Our dedicated health team provides specialist advice to individual health professionals, health businesses and government agencies in the health sector
to understand the opportunity presented by this changing landscape so these groups can focus on what they do best – helping their patients.
Planning and arranging staffing needs for nursing staff, practice manager, receptionists, administrative staff, allied health and cleaners is undertaken to ensure your practice has appropriately skilled and qualified professionals ready to begin work when you open the doors. This includes recruiting, screening applicants, interviewing and hiring staff. As well as establishing staff files, position descriptions, contracts, superannuation requirements and complying with Fair Work Australia legal requirements.
Prosperity Health's professional practice management consultants are highly qualified, and have extensive hands-on experience running medical practices
of all sizes in many different locations. The specialist management expert works alongside, and in conjunction with your practice team, to offer a
comprehensive service, which allows us to assist your practice in reaching its full potential.
Reviewing existing systems, comparing current processes with identified best practice solutions, then identifying and implementing changes to procedures can be a time consuming activity. Our consultants draw knowledge from their vast industry experience as well as their academic qualifications, and stay abreast of the constant changes that abound within the health industry, to design solutions specifically for your needs.
Areas of expertise offered by Prosperity Health consultants include increasing profitability and decreasing expenses. We are able to independently assess your income and outgoings and offer advice regarding maximising item number selection. This relates to being paid appropriately for the work you are currently performing, rather than changing the way you practice medicine. Many practitioners are fearful of Medicare audits, and choose not to use the vast array of items available for billing. However, in our experience, the doctor who bills correctly, will not raise any "red flags" at Medicare, and vastly increase his take home pay by making use of practice nurses for assistance with care planning and health assessments. We can educate your practitioners on their choices, and have tools to help you calculate your potential in this area.
Goal setting, strategic planning and budgeting aids growth strategies within the practice. Every business needs to develop budgets, cash flow projections and financial targets. Assistance is available for practices to facilitate establishing growth targets. This includes investigating for particular demographic groups; examining current records, establishing community needs and implementing new services to cater for patient requirements.
We plan and create marketing strategies that suit your practice's needs and the demographics of your patients. This includes discussing the content of your website, creating patient information leaflets, practice newsletters and advertising. The internet has significantly changed the way people do business; this includes how your patients access online resources to find a practice, search for health information, and then spread the word about their experiences with their friends.
The success of your practice relies on recruiting and retaining highly skilled team members. Human resources issues continue to be an area causing
practices concern, and costing valuable time and expense. Prosperity Health consultants specialise in providing efficient recruitment services to ensure
employing the highest quality applicants to compliment the culture and image of your practice. We ensure compliance with Fair Work Australia, and abide
by Antidiscrimination and Equal Opportunity legislation when assessing your needs, creating position descriptions, advertising, assessing candidates,
identifying selection criteria, interviewing, reference checking and notifying unsuccessful applicants. Our service extends across all areas of human
resource management including:
Policy and procedure manuals are guidelines that offer a range of actions within an agreed set of limits. These are dynamic documents that should never stop developing. The legislative environment is constantly changing, your practice's needs and preferences will evolve and frequently your personnel will also change. Your practice policy and procedure manual also needs to adapt with growth and changing practice environments. Our experienced consultants work with your practice manager developing fresh approaches to combine with existing materials that will comply with required industry standards. We advise on version control requirements, ensuring the most recent version is available at all times, and offer solutions for ensuring staff have constant access. Alternatively we also supply templates for your practice staff to develop and personalise for your specific requirements.
Prosperity Health has just released the first instalment of our GP Video Series for 2018, designed to assist general practitioners to improve their profitability, manage and grow their wealth.
In this instalment we discuss with the CEO of Surgical Partners, Marcus Wilson, how using technology can assist with time and financial savings as well as other benefits to drive your business forward. The video covers: Integrating your practice management and accounting data, automating Doctor pays and the reconciliation process, and where practice management is evolving to.
Surgical Partners - Simplifying Doctor Payments
To receive each instalment of the video series directly via email, please email firstname.lastname@example.org.
To view previous GP Video Series videos please click here.
Do you know the levers to pull for improved profitability? Is your practice performance consistent with your industry peers?
To provide our practice owning GPs with accurate, real time industry performance benchmarking information, we have once again conducted the Prosperity Health Benchmark Study.
Now in its fourth year, the study assists many practices to understand their key performance metrics to keep ahead of the competition.
The report provides insights from the study and recent broader industry. If you would like a copy of the report please click here.
Want to get involved?
We are offering medical practices an exclusive tailored diagnostic report and follow up consultation.
The necessary information can be gathered within an hour and our report will be received within 10 business days.
Please call your local Prosperity Health office or email us for more details.
Balancing Act for GP Practice Profit: Prosperity Health Benchmark Report 2018
We all know that by establishing regular health and dental checks we’ve got a greater chance of preventing problems throughout our lives.
If you are ineligible for the Age Pension due to your wealth but still have an annual income below $50,000 pa for singles or $80,000 pa for a couple, you might be eligible to receive the Commonwealth Seniors Health Card (CSHC). And the benefits are nothing to shirk at.
For many years, Prosperity has been building our Health team, specialising in providing medical and allied health professionals with a deliberate, proactive accounting, advisory and financial planning service.
The business of running a medical practice is what GPs seem to fall into from necessity rather than choice, more often than not from a desire to deliver patient care in the way they choose.