As April looms, practices are facing yet another squeeze on their finances; the National Living Wage (NLW) hike will come into effect soon. The 9.8% rise from £10.42 to £11.44 per hour, for anyone aged 21 and over, may not sound a lot, but as an ongoing extra cost, managers are sure to feel the…

It’s that time of year again, when we start chasing those elusive last points – calling patients who haven’t responded to invitations or exploring exception reporting as a last resort. To help you along with achieving your maximum potential, here’s a useful little A-Z. A – Administration: Having a robust call and recall process creates…

With a depleted workforce, encouraging GPs to become partners has never been more difficult. In this episode of the AISMA Finance Clinic, specialist medical accountants [i] Abi Newbury and Andrew Burwood discuss with James Gransby how to tempt new partners into general practice. They talk about how it’s not just the financial aspects of partnership…

Wouldn’t it be great if you could evaluate the financial performance of your practice in an instant? Well, now you can! Benchmarking Manager provides an in-depth analysis of your practice’s financial performance. In just a couple of clicks, you can: View total figures and averages per weighted patient Compare current financial performance against previous years…

Why are some GP practices more profitable than others while still maintaining high standards of patient care? Does high quality patient care always cost money? Not necessarily, is the answer from James Gransby, Abi Newbury and Andrew Burwood*, who are all medical accountants specialising in advising GP practices and their practice managers on financial matters.…

The PCN DES was published on 31st March, and at the very end of this 104-page document (from p96 onwards!) we find detail of the Investment and impact Fund (IIF). In our latest Practice Manager Panel podcast episode, we discussed the impact of QOF on practices, so in this article I will focus on the…

Following last week’s budget, there has been a lot of information surrounding what this personally means for GPs. However, here at Practice Index, we felt that PMs needed to have a greater insight into what this actually means for practices and how they can benefit from new words such as ‘superdeduction’ or phrases such as…