Practice Finance Skills 2012

Develop the skills and the strategy to ensure your practice is standing on solid financial ground

For a GP practice to thrive, it needs more than good doctors. GPs and practice managers have to get to grips with the essential financial skills that can carry you through these challenging times. If you are to protect the financial health of your practice and continue to provide the care your patients need in the future, you must make sure your business is standing on solid ground now. This seminar will encourage you to re-examine every aspect of your finances from accurate budgeting to cost-effective management of patient access.

Our speakers will share their expert knowledge and suggest practical strategies to help you succeed. You will hear from experts in accountancy and law who can guide you towards exemplary accounts and budget management and help protect you from costly errors in taxation, contracts and employment issues. GPs and practice managers who have employed successful, innovative solutions to the current economic challenges will share their experiences.

Attend this event to:

Make sure your financial management is watertight
Ensure you have a firm grip on practice expenses
Employ cost-effective solutions to manage demand and patient access
Hear ideas to increase practice income
Develop a strong plan for your practice's future
Gain 6 CPD hours

Who should attend?

GP partners
Practice managers
Primary care business managers

What is the cost?

Healthcare Professionals

Early bird rate: £195 + VAT - booking before 18 May
Standard rate: £225 + VAT - booking after 18 May

Commercial rates

Early bird rate: £349 + VAT - booking before 18 May
Standard rate: £399 + VAT - booking after 18 May

Agenda

09.00	Registration and exhibition
09.30	Chair's welcome Dr Stephen Clay GP in Leicestershire and clinical director of Productive Primary Care
09.35	Getting the basics right – making sure you don't lose out * Reading practice accounts * Good bookkeeping * Getting your budgets in place * Cashflow forecasting * Tax issues * When to call in expert help Bob Senior director of medical services, RSM Tenon
10.10	Curbing your practice expenses * Collecting and benchmarking productivity data * Introducing workable procedures to reduce spending * How to get the best deals on utilities and borrowing * Efficient stock management * Benefits of buying groups * Considering joint working and mergers * Fee claiming systems Dr David Jenner GP in Cullompton, Devon and NHS Alliance GMS/PMS contract and practice-based commissioning lead
10.45	Q&A on previous two sessions
10.55	Refreshments and exhibition
11.25	Securing your practice's financial future * Is strategic planning realistic? * Defining short- and long-term goals * Engaging current and future patients * Should you lease or own your premises? * Capital allowance and tax relief * Succession planning Dr Sohail Butt GP and Finance Partner, Ashford, Kent
12.05	A practical guide to a more efficient practice team * Understand staff activity and costs * Freeing up GP time by reducing waste and increasing teamwork * Clinical supervision and competency * Speculating to accumulate – investing in training and development * Reduce waste, increase productivity, capacity and efficiency and mitigate risk of redundancy Sheinaz Stansfield practice manager, Oxford Terrace Medical Group
12.35	Q & A on the previous two sessions
12.45	Lunch, networking and exhibition
13.45	Managing the changes coming your way * Latest on boundary changes * Cost-effective ways of improving access * Keeping up with contract and QOF changes * The latest on CQC registration Dr Stephen Clay GP in Leicestershire and clinical director of Productive Primary Care
14.30	Increasing clinical work to boost income * Establishing cost outlay of new services * Latest on enhanced services – LES and DES * First wave of any qualified provider * Promoting new services to patients * Translating extra income into profit * Private work – is it worth it ? Dr Jeff Stoker GP partner, The Bermuda Practice, Hampshire and medical director at Oris Medical
15.05	Q & A on the previous two sessions
15.10	Refreshments and exhibition
15.30	How to make your surgery premises work for you * Auditing your space * Making full use of your premises * Efficiency savings from sharing: premises and back-office functions * Partnering with the private sector Steven Edwards practice manager, Worle Medical Practice and St George's Surgery, Weston-super-Mare
16.05	How to avoid costly legal pitfalls * Partnership agreements * Employment contracts * Lease agreements * Mergers * Working with providers Nils Christiansen chief executive, DR Solicitors
16.40	Q & A on the previous two sessions
16.50	Chair's summing up – including how to use this event towards your CPD points for your appraisal folder
17.00	Close

This programme may change due to unforeseen circumstances. UBM Medica reserves the right to alter the venue or the speakers at any time.

Key Speakers

Current confirmed speakers include:

Dr Stephen Clay GP in Leicestershire and clinical director of Productive Primary Care
Dr Jeff Stoker GP, at The Bemuda Practice, Hampshire
Bob Senior Director of medical services RSM Tenon

Exhibitors

If you wish to exhibit, sponsor or partner please contact Stephen Knowles on 020 7921 8142 or email stephen.knowles@ubm.com or Lauren Poole on 020 7921 8718 or email lauren.poole@ubm.com

Delegate Testimonials

94% of previous Pulse Seminars delegates would recommend the events to a colleague (based on 116 respondents from a Pulse Seminars Delegate Survey to past attendees, January 2012)

"It will change my practice." Dr Helen Jervis, GP from Cumbria
"Very inspiring." Dr Susanne Radig, GP from Worcester
"Very informative, practical advice." Mrs Debbie Elam, Practice Manager from Brentwood

Delegates attending a previous Pulse Business seminar in January 2012