Practice Plan and DPAS to give back half of their admin fee to practices in April and May
The Practice Plan Group, which includes two of the UK’s leading membership plan providers, Practice Plan and DPAS, has announced that in April and May, it will give back half of its monthly admin fee to client practices helping them with cashflow throughout the COVID-19 crisis.
The move represents a significant investment on behalf of the group. It is part of a wider range of ongoing support measures introduced to help practice owners withstand the strain that the crisis is putting on their businesses.
Working in partnership
Group sales and marketing director, Nigel Jones, explains: ‘Many of our clients with well-populated membership plans are already seeing the smoothing benefits of regular payments coming into their practice throughout this crisis. But that doesn’t solve the whole problem. Cash flow is still a critical issue for many in their struggle to get through this difficult period.
‘So, with the full support of our parent company, Wesleyan, we are delighted to say that we will be giving back half of our admin fee for the next two months. All at a time when, it appears, many practices have fallen through the cracks of the government’s support for small businesses and the self-employed.
‘We are also providing practices with advice, guidance and support via our dedicated support managers, regularly updated online resources (covid.practiceplangroup.co.uk) and an ever-expanding programme of webinars, covering topics such as employment law, mental health and practice finances.
‘At the Practice Plan Group our approach has always been about working in partnership with our clients for the long-term. That philosophy has never been more important. By working in partnership, we can significantly boost our collective chances of a positive outcome.’
Practices do not need to do anything in order to receive the additional funds. They will be paid into their accounts automatically on their normal payment date.