Dentists are learning to adapt to the economic challenges facing the industry due to inflation and new tariffs.
Three dental leaders recently spoke with Becker’s to discuss how tariffs and inflation are affecting practices, and how dentists can remain financially stable.
Editor’s note: These responses were lightly edited for length and clarity.
Question: How is inflation and/or tariffs affecting operational costs at your practice?
Stan Kinder. Founder of Everything DSO (Haymarket, Va.): While I am not directly involved in owning or working in a practice, I work closely with many in the profession. While I am less certain about the direct impact of tariffs, there is no question that inflation is putting pressure on profitability. This is particularly challenging given that insurance reimbursements have remained flat or some instances even declining. I think there is also a growing concern that we may be approaching the point where it might begin to impact the dental consumer. The net effect short term is that many, if not most, dentists are working harder to earn less.
Source: Dental leaders grapple with operational costs amid tariffs, inflation / Becker’s Dental