Practice Finances 101: Understanding the Numbers Behind General Practice is a practical finance workshop designed specifically for those who are new to the financial aspects of General Practice. Delivered in partnership with Forvis Mazars, specialist medical accounts and AISMA members, this session provides a clear and accessible introduction to the financial information that supports decision-making within GP practices, PCNs and federations.
Whether you are a new Practice Manager, Deputy Manager, aspiring Partner or PCN leader, this session will help you develop the confidence to understand financial reports, ask informed questions and contribute more effectively to financial discussions within your organisation.
The session will cover key areas, including:
- Learn how General Practice, PCNs and federations are funded
- Understand and interpret practice accounts with confidence
- Review financial performance and identify key risks and opportunities
- Plan budgets, forecasts and future financial priorities
- Navigate PCN finances, including CAIP, IIF and wider funding streams
- Ask the right questions of accountants, partners and finance leads to support better decision-making
Each topic is broken down into straightforward, easy-to-understand components.
It will also explore how these elements come together to shape a practice’s overall financial health.
Whether you are new to the role or looking for a refresher, this session will equip you with the knowledge and practical insights needed to engage more confidently with practice finances.
To book your place, please select an event below, or to find out more (further dates added regularly), email ben@locumpm.co.uk.
Who is this training for?
This session is suitable for:
- Practice Managers
- Finance Managers
- New Practice Managers
- Deputy and Assistant Practice Managers
- Business Managers
- GP Partners
- Prospective GP Partners
- Non-Clinical Partners
- PCN Managers
- Federation Managers
- Anyone seeking a greater understanding of General Practice finance
No previous finance or accounting experience is required.
Why attend this event?
Managing finances confidently is a key skill for today’s primary care leaders. This session will help you move beyond simply receiving financial reports and give you the confidence to understand what the numbers are telling you.
By attending, you will gain practical insight into practice, PCN, and federation finances; understand the indicators of financial health; learn how to identify potential risks and opportunities; and develop the confidence to contribute meaningfully to financial discussions and planning.
You will also have the opportunity to learn directly from an AISMA-registered finance specialist at Forvis Mazars, who brings additional expertise and real-world insights into the challenges and opportunities facing General Practice.
What to expect at this session?
During this interactive workshop, delegates will explore:
- How General Practice, PCNs and federations are funded
- How to read and interpret practice accounts
- Understanding profit, cash flow, reserves and partner drawings
- What to review at the end of each quarter
- Budget setting, forecasting and financial planning
- Managing workforce costs and financial risk
- How to approach difficult financial conversations
- Understanding CAIP, IIF and PCN finances
- The importance of an AISMA-registered finance specialist
- Questions to ask accountants, PCN leads and federation leaders
- Making Tax Digital and future financial developments
Upcoming Sessions
The next available date(s) for this session are listed below.
There are currently no events of this type scheduled at the moment.
If you would like to enquire further about this event, please Contact LPM.