Capitation schemes can be a valuable and reliable revenue source for dental practices from private patients who wish to spread the cost of their dental treatment, rather than making payment in full each time they visit your practice. It is an alternative to taking out costly dental insurance.
However, capitation schemes are beneficial to your practice and business, only when managed correctly. These schemes do carry some risks, which can become particularly keen if you your dental practice does not employ the most effective means of monitoring, recording and management of the payment plans.
It is therefore crucial that, before engaging such a scheme at your practice, that you are fully aware and informed of the positive and negative implications they may have on your business.
It is also important to have a good understanding of how a dental capitation scheme operates if you are considering buying a dental practice which operates such a payment plan.
Whether you are buying a dental practice, selling a dental practice or are simply considering signing up to a capitation scheme for your existing practice, our team of specialist dental solicitors at Ironmonger Curtis can help. Our expert dental lawyers are experienced in providing dentists with advice on the benefits and pitfalls that capitation schemes may have for your dental practice and your business.