Over EU 300,000 in extra income for each medical clinic
In the year 2019, the financial landscape of medical, dental, and psychiatric practices in Germany presented an interesting picture.
According to data from the Federal Statistical Office, the average revenue for dental practices was 721,000 euros, with medical practices following closely behind at 602,000 euros. However, psychiatric practices reported the lowest average revenue of all, at 118,000 euros.
When it comes to expenses, dental practices had the highest average, with 470,000 euros, followed by medical practices with 306,000 euros. Psychiatric practices had the lowest average expenses, at 33,000 euros.
Despite dental practices having higher average revenues and expenses, the average net income per dental practice was slightly lower than that of medical practices, standing at 251,000 euros compared to 252,000 euros for medical practices. Psychiatric practices, however, reported the highest net income, with an average of 85,000 euros per practice.
Interestingly, the majority of revenues for these practices came from health insurance billing. Medical practices generated 71.2 percent of their revenues from health insurance billing, while dental practices generated just over half (51.6 percent). In psychiatric practices, revenues from health insurance billing accounted for almost nine-tenths (87.4 percent) of total revenues.
It's important to note that this data is from 2019, and more recent figures are not yet available. For accurate and detailed figures on 2019 specifically, including average income, expenses, and net income by these practice types in Germany, consultation of the official Federal Statistical Office publications or specialized health economics reports would be necessary.
While this exact data is not available in the provided search results, general economic analyses suggest that medical practices tend to have moderate-to-high average revenue but also relatively high expenses due to equipment, staff, and administrative costs. Dental practices often report higher average revenue per practice, owing to fee structures and the nature of dental treatments, but also face significant expenses related to materials and technology. Psychiatric practices typically have lower revenues compared to medical and dental practices, with expenses also comparatively lower, reflecting less intensive material costs but significant personnel costs.
Image: Ergometer for stress ECG, via dts Nachrichtenagentur
This article provides a snapshot of the financial health of medical, dental, and psychiatric practices in Germany based on data from 2019. For more detailed and up-to-date information, we recommend consulting official sources such as the Federal Statistical Office or specialized health economics reports.
- The financial health of medical, dental, and psychiatric practices in Germany is influenced by a blend of economic and social policy, business, and health-and-wellness sectors, as evidenced by the average revenues and expenses in 2019.
- Medical practices and dental practices, although differing in specific revenue and expense trends, rely on science and finance to manage their revenue streams, particularly through health insurance billing.
- The delicate balance between income, expenses, and net income for psychiatric practices signifies the importance of medical-conditions management and ongoing research in this field for improved financial performance.
