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Healthcare
Healthcare
After years of training, busy schedules, and plenty of late nights, we know healthcare professionals have little time to worry about the accountancy side of their business. That’s why we believe that a proactive accountancy service is vital to aiding medical professionals in the ever-changing financial landscape. With over 20 years of experience as accountants for GP practices, consultants, locums, dental practices and care homes, we’re able to provide unbeatable support for healthcare practitioners across the board.
Working with GP's
Simpkins Edwards help GPs to run their practices commercially and sustainably. Often GPs have spent a long time learning how to be great doctors but fall back on watching the bank balance to help them run their business, which can be misleading. The only way to grow and make positive changes is to fully understand the numbers and this is where we can help.
By working closely with Practice Managers and GP Partners, we provide:
Detailed and regular management information - no need to wait until the year-end to make informed decisions
KPI analysis and benchmarking against the industry
Quarterly strategy meetings to review and make improvements
Tax planning and advice
“A fantastically dynamic, innovative, and supportive organisation that has really allowed us to professionalise our business and finances. With the excellent support of Seb Beard and Mark Simic we have been able to consider alternative models and structures to the clear benefit of the business and our partners.”
Dr Tim Wright, GRANTA Medical Practices
Working with PCN's
Simpkins Edwards work with Primary Care Networks (PCNs) to provide regular bespoke financial reporting and strategic support. Traditional accounting and data reports are geared towards singular GP surgeries rather than the complex PCN, which often leads to an unclear picture of income streams and expenditure.
By working closely with PCN Managers, Clinical Directors and Steering Groups, we provide:
Detailed and regular management information – including infographics, and concise breakdowns of individual funding streams and expenditure
In year analysis of PCN surpluses for member practices
Quarterly strategy meetings to review real-time data and monitor PCN budgets
“It really brought the PCN income streams to life for the practices, and Seb was easily able to show the PCN Steering Group exactly what we‘ve been doing. If I‘ve got any funding queries, or I need professional accountancy advice around the primary care networks, I know that I‘ve got Seb and Mark on hand!”
PCN Manager, Somerset
Taunton Vale Healthcare
Four years ago, Somerset-based Taunton Vale Healthcare took a radical new approach to maintaining its viability as a business. The 10,000-patient practice merged with a second to reduce overheads and improve efficiency. In so doing, it became a trail blazer; one of the first practices to merge in Somerset, and in the UK.
Addition Magazine
We produce sector specific magazines, bi-annually, designed to provide you with the exact information you need, including for the Healthcare sector.