Article Review: The impact of COVID-19 on dental professionals

Article Review: The impact of COVID-19 on dental professionals

Overview:
  • GDC commissioned research by Ecorys in September and October
  • Explores the economic impact, safety impressions and patient confidence to access care
  • N = 9,388 
The numbers show that dental business have been hit hard and that confidence is low
  • 75% of dental business owners reported a yearly decrease in income
    • The average decrease in income was 45%
  • 65% of business owners expect income to fall over the next 12 months
    • The average expected decrease is 41%
  • 80% expect to make changed to their business model in next 12 months
    • 35% will employ fewer staff
    • 17% will make redundancies
    • 41% will increase private patient charges
    • 37% will borrow money
  • 98% of dental labs had yearly loss in income
    • NHS labs - average income fall of 57%
    • Private  labs - average income fall of 48%
  • 58% of dental professionals expect income to fall
    • Mean expected fall in income is 43%
Profile of business owners in the market
  • 21% of respondents were practice owners or principals
  • Practice profile (N=1971)
    • 43% majority private (>75% private income)
    • 25% mixed (>75% of income from either private or NHS sources)
    • 33% NHS (>75% NHS income)
  • Private businesses more likely to report that current income had decreased annually
    • 86% for private, 80% for mixed, 72% for NHS
  • Professionals in private dentistry are more likely to expect their earnings to decrease 
    • Private = 74%, mixed = 56%, NHS = 51%
    • Self employed dentists are the most likely to expect future income to decrease (86%) vs employed (34%)
Read the full article here.