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The Healthcare Practice Plc is a wholly owned subsidiary of WPA who are one of the UK's most respected health insurers. Healthcare Practice Partners advise on WPA’s products and services.
Investment Amount:
£0 - £10,000 £10,001 - £20,000
Industry Sector(s):
B2B Franchises, Home Based Franchises, White Collar Franchises
Profile
Case Studies
News & PR
Resales
Just Health Insurance. No Distractions.
Health insurance can be confusing, but the Healthcare Practice think it should be simple. Healthcare Partners provide their local communities with access to the sort of Healthcare that we want for ourselves and our families.
About The Healthcare Practice
The Healthcare Practice Plc have a team of Healthcare Partners (franchisees) who work across the UK selling, advising and promoting Western Provident Association (WPA) private health insurance products.
WPA are a specialist health insurer with a heritage of over 115 years, offering a choice of health insurance products to suit a variety of needs. This includes comprehensive health insurance plans and cash plans for both companies and individuals.
Healthcare Partners not only sell and promote WPA's health insurance products but actively maintain customer relationships with regular contact. Based from home, and with no need for stock or staff, Partners generate new opportunities within their area through networking, contacts, and introducers. They use their expertise to manage their customer portfolio whilst growing an ethical and successful business.
The Offering
The Healthcare Practice believe their success starts with yours, that’s why each new Partner receives a unique launch package, together with world-class training and support, giving you and your business the best possible start.
Key features of the Launch Package include:
£33,000 guaranteed fee scheme (If you take on a new Healthcare Practice with no existing client base, you will be eligible for the Guaranteed Fee Scheme. The fund is designed to assist you throughout the challenging first two years of your business. You will receive £22,000 in your first year and £11,000 in your second year, subject to reaching the business plan targets.)
£3,000 marketing budget – to help you promote your practice
A local mentor for 2 years
Ongoing membership to the Chartered Insurance Institute
Ongoing compliance, product, and IT training and support
Available Territories
Established Practices:
• Bristol East • Liverpool • Southend-on-Sea • Tunbridge Wells
Target Vacant Territories:
• Bournemouth • Southampton • Wetherby
Lists are not exhaustive, please get in contact for more information.
The Investment
As part of the WPA Group, a not-for-profit organisation, the Healthcare Practice don't seek to make a profit. This approach is reflected in the low investment fee to become a Healthcare Partner. There are no monthly management service fees to pay and no cost to renew your Practice.
A one off investment of £9,200 (inclusive of VAT)
Your commitment to 'Treating Customers Fairly'.
A returnable fidelity bond of £2,500.
A 5 year business plan - to help you realise your ambitions.
Drive and ambition - vital elements to making your business succeed.
Case Studies
Stephen McGarry – Planning for the long-term
It’s the personal touch which is so important for WPA Healthcare Partner Stephen McGarry. And his customers – who remain loyal to him year after year – agree.
Stephen, 47, became a WPA Healthcare Partner in 2011 after spending more than a quarter of a century working for a big general insurer and a major bank’s assurance company.
What propelled Stephen towards WPA, one of the UK’s leading medical insurers, was a desire to be self-employed - and to work for a different kind of company, one that isn’t focussed on profit. "I wanted to work for myself rather than for shareholders. Because WPA is a not-for-profit organisation you know that the customer is the centre of all that WPA does – and that’s what is important for me too."
And he wanted the backing of a supportive company framework. As well as a training course when he first joined WPA, Stephen points out that for the first two years, he had a mentor who he could turn to for advice. Indeed, his mentor was always at the end of the telephone and visited regularly.
“Everyone at WPA wants new Partners to succeed. To have the comfort of knowing there’s always someone who has had similar challenges to bounce ideas off was invaluable” Stephen added.
Stephen’s customers range from individuals and families to business owners large and small and, for him, it is particularly important that he meets all of his customers face to face – and that’s what makes WPA different from other organisations. “From my experience, keeping in touch is really important. My customers like to meet me regularly to discuss and review their health insurance needs and I think that’s what makes our service stand out from other insurers.”
He adds, "I am not just a sales person but the local face of WPA. Keeping customers is as important as winning them. With a retention rate in excess of 95pc, my experience is that if you look after your customers then they look after you. If they have any queries, I am always their first point of contact. Better still, my business is growing primarily through the recommendation of customers."
For Stephen, working as a WPA Healthcare Partner also means he has a better work-life balance than he had with his previous employers. "I have plenty of flexibility working for WPA. I’ve got a 20 month old son and I can tailor my work around him so I can spend plenty of time seeing him grow."
And Stephen’s thoughts are never far from his little boy. "When I became a WPA Healthcare Partner, my plan was to build the business up for ten or 15 years, sell on and retire with my wife. That’s lengthened a bit since my son arrived. Now my plan is to build up my business so that when he is older, there will be a business for him to take on."
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WPA is one of the UK’s most established and trusted health insurers. They advise the self-employed, professionals and SME’s on the WPA products and services best suited to them. As a Healthcare Partner, you will be expected to provide exemplary customer service levels locally, backed up by award winning Head Office support.
Bristol East– Selling price: please enquire for pricing
Transitional support is available if required from the existing Healthcare Partner (franchisee). Plus potential retention of WPA Healthcare Partner (franchisee) as Account Manager/Consultant for up to a year as required. On top of this you would have all the 1st-class help and support from the team at head office.
With more than 80 WPA Healthcare Partners across the UK and FULL membership with the British Franchise Association, WPA Healthcare Practice know how to support the people who buy into their business.
Liverpool – Selling price: please enquire for pricing
Transitional support is available if required from the existing Healthcare Partner (franchisee). Plus potential retention of WPA Healthcare Partner (franchisee) as Account Manager/Consultant for up to a year as required. On top of this you would have all the 1st-class help and support from the team at head office.
With more than 80 WPA Healthcare Partners across the UK and FULL membership with the British Franchise Association, WPA Healthcare Practice know how to support the people who buy into their business.
Southend-on-Sea - Selling price: please enquire for pricing
Transitional support is available if required from the existing Healthcare Partner (franchisee). Plus potential retention of WPA Healthcare Partner (franchisee) as Account Manager/Consultant for up to a year as required. On top of this you would have all the 1st-class help and support from the team at head office.
With more than 80 WPA Healthcare Partners across the UK and FULL membership with the British Franchise Association, WPA Healthcare Practice know how to support the people who buy into their business.
Tunbridge Wells - Selling price: please enquire for pricing
Transitional support is available if required from the existing Healthcare Partner (franchisee). Plus potential retention of WPA Healthcare Partner (franchisee) as Account Manager/Consultant for up to a year as required. On top of this you would have all the 1st-class help and support from the team at head office.
With more than 80 WPA Healthcare Partners across the UK and FULL membership with the British Franchise Association, WPA Healthcare Practice know how to support the people who buy into their business.
