMT's latest survey say the implant department isn't one of them.
- March 2013
The growing popularity of all-ceramic restorations continues to erode the PFM market. The percentage of metal-free work being done—45%—is up 15% in just three years, and 20% since 2008.
Sixty-eight percent of the larger laboratory respondents to LMTâs latest Howâs Business? survey are optimistic about this year, compared to only 42% of labs with five or fewer employees.
- February 2013
LMT's February 2013 issue features our 2013 Dentist Survey conducted with Dental Economics. Our dentist-respondents speak out on...
...Why They Switch Labs
• Quality wasn't consistent.
• Cases returned with open margins.
• Crowns had high occlusion and open contacts.
• Inconvenient to work with due to the distance from my practice.
• I have switched from PFM crowns to PFZ or full zirconia crowns. My previous lab was not yet offering this service. Meanwhile, I was noticing that I was taking too much time to adjust my PFM crowns and was becoming increasingly frustrated....
Thereâs a 50/50 chance your clients will switch laboratories in the next five years. Want to know why they might jump ship? Read the results of LMTâs 2013 Dentist Survey conducted jointly with Dental Economics.
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- October 2012
The majority of respondents to LMT's 2012 Fee Survey are delaying fee increases in the face of price-cutting competition and declining caseloads.
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- September 2012
Forty-five percent of respondents to LMT's exclusive 2012 Removable Survey rate the market as good and 35% classify it as fair. The majority say their removable business in the first half of 2012 is level or just slightly up or down compared to all of 2011.
At one end of the spectrum is the 9% of survey participants who say the market is booming and that business is markedly up. "All areas of our removable department are up. We had a record May and July was not far behind. As far as fixed, we are down double digits," says Gary Iocco, Owner, Dimension Dental Design, Hastings, MN.
At the opposite...
Uncertainty prevails among the respondents to LMTâs 2012 Wage Survey and theyâre being cautious about rehiring or raising wages. On a positive note, more than half saw an uptick in
- June 2012
Respondents to LMT's Small Lab Survey speak out about the future of our industry.
The Future Looks . . . Great
My business has stayed strong through this terrible economy. If I made it through this, I can make it through anything. My cosmetic workload dropped off a bit during the past couple of years, but has really picked back up as of late.
My future looks incredibly solid. As the masses move toward CAD technology, I move in the completely opposite direction. I educate my clients on the shortcomings of this new technology and they're grateful for the insight. I work with dentists who...
Three-quarters of home-based lab owners responding to LMT's survey are "very satisfied" with their decision to work from home. In addition to the financial benefits, they appreciate the flexibility, relaxed atmosphere and their ability to balance work/home demands more easily.
The majority of respondents to LMT's Small Lab Survey are enthusiastic about the outlook for their own businesses, calling their future "good" or "great." However, their prediction for the market segment as a whole isn't quite so rosy.
- January 2012
Our latest How's Business survey shows mixed results for 2011.
- June 2011
LMT's 2010 Internet Usage Report coverage explains how laboratory owners are using the internet to reach out, save time, reduce costs and increase efficiency.
- April 2011
Like never before, laboratory owners and managers are tapping into the power of CAD/CAM technology, which is proving to be a valuable image enhancer, production booster and profit generator.
Dental techniciansâ wages have increased only 3% overall during the last two years, according to a comparison of LMTâs 2008 and 2006 Wage Surveys. Hereâs what the data tells us:
Despite the challenges of offshore competition, a limited labor pool and price cutting, the majority of respondents to LMTâs 2008 Fee Survey are optimistic about the future of our industry.
In the second segment of our FutureLAB series, LMT takes a look at the fate of the small lab and trends that will shape the laboratory of the future ...
Fees are up 8% nationwide over the last two years, according to a comparison of LMTâs 2008 and 2006 Fee Surveys. Prices have increased across the board for all specialties and 70% of respondents say profitability has improved or remained stable...
The specialty once considered to be the least glamorous is thriving. According to initial results of LMTâs 2008 Fee Survey, 58% of our denture lab respondents report an increase in profitability in the past two years, largely due to increased sales,
In Part 1 of our report, LMT looks at what's on the minds of dental laboratory owners and managers across the country and delves into the current and emerging trends in our industry.
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