INCOME AND EXPENSES
During the 2009-10 financial year, total income of $6.7b was generated by dental businesses, of which fee for service accounted for $5.7b or 85.9% of total income. Of the total fee for service, patient payments was the most significant item comprising $3.5b or 60.6% of the total. Private health insurance payments accounted for $1.6b or 27.2%, with bulk billing accounting for just under 10% of total fee for service. While this survey does not measure accessibility to service, it is showing that patient payments and private health insurance represent the greatest proportion of total fee for service.
Dental businesses operating at 30 June 2010, generated an average income of $707,800 per business. Average fee for service income earned per practitioner was $347,000.
Total industry expenditure for dental businesses was $5.1b during 2009-10. The main expense item incurred was labour costs accounting for $1.9b or 37.5% of total expenses. The other main source of expenditure was payments to administrative businesses for support services ($783.4m or 15.5%), indicating that a number of dental businesses utilise the services of a separate administrative company to provide support staff and pay general expenses.