LONDON, UK: New figures presented by the National Association of Specialist Dental Accountants and Lawyers (NASDAL) on Tuesday have shown profits widening between mixed practices and practices that solely focus on NHS or private work. On average, mixed practices lag behind by nearly £10,000 compared with their NHS or private counterparts, which according to the organisation is a significant but not huge gap.
Practices in the UK overall saw net profits rising last year, with larger practices coming out tops with £143,446 per principal, compared with £138,511 in 2016. Profits of practices without associates by contrast only increased slightly, from £105,914 to £107,896 per principal.
Private and NHS practices performed equally well, with an increase in profits of almost 5[S1] per cent, NASDAL said.
“It may be controversial to say but might the gap be explained by NHS practices maximising profits by concentrating on NHS dentistry with a low-cost base and private practices maximis
ing profits by offering higher value treatments, whereas, mixed practices could be left offering private dentistry at nearer to NHS prices and therefore seeing lower profits?” asked Ian Simpson, a chartered accountant and partner in Humphrey and Co., which carries out the statistical exercise.“Perhaps mixed practices fall into the all too common business trap of losing focus and not being entirely clear on who they are and what they deliver to their patients,” he suggested.
The figures were taken from NASDAL’s latest annual Benchmarking Report, which was based on 2017 tax returns and accounts with year-ends up to 5 April 201.
LONDON, UK: For the first time in over a decade, private dental practices in the UK have achieved greater profits last year than their NHS counterparts. On ...
LONDON, UK: Friday’s announcement by the Department of Health that NHS dental fees will be increased in the upcoming and the following year has ...
LONDON, UK: The recently released NASDAL Benchmarking Report for 2017–18 shows that there has been a decrease of 3 per cent in net profits for a typical ...
LONDON, UK: A newly released report on the high street dental segment in the UK has reignited concerns regarding a lack of funding for NHS dental services. ...
LONDON, UK: Throughout their pregnancy and for the first year after giving birth, mothers in the UK are entitled to free dental care through the National ...
KESWICK, UK: Despite potential reform and uncertainty in the field of public dentistry, NHS practice sales as a percentage of goodwill are further on the ...
LONDON, UK: The average value of dental practices that offer care to NHS patients increased in the three-month period ended 30 April, bucking a downward ...
LONDON, UK: The latest quarterly report by the National Association of Specialist Dental Accountants and Lawyers (NASDAL) indicates that the average ...
LONDON, UK: In many parts of the world, growing inflationary pressures are causing the cost of living to increase sharply. To help remedy this stress, the ...
COPENHAGEN, Denmark: As the realm of digital dentistry continues to evolve, offering unprecedented opportunities for enhanced patient care and practice ...
Live webinar
Fri. 19 July 2024
1:00 am UTC (London)
Live webinar
Tue. 6 August 2024
11:00 pm UTC (London)
Live webinar
Wed. 14 August 2024
12:00 am UTC (London)
Live webinar
Wed. 21 August 2024
2:00 pm UTC (London)
Dr. Jim Lai DMD, MSc(Perio), EdD, FRCD(C)
Live webinar
Thu. 29 August 2024
1:00 am UTC (London)
Live webinar
Mon. 2 September 2024
10:00 am UTC (London)
Live webinar
Tue. 3 September 2024
4:00 pm UTC (London)
To post a reply please login or register