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A&NZ Bupa Awards Nominees 2017

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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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