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The Practice Index Podcast: Episode two – Are practices less profitable than they were 10 years ago?

September 24, 2020, by in Accounting, AISMA, Finance 0 Comments

Woman working with documents, Tablet pc and notebook. Profit Concept.

There was a headline in the GP press recently that stated that, in real terms, GP partners’ income in 2018/19 was 10% below the figure recorded a decade earlier in 2008/9 (according to “official” data for England). But as is always the case with statistics, averages never tell the whole story. I know of practices,…

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To ePACT2 or not to ePACT2, that is the question

Doctor using computer tablet for search bar on display in pharmacy drugstore shelves background.Online medical concept.

And the answer is a resounding YES! ePACT2! If you’re wondering what on earth we’re talking about, you’re definitely not the only one. Practice managers have signed up to our toolkit in droves. But there are still a significant number of PMs who are scratching their heads, wondering why we keep asking if they have…

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Checking your PPA claims the easy way 

Close-up Pen Calculator And Reading Glasses On Financial Report - Business Accounting Concept

Have you ever longed to master the dark art of claiming ‘personally administered’ items? If so, we might have just the thing for you! Claiming personally administered (PA) items can be fraught with difficulty. For example, do you know what you can claim and how much you’ll be paid? Do you know whether you can…

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A brief guide to PCN finance

accountant working on desk using calculator for calculate finance report in office

It’s now a couple of months since Primary Care Networks (PCNs) came into being, and by now practices will have received their first payments via Open Exeter (at the end of July). To assist your planning further, especially considering the mountains of PCN admin that’s been put on us, the Practice Index PLUS PCN finance document…

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What to look out for before signing a PCN agreement

What to look out for before signing a PCN agreement

Things are moving fast – some would say too fast – in establishing primary care networks.  Amidst all the speculation and comment in the rush to get the networks set up, it is essential that practices understand what they are signing up to. Specialist medical accountant Bob Senior explains what to watch out for. Don’t…

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Payments, practices and financial benchmarking

Payments, practices and financial benchmarking

Just before Christmas, NHS Digital published the NHS Payments to General Practice, England, 2017/18 report. Now in its fifth year of publication, this provides in-depth information on payments to providers of general practice services in England in the past financial year. The report covers payments to 7,543 general practice service providers across England. Details published include a…

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10 top tips for successful financial forecasting

December 6, 2018, by in Accounting, Finance 1 Comment

10 top tips for successful financial forecasting

GP practice budgets continue to be squeezed harder and harder as costs seem to be continually on the rise and funding on the slippery slope downwards. As a result, financial forecasting is becoming more and more important. So how do practice managers get it right? Russell Finn, Specialist Medical Accountant at Harold Sharp, shares 10 top…

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