Orthodontics Question?
Is it true that Orthodontists make major money aka $300,000 - $400,000 a year?
Why is it so?
Please be as elaborate as you can.
Orthodontists Question?
Hi,
How much one earns is relative to where he or she works, in what town or suburb. Whether the area is metropolitan or rural. If the orthodontist has lots of patients and they pay well and not forget or pretend to forget to pay their bill, yes it could be as high as that. Also if you have friends in the field, colleagues who value your opinion in this field and get referrals for it, yeah, maybe. But if one or the other is missing, maybe not as high.
Why is it so? Hmmm.... for one, if you have more patients, you have more income, that is if they pay you. IF you are in a more urban or metropolitan area, they tend to charge more than the usual because their rent is higher and cost of labor for all the other staff who work for you. So, you have to charge more and the people who go to these locations are usually people who can pay and will pay, so not too much worries about that part. Then, also, if you do a good job, your satisfied patients will refer other people to you for their orthodontic concerns. The people they refer you to, have families and friends too. I guess that is the same with other kinds of business, but for Orthodontic practices, the first money out for you in terms of materials is only initially, for the most part at least, that is where the bulk of your expenses are. Later on, when patients come for adjustments or follow up, you don't have to spend as much for materials. In a way, you are being paid on and on for your skill, which you also acquired expensively at school.
That is as elaborate as I can get.
Reply:Orthodontists do make great money!!! In a many cases, orthodontics are considered cosmetic although they are finding that many procedures will help with problems that may occur in the future. I have 2 sons, one with a retainer preparing to go into braces and another who has top braces. My insurance covered half of their procedures so far and our portion was still over $1000. And we're not done yet with the youngest one. Standard braces are not as expensive. Clear ones cost more. When my ex did research into getting braces, our insurance would cover none of the $3000 it would take for him to get them. To me, it has been worth every penny to have my sons teeth perfect.
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