Key Learnings: ✅ The profit return you should expect from your medical practice ✅ How the pandemic has impacted the bottom line of Australian practices ✅ Monitoring Return on Investment (ROI) in your practice.

Why does GrowthMD love working with medical and dental practices? If you are not sure if your Xero or MYOB is set up for success, you need to check out this blog we wrote with the healthcare automation team at Surgical Partners. Want to talk more? Let's have a catch-up, select a time that suits you in my calendar below. https://calendly.com/growthmd

You are thinking ahead to 2019, and what is in store for your medical or dental practice? Set up for a profitable and stress-free 2019 by getting your foundations right. This 2-minute video gives you three tips to start your 2019 planning.

Kelly Chard and Sam Gray talk through how to set up reporting for health practices. 1. Setting a financial budget/forecast for your practice - Why - How to start - Examples 2. Using Xero to track financial results - Why - Helpful reports - Customised templates 3. Creating a monthly oversight process - Why - Example Agenda Let the GrowthMD team help you, book a discovery meeting. Xero How-To Videos Xero Budget Manager. Xero Excel Budget Xero Premade Reports Customising the Xero Profit & Loss.

I recently was a guest presenter for HealthCert talking about Pre-30 June Tax Planning for Doctors. This discussion includes an EOFY planning checklist as well as structures and financial process improvement. Thanks for having me HealthCert.

Why is the 2020 EOFY the most crucial planning period in my eighteen-year career?

Great news! Telehealth Bulk Bill incentive to double. However, don’t get complacent, planning is still key. Interested to know the key themes discussed during the back to back online meetings I have had with GrowthMD's GP clinics this week?

Self-isolating? ✅ Conference or holiday cancelled? Stay home ✅ and spend time proactively working on your financial position. Here are some ideas to get started. PERSONAL 🎯 Get your 2020 YTD tax docs organised (or 2019!) 🎯 Action the estate planning you have been putting off 🎯 Review and compare the rates on your mortgages 🎯 Check your insurance cover & email your broker 🎯 Review your cash inflows and outflows for the last four weeks BUSINESS 🎯 Email or Zoom your accountant and ask "what is the one thing I can do right now to improve my business?" 🎯 Review your commitments, e.g. do you need all those online subscriptions that add up each month? 🎯 Project your cash flow over the coming months, if you don't know how again ask your accountant 🎯 Contact your customers and team and ask for feedback 🎯 Refresh your business plan, including risks and opportunities for the year ahead. Finally, BE CREATIVE - what is that one finance or business task you never get time to action.

Get the critical information on two measures for small businesses and employers in the planned COVID-19 Support Package. Listen out for my tips regarding cash flow planning during the upcoming months. Contact us at GrowthMD for specific questions regarding the assistance measures for your business.

Recently I held a webinar specifically for our GrowthMD client group in which I discussed planning and financial considerations for the unprecedented months ahead. Listen in for the discussions regarding: ✅ Government stimulus packages ✅ Relief for employers ✅ ATO debt and tax deferrals ✅ WorkCover claims &insurance specific to COVID-19 ✅ Estate Planning matters We have decided to share this client webinar with the broader business community in this time of uncertainty. Book a meeting with the GrowthMD team.