KNUTSFORD, UK: The cost of running a dental practice in England and Wales has increased within the last 12 months. In a recent survey carried out by the Knutsford-based Forum of Private Business for Frank Taylor and Associates, an independent dental practice valuer and sales agent to the dental profession, 93 per cent of respondents stated that they had to deal with rising practice costs.
As reported by dentistry.co.uk, the main costs were energy, staffing and material. More than 90 per cent of surveyed practices said that the price of both materials and energy had gone up. Eighty-three per cent claimed that staffing costs had also increased.
Additionally, dentists are likely faced with higher insurance costs, which 98 per cent thought had either stayed the same or even risen, and the cost of raising finance, which 77 per cent of respondents also believed to have remained the same or increased.
“Overall,” dentistry.co.uk reported, “dental practices seem to be paying a little over the average to do business—10.6 as a cost of doing business versus 8.5 per cent for small businesses generally.”
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