Building practice value (WEBINAR RECORDING)
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WEBINAR RECORDING
Maintaining and building practice value in tough times
A recording of a webinar that took place on Thursday 3 November 2022
*This webinar is complimentary to the whole dental team*
Sponsored by
Aim
With higher interest rates here to stay, high inflation and a volatile pound, discover how this will affect dental practice valuations and transactions going forward, and understand how can this be mitigated.
Learning objectives
- An overview of the business and personal taxes involved in dental practice transactions
- Discuss the key considerations when considering whether to continue with providing NHS treatment
- Review how rising interest rates will likely impact practice valuation and how long this is likely to impact for.
Learning content
A recording of a one-hour panel discussion which offered live attendees the chance to submit questions.
Speakers
| Bill CarrFinancial Consultant, Dental Elite Bill has been immersed within the dental sector for 30+ years starting out at the prestigious NatWest St James’s Dental Unit. He has dealt with all forms of dentistry and has a full understanding of the day to day running of a surgery, specialist practitioners and their financial requirements.
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| Janice Charlton Head of Business Development, Patient Plan Direct
Janice has worked in dentistry for over 30 years, across a multitude of roles – she started her dentistry career as a dental nurse, progressing to become a therapist.
Fast forward a few years later and Janice managed and co-owned a busy NHS practice. In 1991 the practice was one of the first in the UK to convert to private by introducing a payment plan. Shortly after the practices successful NHS to private conversion, Janice joined one of the major plan providers and worked across several roles as part of the team that shaped and developed the process of supporting other practices with conversions.
Over the course of the next two decades, Janice worked with several other plan providers, before joining the Patient Plan Direct (PPD) team in 2015 where she has progressed to be Head of Business Development. She now supports practices with NHS conversions as well as helping practices to make huge cost savings by switching from other major providers to take advantage of PPD’s low admin fees – a process which is now easier than ever before thanks to ‘Simple Switch’.
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| Vanessa Grant
Senior, Lovewell Blake
Vanessa is a Senior in the Great Yarmouth office and work within their specialist healthcare sector. She has worked with the team for 11 years, which has enabled her to build knowledge in multiple areas within this sector, majority being dentistry.
She prepares practice accounts and tax returns for both self-employed and corporate clients. She assists the partners in leading clients through practice purchases and sales. She also provides guidance to practice managers and owners with regards to the annual reconciliation reporting process and rates reimbursement claims.
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| Phil Kolodynski Associate Director, Dental Elite Phil has been with Dental Elite for five years having started as a practice consultant and becoming a director in 2021. Over the last five years Phil has been involved in hundreds of independent sales to both individual and corporate buyers as well as selling a number of groups.
Previously, Phil worked in the pharmaceutical industry as the Nation Sales Manager for a leading generic drug manufacturer meaning he has over 10 years experience within the healthcare market.
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| Lisa McCusker Recruitment Team Leader, Dental Elite
Lisa joined Dental Elite in September 2015 and now leads the Dental Recruitment team after working as a Recruitment Consultant and Senior Recruitment consultant. She also heads up the locum desk and works with practices nationwide to find solutions for their locum requirements.
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| Julie Randle
Senior Practice Consultant, Dental Elite Julie has worked within dentistry for over 30 years and has gained a vast wealth of knowledge through dental practice management, development and improvement. During her time in the industry and through the direct involvement in the successful management and growth of a multi-million-pound practice, she has always strived for excellence and been passionate in helping others to achieve their personal goals working with likeminded dentists and their teams to help grow a successful business.
Having built numerous close relationships whilst working in the dental industry, Julie has seen close friends start to plan for exit for a variety of reasons which sparked an interest in this field of expertise and led her to Dental Elite. She is now helping dental professionals wishing to increase growth potential now or prior to sale.
She is successfully working with principals to help them continue to grow their practices as they plan for exit now or in the future and assisting principals in key areas to help maximise income streams through diversity by understanding core business costs and reviewing these against benching marking average statistics.. |
CPD
| 1 hour CPD A CPD certificate (in the name of the purchaser) will be available to download once viewing of this online lecture has been completed. |
About the sponsor - Dental Elite
| Dental Elite is a dental consultancy delivering Elite Business Services in a personal way. They are aiming for extraordinary results, specialising in dental practice valuations and brokerage services, dental recruitment and dental practice finance services.
The team use the elite difference to set their service ahead of the competition, guiding all their clients through the next step in their careers – be that job-hunting, buying or selling. They are there to provide all the bespoke advice you need at a time to suit you and, often, do so on a no result, no fee basis. What’s more, as one of the two busiest dental agents in the UK and Ireland, the Dental Elite team come from a position of knowledge with unrivalled awareness of what is going on in the dental market right now.
They have weathered contract changes, challenging corporate acquisitions and a market that has experienced exponential growth in the last fifteen years. So, whatever your next step looks like, the Dental Elite team is here to help.
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How to watch
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Closed captions
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Further assistance
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