- What is a Demographics Analysis?
More than just a simple demographics report, a Demographics Analysis is a full-featured, comprehensive examination of all the important demographic, economic and geographic factors that affect the potential of a particular location for a dental practice. An analysis goes beyond the tradtional demographics report by helping you thoroughly evaluate how each demographics variable directly affects a dental practice at that location. In fact, our demographics analysises are so comprehensive, they are often required by dental financing companies for practice startups, because the effect of a location directly impacts the success, or failure of a dental practice startup. Whether you are negotiating a lease on a location or considering a practice purhcase, you deserve to be fully informed about how that location will affect the dental practice. A TE Demographics Analysis will ensure that your start your practice knowing exactly the competitive advantages you have, as well as how to overomce the competitive challenges you will face.
- What’s included in my TE Dental Demographics analysis?
- A map with drive time areas surrounding the proposed practice location in three increments (your choice of drive times, usually we recommend 5/10/15 min for suburban areas and 10/15/30 for rural). This is a much better predictor of where patients will come from than the generic “surrounding zip codes” method used by other demographics companies
- Demographic information of each of the drive time zones, including population, median income, and yearly dental expenditure per person
- Breakdown of expected demand for specific dental needs (pedo, ortho, 3rd molar extractions, perio, endo, complex prosthdontics in each drive time zone).
- Traffic information for major highways and intersections in the area, helping you determine the best visibility location for signage for your office
- Employment information for the zip codes which fall within the largest drive time area, including number of employers, average salaries, major industry types, helping you plan your insurance participation strategy
- Competition analysis with a map of dentists within geographical area and breakdown of dentist/population ratio for each drive time zone
- Production analysis, using actual per person expenditures in the drive time areas along with the number of competing dentists in the drive time areas, we can give you an accurate projection of what you target yearly production potential would be.
- In depth information about the population, with financial informaiton including average liquid assets, debt to income ratios, unemployment, homeownership, and even psychological dental buying behaviors.
and most importantly...
- In depth analysis of all the data to help you make informed decisions and achieve the best return on investment. That's why we call is a demographic analysis and not just a report!
You can view an actual demographics analysis prepared for a client here: Sample Demographics Analysis
The cost for a TE Dental Demographics Analysis is $850.
Simply Contact Us and let us know the area that you are considering. We can get started on your analysis today, and most analyses are completed within 7 business days!
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