Understanding the financial pressures facing general practice
Description
Emma speaks to Lizzy Lloyd, chair of AISMA, the Association of Independent Specialist Medical Accountants, and a partner at the accountancy firm Larking Gowen.
The financial pressures on general practice have been a major theme of the past few years, and in this episode, Lizzy discusses the impact this has had on practices. She talks about cash flow problems and the complexities of the GP contract and funding, as well as challenges around workforce and service charge issues.
Lizzy offers invaluable advice for practices looking to secure their financial future, including the importance of effective budgeting, and maximising income streams. She also discusses ongoing issues with NHS pensions and what GPs can do to navigate this complicated area.
This episode was presented by GPonline editor Emma Bower. It was produced by Czarina Deen.
Read GPonline’s coverage of the 10-year health plan here
Useful links
● Association of Independent Specialist Medical Accountants
● 10-year NHS plan will promise 'major changes' to GP funding formula
● Government begins hunt for private premises investment ahead of 10-year plan
● Extra £100m needed to deliver 4% GP pay rise
● DDRB recommends new GP 'cost index' to help shape contract uplifts
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