Run a tight ship in rough waters: General practices under pressure can refocus on fundamentals

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Run a tight ship in rough waters: General practices under pressure can refocus on fundamentals

Shaun Phelan
Drowning piggybank debt CR mphillips007 ISTK
Practices are advised to hold as little cash as possible and ensure most is earning interest [Image: mphillips007– iStock.com]

The current financial environment is difficult for general practice. The lack of certainty over realistic capitation funding increases, the ongoing pay parity negotiations for nurses and the associated implications, and the constraints on increasing copayments, have all made our financial position challenging. Can you help?

– Slippery slope, North Island

There is no easy answer to the external environment and influences that all general practices are facing, but you can control what happens in your pra