Accounting and Advisory Services for GP Clinics, Allied Clinics, Dental Clinics, and Healthcare Industries
Medic Financials have noticed when Medical Doctors in Australia are starting the new practice is that they frequently recruit more staffs in numbers rapidly. Generally, this is done without any planning.
Hiring staffs are very easy but it is not easy to Fire them. Therefore, Medic Financials work with GP Clinics or Healthcare Practices in Australia to understand the need and advice according to their requirements. Salaries and Wages are huge proportion to the overheads. Therefore, clinic owners should consider the few strategies.
Provide additional hours to existing staffs
Provide the overtimes for existing workers who willing to do additional hours. Also, ensure the workers should not inactive during the working hours. This issue can be minimised by teamwork and bonding, allowing working on flexible schedules, and Practice Owners listen to employees’ practical work concerns.
Training staffs to increase productivity
Practice manager can organise the training for workers to enhance the knowledge of what they are prescribed to do and provide the cross-training to handle the task in simpler ways. for example, the nurse can be trained to handle clients’ calls in case no receptionist not available.
Additionally, tie up KPIs and Bonuses for their performances to encourage the work and contributions.
Adopt the new technologies at GP practices
Any technologies that simplify the work processes can be adopted to minimise the dependency of additional staffs. Some Examples as below:
- Xero Accounting platform for day to day-to-day accounting and easy to train key staff to manage it. Medic Financials can help to implement online accounting platforms to Medical Practices.
- Deputy can be adopted to time sheet management to avoid the manual time sheet process.
- CRM is a very important platform to keep the client records in digital formats.
Outsourcing the tasks and works
Some of the tasks can be outsourced to the best expert who can handle the Medical Accounting, Bookkeeping and Payroll.
Accounting, Bookkeeping can be outsourced to Medical Accounting firms such as Medic Financials
Marketing and advertisement works can be delegated to freelancers or Marketing firms.
Keep hold of existing best talents
Good staffs are an asset to businesses. Therefore, try to keep it with your practice and replace the talents very costly and it takes time to rebuild. Also, when staffs leave that impacts others morale and it may give dominos effects. Therefore, practice owners should always consider the best ways to retain talents from slipping by promotion, bench marking, and other incentives.
Conclusions
The practice owners always need to value the good workers and should look after them well to avoid the unnecessary impacts that may affect the practice’s performances.
If you have any further question, please contact Medic Financials for further advice. We are experts in Medical Accounting and Tax.
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