Why would you want to purchase new equipment or undertake refurbishment work at your dental practice at this moment in time?
The look and feel of your practice can have a big impact on your patients’ view of the service that they may receive, as soon as a client enters your premises, they are forming an opinion of your practice.
Enhance the Patient Experience
A modern practice with the latest equipment such as 3D Scanners and 3D Printers will enhance the patient experience and speed up the treatment times. Being able to show your clients x-rays while still in the chair and talk through the process will allow you to start introducing new, higher-end services into the practice.
Stay Ahead of the Competition
Staying ahead of local competition can make you stand out and give you a unique selling point. What better way to market your practice than by showing your newly refurbished surgery or the latest piece of technology that you have purchased that will improve upon the already high level of service that you offer?
Make Use of Space
You may have reached the maximum capacity within your surgeries and need to convert unused space into a treatment area or, due to the new restrictions, you need another room to maintain your existing activity levels.
The number of patients that you can see on a daily basis has an impact on your practice turnover and growth. If you can increase your patient appointments and the types of services that you offer it can have a real impact on the business profit margins.
Invest in your business
Investing in your business with items such as equipment can have a positive effect on patient perception, the services that you offer and ultimately the profits.
So how can you finance the equipment?
Asset finance is normally the preferred option. By using Asset Finance you can usually structure a facility over 3-5 years. This will assist you in managing business cash-flow and providing you with a regular monthly payment plan, instead of paying a large lump sum up front and perhaps putting pressure on your bank account.
Samera Finance are experienced healthcare brokers with a banking background. We have access to many asset finance providers. It’s always best to explore the market and see what is available rather than just approaching a single lender.
Action Points
- Upgrade Equipment: Invest in the latest dental technologies like 3D Scanners to improve patient experience and treatment efficiency.
- Compete Effectively: Stand out by refurbishing your practice and incorporating advanced technologies to offer unique services.
- Expand Services: Use available space to increase treatment areas, boosting patient capacity and service variety.
- Smart Financing: Utilize asset finance to manage costs effectively over time, maintaining healthy cash flow while expanding your practice’s capabilities.
Please contact us directly if you wish to explore your options:
| Dan Fearon | Nigel Crossman |
| Commercial Finance Broker 07718655245 Dan.fearon@samera.co.uk | Head of Finance 07715668267 Nigel.crossman@samera.co.uk |
Business Loans for Dentists
We’ve been helping to fund the future of the UK’s dentists for 20 years and our team are made up of former bankers with decades of experience and contacts in the UK’s healthcare lending sector.
You can find out more about working with Samera Finance and the financial services we offer by booking a free consultation with one of the Samera team at a time that suits you (including evenings) or by reading more about our financial services at the links below.
Dental Practice Finance: Further Information
For more information on raising finance for your dental practice, including more articles, videos and webinars check out our Learning Centre here, full of articles an webinars like our How to Guide on Financing a Dental Practice.
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