alphacow Posted January 9, 2013 Report Share Posted January 9, 2013 Had a presentation done by one of the firms in Vancouver specializing in analyzing and selling dental practices. Here are some facts they brought up: 1. BC licenced 128 foreign trained dentists in 2012. Considering UBC only graduates about 50 students/year. That is a HUGE increase in the number of practicing dentists. If this continues (it likely will), then BC would turn out ~200 dentists a year, which is ridiculous. 2. UBC has increased their class size to 60 students/ year and will be adding more spots in coming years. ...more dentists. 3. The dental market in the states is abysmal at best. For example grads from SoCal can't find ANY job 6 months after graduating. Most dental chains are paying 400$/day to new grads. Private practice jobs are hard to come by. This has caused alot of new grads to move to Canada to practice. It is very easy to obtain a Canadian dental licence. US grads only need to write a written exam which most monkeys could pass. No clinical, no OSCE. 4. Job markets in most major cities are completely saturated. The dentist:population ratio in some areas of the lower mainland is as low as 1:300. On average, the ratio is 1:800 in the Lower Mainland. Considering only 54% of the population sees a dentist on a regular basis, the real dentist:patient ratio is around 1:400. You need about 1500 active patients to sustain one dentist full time. Even medium sized towns like Victoria, Kelowna, and Prince George are saturated. Out of the 50 students that graduated from UBC last year, only 7 managed to find jobs in the lower mainland (not even in Vancouver, just the suburbs of Vancouver). The rest are up north or in AB, Man, Sask. 5. Specialities (with the exception of Pedo) are not faring much better. Most specialties are saturated in major cities. In Vancouver even OMFS is super saturated. The OMFS head at UBC is complaining about the new influx of American OMFS into the country due to the poor US market. In the last 2 years in UBC, 12 new OMFS has moved into the province. Considering BC traditionally only had around 25-30 OMFS, this is a huge increase. Some of the new OMFS grads are working 2-3 days/week. Some are even willing to accept GP fees for extractions and welcome low income (MSSH) dental insurance which pays about $150/ impacted wisdom tooth. Unlike GPs who can choose to work in smaller towns, the small population in most rural regions cannot support a specialist full time. Some of the new grads in Ortho, endo, OMFS are having to work in 2-3 small towns in order to fill up their schedule. 6. Dental chains do exist in Canada and are expanding. 123dentists is a huge problem in the lower mainland. They own 50-60 practices in vancouver, most of them in shopping centers or strip malls. western dental group is another chain that is expanding rapidly as well. 7. The only people benefiting from this are retiring dentists. Most dental practices in the cities are extremely overpriced due to the large number of recent grads looking to purchase practices with existing patient pools. No one wants to risk starting cold in this environment. Practices in Vancouver are selling at 1.4-2 times the gross revenue, which is unheard of until recent times. Link to comment Share on other sites More sharing options...
dentopia11 Posted January 9, 2013 Report Share Posted January 9, 2013 yikes! its all doom and gloom.. Link to comment Share on other sites More sharing options...
Mighty Molar Posted January 9, 2013 Report Share Posted January 9, 2013 Had a presentation done by one of the firms in Vancouver specializing in analyzing and selling dental practices. Here are some facts they brought up Did they (the firm, or selling agents) conclude the speech by convincing attendants / dentists to use their services? Link to comment Share on other sites More sharing options...
Legion Posted January 10, 2013 Report Share Posted January 10, 2013 Some of the new OMFS grads are working 2-3 days/week. Still would make more than a full-time dentist Link to comment Share on other sites More sharing options...
DDSDMD Posted January 10, 2013 Report Share Posted January 10, 2013 Is it really this bad even in rural areas?? Link to comment Share on other sites More sharing options...
reddishh Posted March 3, 2013 Report Share Posted March 3, 2013 Is it really this bad even in rural areas?? probably not. But not everyone would want to live in rural areas. I think in 10 years, the market will be oversaturated in rural areas too. Link to comment Share on other sites More sharing options...
Ostracized Posted March 3, 2013 Report Share Posted March 3, 2013 probably not. But not everyone would want to live in rural areas. I think in 10 years, the market will be oversaturated in rural areas too. I was at a course where the instructor was saying that the town he works in (Thorold, Ontario), is oversaturated. Does anyone even know where Thorold is? Link to comment Share on other sites More sharing options...
reddishh Posted March 3, 2013 Report Share Posted March 3, 2013 I was at a course where the instructor was saying that the town he works in (Thorold, Ontario), is oversaturated. Does anyone even know where Thorold is? lol! your post made me look for where Thorold is located! It's actually a city with only 17,931 population (1/10 of Barrie). I'm sure the situation will get worse with more foreign dentists coming to Canada and dental therapists introduced in Canada, dental chains expanding, and economic outlook, etc.. this is so depressing Link to comment Share on other sites More sharing options...
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