Accounts & Financial Management

With the use of Private Practice Manager (PPM Software Ltd), we successfully keep track of your invoices, aged-debtors, incoming receipts and other payments received.

Practice Fees / Structure

We will keep a close eye on your overall Practice performance, annual budgets, turnover and any basic tax considerations, such as registration for VAT and work closely with your accountant, as required.

We are able to provide your accountant with reports on your practice financials which assists them in preparing your accounts and reduces accountancy fees overall.

We will look at practice income streams, efficiencies and ranking with similar specialties.  We will discuss our thoughts with you in relation to practice income and ways to maximise your earning potential.

Invoicing / Accounts Management

Immediately following the transcription of your clinical correspondence an invoice will be raised and sent either directly to the Insurer, internally or to the patient.  Many invoices are now sent electronically to the major insurers; all this speeds up your cash-flow.

We send out regular reminders and keep an eye on outstanding debt, chasing this on a monthly basis to ensure prompt settlement and that any issues are flagged up early in the process and can be resolved without becoming a major problem.

We will chase aged / bad debtors if required.

Spreadsheets

We love a spreadsheet challenge and a problem involving 'figures'; we regularly keep spreadsheets to assist us in managing elements of your practice.

If you have a specific requirement for 'facts and figures' in spreadsheet format, please discuss your ideas and needs with us and we will do what we can to help.
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