Based on a recent survey of 1,500 dentists in the Quarterly Survey of Economic Confidence, there seems to be a "cautious optimism" in the direction of the market. While dental procedures are not at their pre-recession levels, there is a trend upward.
Key takeaways from the article include the following:
- The percentage of dentists reporting less favorable conditions decreased from 51 percent in the fourth quarter of 2010 to 42 percent in the first quarter of 2011.
- Nearly 10 percent more dentists reported more favorable conditions in gross billing compared to the fourth quarter and there was a 1 percent increase in the no change category. The number of dentists who reported a less favorable condition decreased from nearly 44 percent to 36 percent.
- Dentists reported seeing more new patients this quarter. There was a 10 percent movement away from the less favorable category and dentists who reported an increase in new patients rose from 14 percent in the fourth quarter of 2010 to 23 percent in the first quarter of 2011.
- Treatment acceptance rates improved by more than 3 percent.
You can read the full article on the ADA website.