Do doctors or dentists become more wealthy through business ownership?
Just curious. Whenever I look at past posts, it’s always, “an employed doctor typically makes more but a dentist can out earn a doctor through business ownership”. The topic that never seems to get discussed are the doctor business owners and comparing them to dental practice owners.
I also had no idea how many business opportunities are out there for doctors too. From opening a practice in your specialty to being a medical director for IV businesses and med spas to owning medical rehabs and starting supplement companies. There seems to be a wide range.
So out of curiosity, comparing a doctor business owner to a dental business owner, which one typically makes more?
Edit: I also know people will say, “it depends” but looking at the big picture, which one seems to have the best ROI? For example, dental seems great but when you compare all the expensive equipment, how much dental insurance is paying out, etc., it could be low or high. It’s also very area dependent. A dentist owner in California likely doesn’t do as well as a dentist owner in the middle of Kansas. Would a doctor that is able to start their own practice and is a direct of a few IV companies and med spas generally have a higher chance of succeeding and better opportunities throughout the country?
Edit 2: I meant physician. As someone going into dental, I just always assume if someone needs a doctor, it’s a physician.