New dental partnership model launched
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- Published: Monday, 16 May 2011 08:03
- Written by News Editor
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| The business structures in dentistry need to change according to Baxi Partnership Healthcare, which will launch its new partnership model at the BDA Conference in Manchester on May 20. Simon Gallier, dentist and driving force behind this new venture has given GDPUK an exclusive preview into this new venture.
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‘Honesty, integrity and professionalism will become our mantra’, Simon told GDPUK. The problems associated with the need to register with the Care Quality Commission have highlighted concerns of dentists about coping with increasing red tape and bureaucracy. The partnership model will deal with these on behalf of all practices in the partnership. BPH will be fully supported and funded by Baxi Partnership www.baxipartnershiphealthcare.co.uk
The aim of the BPH model is to develop a new model for delivery of dental care appropriate for future decades. It will build on some of the benefits of the corporate model. These benefits are the potential economies of scale and scope which can be enjoyed and the business benefits from creating and developing a brand name. Economies of scale are achieved when costs per unit of output fall, which then would lead to higher operating margins. They can be experienced at practice level by operating on a large scale and at organisational level by centrally managing and supporting a network of dental practices.BPH will be buying existing profitable practices where the principal dentist will be remaining in the business; the practices will always be held in trust for the staff and never sold. Initially, minimal changes to existing working practices will be made where the practice fits the minimum standards required by BPH. A fundamental business review will be undertaken to assess where performance improvements can be achieved. This review will highlight which of the areas below need to be emphasised within each individual practice.
Following the theme that will apply to all trading subsidiaries and directly in accordance with the Baxi Partnership Trusts Act 2000, the employees will be eligible to participate in any of the share schemes operated by BPL and in particular will be eligible to participate in the BPL Share Incentive Plan (SIP).
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