Dr Insights – Secrets to a successful medical practice

By Trent Antonio on 15/09/20 - Mins to read: 3 minutes

COVID-19 has been a challenging time for everyone, particularly business owners, including those who are trying to run a medical practice. This period has put the ‘acid test’ on a lot of systems and procedures that have otherwise been left unchecked, with many found wanting. Here at William Buck, we’ve...
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When it comes time to think about selling your practice

By Paul Copeland on 15/09/20 - Mins to read: 3 minutes

It can be hard to know when to sell your practice. There may never actually be a “right” time. As such, holding on for that optimal point may just be holding you back from the next phase of your life. When you are thinking about stepping back from ownership, remember...
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Medicare audits and the implications for Doctors

By Belinda Hudson on 15/09/20 - Mins to read: 3 minutes

Over the last three years, there’s been a large increase in the number of medical practitioners subjected to a peer review by the Professional Services Review Agency. With the increase in data matching and the use of algorithms to monitor and review inconsistencies, it’s likely that these numbers will continue...
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Lessons from an income break and how to safeguard cashflow during a downturn

By Andrew Barlow on 15/09/20 - Mins to read: 3 minutes

Doctors and practices nationwide are suffering a variation in revenue due to a fall in the number of visits caused by the COVID-19 pandemic, according to the Royal College of General Practitioners (RACGP), though somewhat offset by an increase in flu injections. This is all while experiencing significant changes in...
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Is it time for a financial swab test?

By Trent Antonio on 15/09/20 - Mins to read: 3 minutes

For many doctors, the thought of a health check of their practice and personal wealth can feel just like a nasal swab – uncomfortable, invasive and leaves you feeling a little bit queasy. However, just like a nasal swab, there can be significant benefits from the diagnosis. This couldn’t be...
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Tips to advance your financial position during COVID-19

By Jennifer Rees on 15/09/20 - Mins to read: 3 minutes

In this time of uncertainty, many practitioners will be wondering how they can manage their finances to ensure they are in the best position to see themselves through this period. We have prepared a simple summary below of the key things to consider. Staying on top of your cashflow Personal...
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