Health & Aged Care​

Medical practitioners and leaders of health and aged care organisations face a unique challenge; running an efficient and successful business while offering the best quality of care for their patients.

Businesses in this sector are grappling with the competing demands of operational efficiency, regulatory changes, increased pressure on profitability, stakeholder expectations, new technologies and competition for funding.

You need a partner who understands these unique industry issues and can help you through the financial, business and personal wealth implications.

Our team also assists corporations within the health and aged care sector including research centres, pharmaceutical companies and large scale service providers.

So whether you need to review your current business model and streamline operations, reduce your exposure to risk, or need assistance in growing your personal wealth, our professionals can help.

What's on

AMA Queensland Regional Seminar Series

Crunching the numbers in private practice

Event Date: 3/11/2016 12:00 AM
Venue:

Queensland

In private practice, there are many numbers to crunch including staff hours, payroll, timesheets, Medicare item numbers, bulk-billing, patient appointments and profit and loss. 

George Sotiris, Senior Industrial Relations Officer, AMA Queensland and Paul Copeland, Director, William Buck Accountants will be hitting in Queensland throughout November to deliver seminars to help you and your practice make sense of all the numbers and your practice finances. George will discuss:

Minimising overtime and engaging staff correctly under the modern awards 

  • Why practices pay overtime?
  • The difference between full-time, part-time and casual
  • Considerations for part-time staff and overtime

How contract impacts payroll

  • Managing inconsistency with staff contracted hours and your payroll
  • How to review your contracts
  • Does paying above award make you automatically exempt from award conditions? 

Rosters and timesheets

  • What your rosters and timesheets should look like
  • Who is authorising your rosters and time sheets? 
  • Issues around staff not taking their rostered lunch breaks

Following George’s presentation, Paul Copeland will provide you with an understanding the important numbers in the practice. The business of medicine is becoming more competitive and to be successful, you need to understand and regularly review the financial performance of your practice. 

Paul’s session will provide you with crucial information on key financial indicators for the business as well as an understanding of how to review and analyse the profit and loss statement. If you do not understand these numbers, it can be like driving a car blindfolded. 

In addition to financial statements (or if you don’t have access to them), benchmark indicators are an effective way to monitor the practices performance. Paul will discuss some common benchmarks you can set to measure practice performance including steps for building a high performance team and setting goals for doctors and practice support staff, including revenue and cost targets, patient satisfaction, patient times, Medicare items and freezing. 

Additionally Paul will discuss strategies for managing the transition from bulk billing to private billing.

The AMA Queensland Regional Seminar Series is running from Thursday 3rd November - Friday 2nd December across a number of locations. For further details including all dates, locations and registration details please visit the AMAQ website

"Having all my business and financial advisors in one place is invaluable to me. I can focus on my patients and family knowing that William Buck has taken care of everything."

Dr James Clayton
Orthopaedic Surgeon
SPORTSMED SA

Industry Specialists

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