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Dentists’ profi ts reduced or static in 09/10, says NASDA


T


HE net profi ts of denti sts in the fi nancial year 09/10 were either reduced or


stati c compared to the previous year, according to the annual stati sti cs released by the Nati onal Associati on of Specialist Dental Accountants (NASDA). When the results for 09/10 of all the practi ces were combined, there was a relati vely small increase in fee income – from £379,054 to £390,072. However, increases in materials and staff costs resulted in an overall reducti on in net profi t, from £141,835 to £139,569. For practi ces that were at least 80 per cent NHS, the equivalent fi gures were: turnover down from £399,482 to £381,036 and profi t down from £161,305 to £147,804. Associate income was reduced


on average by £2,000. However, practi ces with associates were sti ll generally more profi table. The average net profi t for a practi ce


with associates was £148,408 while for one without associates, it was £118,992. In the previous fi nancial year 08/09, private practi ce very defi nitely suff ered from the recession; while in 09/10, the fortunes of private practi ti oners were not vastly improved, there was an increase in fee income – from £358,717 to £364,924. Due to increased costs across the


board, such as laboratory costs, materials and wages, this resulted in a small reducti on in net profi t, from £130,621 to £126,390, or from 36.4 per cent to 34.6 per cent. The fact that the decrease was not greater could be ascribed to increased use of hygienists from 2.9% to 3.5% and a reducti on in bank interest charges which were reduced from 2.1% to 1.4%. UDA rates conti nued to be variable with the lowest paid to a practi ce being £17.26 and the highest £41.63.


The stati sti cs show a signifi cant drop of £18,446 in fee income for NHS practi ces. There are a number of explanati ons for this, principally the delayed eff ect of clawback being implemented. This year’s report was produced


from a sample populati on of 600 practi ces and 500 associates. Nick Ledingham, chairman of NASDA, said the stati sti cs are a “comprehensive independent benchmarking exercise” against which denti sts can compare their performance. “As they are based on accounts rather than tax returns and include private practi ce,” he added, “they are considerably more detailed than other fi gures.”


Goodwill and practice sales The latest results from the NASDA quarterly survey of valuati ons and deals for the quarter ending in Continued on page 4


Call to address NI dental problems N


ORTHERN Ireland goes to the polls to elect a new Assembly on 5th May.


The Briti sh Dental Associati on in Northern Ireland has launched its manifesto Bett er Smiles, calling on those elected to help denti sts tackle oral health inequaliti es and improve the ailing oral health of the people. Launching the manifesto,


Claudett e Christi e, BDA director, said: “The new Assembly needs to address the problem of persistent oral health inequaliti es in our populati on by recognising the issues that lie behind it and investi ng in the future.”


The Associati on calls for funding, planning and meaningful engagement with the profession to achieve these goals. The BDA manifesto says that


the new Assembly must conti nue progress towards a new dental contract, working constructi vely with denti sts to put in place arrangements focused on preventi on


and high-quality care. Stressing the importance of


proporti onate regulati on that genuinely helps to protect pati ents, the manifesto also calls for the new Assembly to reduce bureaucracy and free denti stry from unnecessary red tape. Denti sts in Northern Ireland


are being left in the dark about compulsory registrati on with the Regulati on and Quality Improvement Authority (RQIA), the BDA has also warned. Registrati on of dental practi ces with RQIA will commence from 1st April, yet the regulatory body has failed to provide any writt en communicati on directly to practi ces, detailing the process and requirements of registrati on, or the ti meline for registering. Peter Crooks, chair of the Northern Ireland Dental Practi ce Committ ee, commented: “RQIA expects denti sts to comply with unpublished deadlines, without providing guidance on the key


informati on denti sts need to know. Far more must be done by RQIA to communicate with the dental profession to enable dental practi ces to understand the requirements of the legislati on, and how to demonstrate compliance.” He also warned: “The additi onal administrati on necessary to meet this new and costly regulatory burden will involve ti me away from treati ng pati ents. For this reason, practi ces need to be given adequate noti ce to enable them to prioriti se pati ent care and comply with the requirements.”


The Dentistry Show ...page 30


REPORT Vol. 49, No. 4 APRIL 2011


INSIDE THIS ISSUE CLINICAL


Management of obstructive salivary gland disease ...page 14


Deliver great customer experiences...page 18


PRACTICE


Dental Imaging – X-rays and Magnifi cation...page 20


FOCUS


Last chance to enter! Closing date is 29th April and it’s free!


See full details of the finals event in this issue... www.dental-practice.org


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