What does the Autumn budget mean for my practice: Futureproof your practice with Dentally

As dental professionals, steering your practice successfully through the waves of uncertainty demands tools and support that offer both stability and adaptability. At Dentally we are here to help future proof your practice so you can feel rest assured that you will be fully equipped to not only tackle but thrive amidst industry changes. 

Let’s take a closer look at how recent events are affecting the dental industry and how Dentally is continuing to support practices: 

Addressing the Implications of Employers' National Insurance Increase 

The recent update to employers' National Insurance Contributions has presented a direct cost increase to dental practices across the UK, with this comes the opportunity for strategic financial planning to offset additional expenses with new avenues of revenue generation. 

As revealed in our recent survey, 26% of practices are already pivoting towards growth with a key focus on private revenue/hourly rate. This strategic shift suggests pathways like attracting new patients or offering high-value treatments, both of which can be achieved with Dentally’s innovative, cloud-based solutions: 

• Online Booking for Patients: Make it easy for new and existing patients to book appointments at their convenience. A hassle-free booking experience can be the deciding factor for patients choosing your practice.

• Automated Patient Reminders: Minimise no-shows and cancellations. Our automated reminder system keeps your patients engaged and ensures they turn up, helping you maintain a steady flow of income. 

• Patient Feedback System: Implement our patient feedback tool, Working Feedback, to understand your patients' needs better and adjust your services accordingly. Happy patients are more likely to invest in higher-value treatments and recommend your practice. 

• Powerful reporting: Gives you access to digestible insights that help you identify revenue opportunities, fast e.g. Lapsed Patient Report or the Patients Report to identify patients that have previously had high value treatments. 

The Opportunity Amidst Minimum Wage Increase 

The rise in minimum wage undoubtably will have an immediate impact of increased outlay amongst practices. However, as well as the opportunity to focus on areas of growth as mentioned above - this shift also has the potential to attract a diverse and driven workforce to the dental sector and strengthen practice teams. 

Dentally aims to seamlessly integrate with your practice, ensuring that new team members can easily adapt and contribute effectively from day one. Our platform fosters real-time collaboration and productivity, regardless of geographical constraints, highlighting the possibilities enabled by cloud technology. 

Leveraging Capped Bus Fares for Enhanced Accessibility 

Although an initial increase, ongoing inflation should mean that the new bus fare cap should serve to help both patients and dental teams save money on fares when travelling to your practice - reducing barriers to healthcare and facilitating easier access to dental practices for both staff and patients. 

Navigating Through Change with Confidence 

The financial landscape for dental practices is complex and ever-evolving. However, with Dentally, facing these challenges becomes an opportunity for innovation and growth. Our cloud-based dental software is designed to increase efficiency, open new revenue avenues, and support the growth of your practice, whatever your goals or current challenges. 

Would you like to speak to a member of the team about how we can support your practice? Reach out today!