2010 Fee Survey
Posted Dec 01, 2010 in LMT Surveys
Fees Remain Flat as Laboratories Ride Out Tough Economy
A whopping 80% of respondents to LMT's 2010 Fee Survey say they've delayed usual fee increases due to the lagging economy, and that's evident in our data: restoration prices have not undergone any significant increase over the last two years.
In an economic environment that is ripe for price-cutters and offshore competition, many respondents say they've had no choice but to hold their prices. "Dentists tell me they're being 'bombarded' with offers for cheap work from cheap labs. Unfortunately, a lot of them are taking advantage of the cut-throat environment created by our own industry," says Dan Perera, CDT, MDT, MDP, owner, D&L Dental Studio LLC, Penndel, Pennsylvania. "It would be economically insane to raise your prices in the current situation."
In fact, 44% of survey participants haven't increased fees since 2008 or even earlier. And though some say they've had to...