One of our core values at GrowthMD is that we have relevance, purpose and meaning beyond our immediate community. On behalf of the team at GrowthMD, I wish you all a safe and peaceful festive period. We have shared our 2019 giving story made possible by you below.

1. Growth is easy - growing sustainably and staying authentic is the constant challenge. 2. The human side of life will often affect a client's financial success more than always adhering to rigid financial KPIs - a marriage ending, illness or kids with evolving needs aren't dealt with in isolation. 3. I have more strength and resilience than I ever thought. I also have a few more weaknesses than I thought (a work in progress). 4. Running a small business has the potential to consume all - I am learning to be disciplined in where I direct my energy. 5. Tunnel vision is real - I now constantly test myself on what the big picture looks like, for myself and my clients. 6. Personal satisfaction and working with people I genuinely enjoy means more to me than making money - the concept that I am sure drives most early small business owners to keep going. 7. Winning awards is amazing for me, however, my clients don't care so much. Being responsive and giving my clients what they need quickly is amazing for them. 8. The domino effect is real - saying yes to small challenges outside of my comfort zone has led me to places and people I never saw coming.

My top four tips for reviewing your accountant.

Are you the passionate accountant we are looking forward? Email kelly@growth-md.com

Navigating taxation in the early years of a new business is confusing. Poor planning can lead to the tax payment ‘double whammy’ – resulting in ATO debt and a cash flow crunch.

Healthcare Practice Managers can be the hero of your high performing medical practice. However, on average healthcare PMs are spending 17% of their time on financial processes - which is equates to around 330 hours per year! PMs I work with are in some cases spending far more than 17% of their time on financial processes - bookkeeping, billing reconciliations, BAS and calculating practitioner payments. One of the things I love about my work at GrowthMD is when I collaborate with PMs in streamlining financial processes and creating more time. After all, most PMs I know want to focus on happy patients, a cohesive team and a high standard healthcare business - not on bookwork. Photo taken from the 2019 Salary Survey presented at the AAPM conference by Colleen Sullivan OAM, in partnership with UNE.

GrowthMD is proud to announce we are now Gold Partner status with Xero. What does this mean for you? This assures you the team at GrowthMD has the knowledge and skills to leverage the latest cloud accounting solutions for efficiency and productivity within your health practice. GrowthMD has Xero and Xero Payroll certified advisors. Our clients are connected to twenty-six of the best Xero app partners for healthcare. Our team love Xero and the powerful financial platform it provides for health practices.

Medical Practices have a unique income cycle – which leaves room for reporting and accounting error. Our director Kelly Chard talks about the accounting errors she is commonly seeing and the risk these errors pose to your practice.

Profitable health practices of the future will leverage from streamlined and efficient financial processes. In this video, learn how to get started in implementing a digitally based financial framework. We take you through: - Financial technology available to medical practices - Quick-wins via cost-effective tools - Automating low-value data entry - Eliminating human error and fraud - Tools to navigate and grow a profitable practice Learn how to implement a digitally based financial framework within your practice. Kelly's co-host is Wayne Schmidt, who launched cloud technology giant Xero in Australia. Need help in your practice? Practice efficiency audit - $950 • Onsite or online Australia wide • Review your current situation • People • Tools & Processes • Financial Metrics • Identify pain points and areas of improvement • A written report on suggested solutions and a list of quick wins Book a call with Kelly below. https://calendly.com/kellychard/15

Aligning ourselves with organisations and individuals who share values and motivations common to our own is truly important to us at GrowthMD. Which is why we are pleased to sponsor "Amplify", a one-day Symposium presented by Women & Medicine. Featuring topics including career progression, wellbeing, gender & medicine, financial health, mentorship, and leadership & influence. Our friend and GrowthMD client Dr Dinesh Palipana also features on the diverse speaker lineup. We look forward to seeing you at the event. Reserve your place at the Symposium: https://www.womenandmedicine.com.au/w-m-2019