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NOMINEES | STRONG AND SUSTAINABLE PERFORMANCE<br />
NOMINEES | STRONG AND SUSTAINABLE PERFORMANCE<br />
<strong>Bupa</strong> Optical<br />
Karen Makin<br />
Ovidiu Chiuariu<br />
Sue Cashen<br />
Ali Tyson<br />
Creation of a private labelling offering<br />
The Visual family of contact lenses was created in<br />
response to the need for a quality product at an<br />
affordable and competitive price, available only from<br />
<strong>Bupa</strong> Optical stores or <strong>Bupa</strong> online. The aim was to<br />
fill a gap in the <strong>Bupa</strong> Optical product portfolio, create<br />
a recurring revenue stream and improve profitability.<br />
The range delivered embodies the latest in contact<br />
lens technology, exceeds the optical requirements<br />
of more than 90% of lens wearers, and is exclusive to<br />
<strong>Bupa</strong>.<br />
The Australian contact lens market has a low<br />
penetration by global standards. Contact lenses<br />
account for 20+% of eyewear sales globally, but only<br />
6-7% in Australia. <strong>Bupa</strong> Optical outperforms the<br />
national average with contact lenses accounting for<br />
10-12% of eyewear sales.<br />
Visual contact lenses were launched with a campaign<br />
in October 2016. Within two months Visual had<br />
become the highest-selling contact lens for <strong>Bupa</strong><br />
Optical, with sales continuing to strengthen. In<br />
November 2016, Visual accounted for 6.5% of contact<br />
lens sales and in March <strong>2017</strong> this figure has climbed to<br />
14.5%. It is forecast that by December <strong>2017</strong> Visual will<br />
account for 20% of contact lens sales.<br />
<strong>Bupa</strong> Dental<br />
Lucy Vadasz<br />
Wendy Fairhead<br />
Jo Kelton<br />
Health Services - Rollout of <strong>Bupa</strong> Dental<br />
In the first 12 months’ post-rebranding, <strong>Bupa</strong> Dental<br />
practices have achieved an average 33% increase in<br />
monthly revenue and an average 20% increase in monthly<br />
EBIT. On average, the practices that were rebranded had<br />
an increase of 95% in new patient numbers. The practices<br />
have been working closely with our Optical, GP and Health<br />
Insurance businesses to offer the benefit of One <strong>Bupa</strong> to<br />
our customer.<br />
The speed of delivery has been noteworthy with the<br />
building/rebranding of 28 <strong>Bupa</strong> Dental sites in 2016<br />
bringing the total in under two years to 37 Dental Clinics<br />
at the end of 2016. The rollout was greater than one per<br />
fortnight, comprising negotiations, build/fitout, practice<br />
engagement, employee change management, marketing,<br />
safety and compliance, as well as system/operational<br />
changes.<br />
<strong>Bupa</strong> Dental clinics are now open in QLD, SA, NSW, VIC and<br />
TAS, with plans to continue the geographic spread through<br />
the duration of <strong>2017</strong> and beyond.<br />
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