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Online event - Buying a dental practice

​A comprehensive guide to practice ownership

Buying a dental practice part 1 - Preparing yourself
ON-DEMAND NOW AVAILABLE 


Buying a dental practice part 2 - The legalities

ON-DEMAND NOW AVAILABLE


Buying a dental practice part 3 - Running a compliant practice

ON-DEMAND COMING SOON


Sponsored by:


Henry Schein MediEstatesHenry Schein Financial Services



With changes to the economic landscape, dental regulation and legal red tape, the practice purchase process has become progressively burdensome on buyers and sellers alike. It is increasingly important to prepare yourself in advance to reduce the stress and strain placed on you at the point of purchase and the first few months of ownership. 

 

Whether you are considering buying your own practice in the near or medium-term future, this three part online event will equip you with the tools to buy and run your own practice. 


You can book all three parts of the online event to gain a comprehensive guide to buying a dental practice, alternatively, you can book one or two of the events depending on your current needs.


Aim:

This online event provides participants with a comprehensive guide practice ownership.


Learning objectives:

  • Understand the process of buying a practice
  • Be able to write a business plan
  • Understand the legal process of buying a practice
  • Understand your obligations as an employer
  • Be able to navigate the regulatory steps you will need to take
  • Understand how to run a compliant practice
  • Explore the benefits of a quality assurance scheme

Learning content:

The three online events provide the participant with the tools needed to successfully navigate practice ownership. This is done through a series of seven online lectures.


​Programme - Preparing yourself

A guide to preparing to buy a dental practice
  • Understand who is who in the process
  • Understand the different types of practice and purchases
  • Obtain a checklist for the process.

Victoria Michell, Practice Management Consultant, BDA

Becoming a principal – buying & financing the purchase
  • Getting started – becoming a practice principal 
  • Understanding the current market
  • How COVID has impacted the current market and buying trends
  • How to write an affective business plan
  • Gain knowledge of the current rates from the banks

Phillip Barker, Director, MediEstates

Kimberley Parker, Business Manager, Henry Schein Financial Services


​Q&A with the speakers
  • A chance to ask both speakers questions.
Close of event

Programme - The legalities

The legalities relating to staff and associates when you buy a practice
  • Understand implications of the law relating to taking over employees
  • Learn strategies for taking over employees
  • Learn strategies for taking over self-empyed members of the dental team.

James Goldman, Associate Director of Advisory Services, BDA


Legal documents and the legal process of buying a practice
  • Understand the stages and purpose of the transaction
  • Ensure completion and post completion formalities are followed.
Victoria Michell, Practice Management Consultant, BDA

​Q&A with the speakers
  • A chance to ask both speakers questions. 
Close of event

Programme - Running a compliant practice

The CQC process and application - a necessary evil
  • Understand how to register your legal entity ie as a sole trader, a partnership; or a Ltd Co
  • Explore the possible need for a Registered Manager. 
  • Explain the different forms required
  • Provide some examples of the interview questions and possible answers.
Richard Harris, Head of Compliance, BDA
CQC inspections, compliance and health and safety
  • A guide to CQC inspections
  • How to run a compliant practice
  • Health and safety – what do you need to know?

Sarah Williams, Health and safety compliance advisor, BDA

Benefits of being part of a quality assurance scheme
  • Develop systems to enhance the efficiency of your practice
  • Build an engaged, knowledgeable team and improve communication
  • Focus on the patient experience to drive personal recommendation and create a loyal patient base
  • Promote your quality assurance efforts to new and existing patients with your membership of the Good Practice Scheme

Elisa Fisher, BDA Good Practice Assessor, BDA


​Q&A with the speakers
  • A chance to ask both speakers questions. 
Close of event

About the speakers

Elisa Fisher
Elisa Fisher
BDA Good Practice Assessor, BDA

Elisa has over 10 years' experience in dental nursing and practice management both in the UK and Australia. Her passion for creating the best possible patient journey and the importance of leadership and teamwork within the dental practice led her to take up the role in BDA Good Practice. As part of this team, Elisa provides feedback and guidance on the many policies and procedures within the practice and the ways in which these can be utilised and improved to maximise benefit for patients and the dental team.

James Goldman

​James Goldman
Associate Director of Advisory Services, BDA

James qualified as a barrister in 1994 and has worked as an in-house lawyer, in the retail, recruitment and public sectors. He has been at the BDA advising dentists since 2007. He has provided advice on a range of employment and commercial issues, has appeared in a number of tribunal cases, including on employment status of associates, and has lectured on a range of topics.  

Richard Harris

Richard Harris
Head of Compliance, BDA

Richard heads up the Team which advises members on CQC-related issues for England and is also involved in other regulatory set-ups in the rest of the UK, together with practice health and safety matters.

 

Now in his second stint at the BDA, Richard has nearly 25 years' experience of advising dentists on a variety of practice-based issues and has been involved with the developing CQC situation since 2010.


Phillip Barker

Director, MediEstates

 

Phillip joined MediHoldings in 2008 as a Director; responsible for all Marketing, re-brand and improvements to company advertising strategies. In 2012 Phillip took on Management of the Recruitment Division, during this time we changed the focus of our clients to the independent and small group market giving the business a 66% increase in turnover.

Victoria Michell

​Victoria Michell
Practice Management Consultant, BDA

Victoria is an advisor in the NHS, Business and General Practice advice team. She qualified as a solicitor in 2010 having trained in the City of London. She worked for the financial regulator before moving to the BDA and undertook a secondment representing clients buying and selling dental practices. 

Kimberley Parker.jpg

Kimberley Parker
Business Manager, Henry Schein Financial Services

Kimberley is the Business Manager of the Henry Schein Financial Services team. She has a wealth experience in financial services within the Dental Sector that has spanned a decade. This has been centered around arranging practice finance loans for the purchase of dental practices and arranging asset finance facilities for the purchase of Dental equipment and consumables.

Sarah Williams

Sarah Williams
Health and safety compliance advisor, BDA

Sarah is a Health and Safety Compliance Advisor at the BDA. Originally from a dental nursing background, Sarah has spent 20 years in dental practice in practice/clinical management roles which have seen her working on many compliance related matters. Sarah has also carried out the role of a CQC registered manager.



Fees - per online event

​BDA member
​£40
​Non member
​£60
​Dental Care Professional
​£20

The above fees apply to the online version of this event.

How to watch

In order to view the recording from this event, please ensure you are logged into the website and then you will be able to register for the session using the pink 'Register' button above (top right).


Once you have completed the registration process for the webcast you will receive an automated email containing the link through to view it on the iLearn platform.


Please note it can take a little while for details of new orders to pass between servers. If after receiving your confirmation email you have successfully logged in, but the lecture is not appearing on your iLearn profile, please do give it a few more minutes and refresh your browser if you still have it open. The new session will appear in the top left when it has made it over to your account.


If you are a BDA member but do not know your website log in, contact the Events team on 020 7563 4590 or events@bda.org.  Alternatively retrieve a password reminder.


If you are a non-member dentist or dental care professional and do not already have a BDA website login, please fill in this form and we'll set you up with a username and temporary password. Alternatively you can download the booking form and return it via email to events@bda.org or call the Events team on 020 7563 4590 and your order will be processed offline.


Should you experience any difficulties please contact the Events team on 020 7563 4590 or email events@bda.org


Thank you to our sponsor - MediEstates

Henry Schein MediEstates MediEstates

MediEstates is a family run business that has grown and developed alongside the dental industry and is now acknowledged as the largest specialist broker of Dental Practices in the UK. Our signature approach, personable yet highly driven, has seen us set the benchmark service standards within the sector. Selling your practice can be a difficult time, our expert advice is there to ease the process and inform you at every stage. Alongside our sister companies of MediCruit and MediFinancial we form the UK’s largest dental consultancy company and have the know-how to make your sale as effortless as we can.



CPD

Development Outcomes: B C and D

2 hours CPD per online event for part 1 and 2 and 1 hour 30 minutes CPD for part 3, with a maximum of 5 hours 30 minutes.


A CPD certificate (in the name of the purchaser) will be available to download once viewing of this online lecture has been completed.







​Further information

Should you have any questions regarding this online event please email the team: events@bda.org