Finance for Practice Managers
Note that we do not run this course at Crow Trees. It is only available as a satellite course. The price is for up to sixteen students. Please register your interest for more information.
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If yes, full funding may be available on all of our courses except the Flu Update, and will be applied when you checkout.
Course Delivery & Duration
Course delivery will be a one day intensive learning experience with a pack containing course notes, PowerPoint presentations and key learning and development points.
Business Managers, Practice Managers, Finance Managers
A one day learning session covering current General Practice business issues from an accountant’s perspective. The intention will be to encourage practical debate and participation and to provide you with course slides and notes which contain sufficient detail to act as an aide memoir when these issues occur in practice.
The current trend in General Practice is toward larger practices which offer economies of scale. For independent General Practice Partnerships to survive some key questions need to be asked –
- Federating and independence, how should we federate and why, what are the nasty pension and VAT problems?
- to merge or not to merge – will we be better off, can we survive alone, contracts, profits, premises, staff OMG?
- Equitable Funding for PMS and loss of MPIG for GMS, where will we end up? – the next seven years, how to budget and forecast for falling profits, rising tax and pensions. Top tips to hold it all together.
- With all this change isn’t it about time we understood our accounts and used this understanding to help us cope?
- To improve and re enforce existing knowledge of partnership general practice finances and highlight new types of financial issues faced in corporate joint venture working, to include:
- • Capital and current accounts
- • Prior allocations of profit
- • Partners joining and leaving
- • Benchmarking
- • Minimising tax liabilities
- • Minimising pension costs
- • Future profitability and cash flow
- • Merging with other practices – different models and how to deal with profit
- • Federating