FRANCHISEFOCUS IN V ESTMENT: FROM £9,200 Practice makes perfect
Making health insurance simple, Healthcare Practice allows you to grow an ethical and successful business
H
ealth insurance can be confusing, but the Healthcare Practice thinks it should be simple. Healthcare
partners provide their local communities with access to the sort of healthcare that people would want for themselves and their families.
About the Healthcare Practice The Healthcare Practice has a team of healthcare partners (franchisees), who work across the UK selling, advising on and promoting Western Provident Association (WPA) private health insurance products. WPA is a specialist health insurer with a heritage of more than 115 years, offering a choice of health insurance products to suit a variety of needs. This includes comprehensive health insurance plans and cash plans both for companies and individuals.
"Healthcare Practice is always looking for ways to develop, whether it's fine- tuning processes or adopting new support mechanisms, it’s a really exciting brand to be part of"
Healthcare partners not only sell and promote WPA's health insurance products but also actively maintain customer relationships with regular contact. Based from home, and with no need for stock, premises or staff, partners generate new opportunities within their area through networking, contacts and introducers. They use their expertise to manage their customer portfolio while growing an ethical and successful business.
p Neil Inglis
Healthcare Practice support The Healthcare Practice believes its success starts with yours. That’s why each new partner receives a unique launch package, together with world-class training and support, giving you and your business the best possible start. Key features of the launch package include: Ÿ £15,000 launch pad fund (if you take on a franchise with no existing client base)
Ÿ Mentor for two years Ÿ £3,000 marketing budget to help you promote your practice
Ÿ Ongoing membership to the Chartered Insurance Institute
Ÿ Enhanced remuneration on individual healthcare policies sold within the first two years of your business
Ÿ Ongoing compliance, product and IT support.
Who becomes a partner? Healthcare partners come from various backgrounds and walks of life. They all,
however, must be willing to work hard and have determination to succeed. Neil Inglis, healthcare partner in Glasgow,
was a retired goalkeeper working for the Professional Footballers’ Association Scotland when he came across the Healthcare Practice franchise opportunity through an existing partner. Neil elaborates on the story of becoming
a franchisee: “As I was going through the due diligence process and looking into the finer details of the Healthcare Practice franchise model, I started to think that it could be a good opportunity for me.” Neil decided the time was right for
him to invest in the Glasgow territory in November 2005. Over the past 13 years, with the ongoing support of both head office and the wider franchise network, Neil has built up his business from a blank slate to more than 1,000 clients with a retention rate of over 90 per cent. He uses his experience to provide support to new and existing franchisees within his region. “Healthcare Practice is always looking
for ways to develop. Whether it’s fine- tuning processes and systems or adopting new support mechanisms to empower franchisees to grow, it’s a brand that’s really exciting to be part of.” Neil advises that prospective franchisees should do their research, making sure that the opportunity is one that they are willing to go into wholeheartedly. For those with the passion and determination to run your own business, taking on a Healthcare Practice franchise makes perfect sense. l
CONTACT Healthcare Practice Health insurance 01823 625 120
healthcarepractice.co.uk healthcarepractice@hcp-plc.org.uk
BUSINESSFRANCHISE.COM 99
Investment level: Under £10k
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