Whether you’re an NHS or private practice, a principal or associate, our specialist teams understand the unique concerns of your industry. We are ready to support you and your dental practice with expert financial and strategic advice, leaving you free to concentrate on the things that really matter to your patients.
Continued pressures on NHS funding and labour supply shortages are likely to create difficulties for many NHS dental service providers in the foreseeable future. For private dentistry practices, continued economic uncertainty, inflation, and less disposable income may mean fewer patients choose to have private dentistry treatment.
Despite the challenges facing dental practices, ongoing technological developments present opportunities for growth regarding cosmetic dental procedures. We are proud to offer specialist, in-depth experience of key sectors where market conditions demand specific expertise, so you can be assured the advice we give you is appropriate and effective, even in the most difficult or complex practice environments.
Informing, developing, and supporting your practice
We’re here to help you comply with relevant legislation, and guide you through the opportunities open to you. We’ve been working with dental practices, principals, and associates for many years, and offer a fully integrated service that considers both your business and your personal goals.
“Price Bailey changed the way we run the business side of our practice and allowed us to concentrate more on the clinical aspects of modern dentistry.
Their dental knowledge is incredibly thorough, meaning that they know all the issues the clinic team face. The fact that some members of Price Bailey have worked in dental clinics in the past, means that the Enhance team find it easy to contact them and discuss specific issues.”
Dr Lau Berraondo, Clinical Director
Enhance Dental Practice
We understand the challenges for:
Dental practice owners:
Owning a dentist practice is fraught with financial and strategic pressures. It is hard to ignore the pressures in the dental industry now as practices are under such scrutiny due to patient demands associated with the declining number of NHS dentists. In the 2022/23 financial year, the NHS reported that only 23,577 dentists were involved in NHS work whereas the year before 24,272 were.
Should this trend continue, the choices every individual practice owner makes will be more crucial than ever. Our financial and business advice service can guide you through taking the best course of action, as well as addressing issues of compliance, VAT, bookkeeping, payroll.
Dental associates:
Moving through your career as a dentist, we are here to support you and any new changes. Whether it be practice planning, tax planning, bookkeeping. We can relieve the financial pressures and ensure financial accuracy. Ultimately, by choosing the right professional advice, you can ensure your focus is where it needs to be.
For newly qualified dentists/ foundation dentists:
Income, tax and pensions can be daunting at first. The transition from newly qualified to potentially self-employed comes with the associated changes surrounding pensions, book keeping, year-end accounts.
Why Price Bailey are the right choice to support those in the dental industry?
We are proud to offer specialist, in-depth experience of key sectors where market conditions demand specific expertise, so you can be assured the advice we give you is appropriate and effective, even in the most difficult or complex practice environments.
We can advise our clients on matters such as:
We also provide a comprehensive range of services to individuals including, personal tax advice, financial modelling, and investment management. As well as our expert insight on our content hub.