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Practice Ownership

Practice owner vs. associate: the financial case for ownership

Ian McGinnis, Founder & Financial PlannerPublished 2 min read

This is a strictly financial comparison. Ownership also brings risk, debt, and responsibilities an income figure can’t capture — but on the money alone, the data has a clear pattern.

How do associate dentists get paid?

Associate compensation is usually tied to production or collections — commonly around 30% (arrangements vary widely), sometimes with a daily rate or base guarantee. In other words, an associate earns a share of what they personally produce.

Illustrative associate income by career stage (arrangements vary)
Career stageAssumed annual collectionsIllustrative pay (~30%)
New associate (years 1–2)$500,000~$150,000
Established associate$700,000~$210,000
High-producing associate$900,000~$270,000

How do practice owners get paid?

An owner keeps the practice’s profit — collections minus overhead (often around 60%) minus any associate or staff compensation — plus the value of their own clinical production. As production grows and overhead is managed, more of each dollar reaches the owner.

Illustrative owner economics (single-owner practice)
LineIllustrative amount
Practice collections$1,000,000
Overhead (~60%)−$600,000
Owner earnings (before owner’s own pay)~$400,000

What does the ADA data show?

According to the ADA Health Policy Institute, the average net income for general practitioner dentists was about $218,710 in 2023. Owner dentists tend to earn meaningfully more than associates — roughly 30–50% more on average — while working only about five more hours per week. Average gross billings for a general-practice owner have been reported near $942,290. These are averages that blend a wide range of practices.

Why do owners tend to earn more?

  • They keep the practice’s profit, not just a percentage of their own production.
  • They build equity — the practice itself becomes a valuable, sellable asset.
  • They can leverage associates and hygiene so the business earns beyond their own hands.
  • They control overhead, growth, and how the practice is run.

The financial catch

Higher income is not free. Ownership means taking on acquisition debt, carrying overhead in slow months, and holding a large, illiquid asset — which is exactly why building wealth outside the practice matters. A struggling practice can pay its owner less than an associate role would. The upside is real, and so is the risk.

Frequently asked questions

  • On average, ADA data shows owners earn more — roughly 30–50% more than associates. But it is an average, not a guarantee. A specific practice can earn its owner more or less depending on production, overhead, and debt.

Sources

  1. ADA Health Policy Institute — Dentist earnings & practice research
  2. ADA HPI — Net income of general practitioner dentists, 2023

About the author

Ian McGinnis

Founder & Financial Planner · Investment Adviser Representative · Series 63 & 65

Ian McGinnis is the founder of Dental Wealth Partners and a fee-only financial planner dedicated to dentists. As an investment adviser representative (Series 63 and 65), he built the firm to give dentists coordinated, fiduciary advice across their practice, taxes, investments, retirement plans, and long-term goals — the whole picture in one strategy. A graduate of Belhaven University, Ian previously worked at Davis Private Wealth, MML Investors Services, and Northwestern Mutual, and is based in the Jackson, Mississippi area. He is the author of The Wealthy Dentist and hosts the Smiles & Cents podcast.

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