Dental practices in England and Wales are facing record-high clawback payments this year. Clawback is a financial penalty that is imposed on practices that do not meet their contracted targets for Units of Dental Activity (UDAs).
The NHS clawback policy is designed to ensure that dental practices deliver the agreed level of care to patients. However, it can be a stressful and challenging time for practices that are facing clawback payments.
In 2023, clawback payments are expected to reach £100 million, up from £40 million in 2022. This is due to a number of factors, including the COVID-19 pandemic, which has led to a decrease in patient demand, and the rising cost of dental care.
If you are a dental practice that has received a clawback notification, you are not alone. There are many practices in the same situation. Snowbird Finance is a specialist finance broker for healthcare professionals and can help you fund any clawback that your practice receives.
We understand the challenges that dental practices are currently facing, and we are committed to helping you succeed. We can help you understand your options and find the best solution for your needs. We can also help you spread the cost of the clawback with fixed monthly repayments.
If you have received a clawback notification, please contact us today to discuss your funding options. We can help you take the stress out of clawback and focus on providing high-quality care to your patients.
Speak to our team of dental finance experts on 01932 874674 or email us to learn more about our clawback funding solutions for dental practices.