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SUMMARY:GP Practice Finance – Good Financial Practice in a Changing World (Non-Clinical)
DESCRIPTION:This practical and informative session provides an overview of good financial management within General Practice\, helping participants understand the key principles of maintaining financial stability and profitability in an increasingly complex healthcare environment. The course will explore effective financial planning\, budgeting and forecasting processes\, as well as the importance of understanding NHS and PCSE financial systems\, including NHS Pensions. \n\nCourse Aims:\n\nUnderstanding and taking control of practice finances\nExploring what a profitable General Practice looks like\nIdentifying practical strategies to improve financial performance\nDeveloping effective budgeting and forecasting skills\nUnderstanding PCSE processes and their impact on practice finances\nIncreasing knowledge of NHS Pension arrangements and responsibilities\nRecognising opportunities and challenges in the changing primary care landscape\nSupporting informed financial decision-making within General Practice\n\n\n\nGetting Control of Your Finances: Participants will gain a clearer understanding of practice finances\, including financial reporting\, income streams\, expenditure management and key financial indicators. The session will provide practical approaches to improving financial oversight and ensuring greater control of practice resources.\nWhat Does a Profitable General Practice Look Like? This section explores the characteristics of financially successful GP practices and examines the factors that contribute to sustainable profitability. Participants will learn how to identify opportunities for improvement and implement strategies that support long-term financial resilience.\nBudgeting and Forecasting: Effective financial planning is essential in an evolving healthcare environment. This session will cover the principles of budgeting and forecasting\, enabling participants to plan confidently for future income\, expenditure and workforce requirements while managing financial risks and uncertainties.\nPCSE and NHS Pensions: Participants will receive an overview of Primary Care Support England (PCSE) processes and their financial implications for practices\, alongside key information relating to NHS Pension Scheme responsibilities\, administration and common issues that practices need to be aware of.\nFinancial Management in a Changing World: The course will consider the current challenges and opportunities facing General Practice finances\, helping attendees understand how to adapt financial strategies to support sustainable and effective service delivery.\n\n\nThis is an interactive session and you will be expected to interact. Please ensure you have a camera and microphone available to attend the meeting. \nPlease ensure that you either put your name in the chat or use the QR code to register your attendance via your Medtribe account when you log onto the session. \n\n\nYou will receive a certificate post training for your attendance. Places are limited\, if you have booked a place\, please ensure you attend.\nIf you have any additional needs or requirements to attend this session\, please contact us at mbpcc.lscthub@nhs.net.\nBy signing up you agree for your information to be stored and shared by the Training Hub and with the Training Provider\, NHSE and NHS ICB\, for the delivery of this training\, monitoring\, reporting and certification purposes only.
URL:https://lscthub.co.uk/events/gp-practice-finance-good-financial-practice-in-a-changing-world-non-clinical/
CATEGORIES:Non-Clinical Staff Training
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