Health Care

The Prosperity Health Practice Management Consulting team completes the holistic approach taken to assist our clients with the ‘practice of running a practice’. Our specialist practice managers offer a comprehensive overview of practical services and advice needed to run a busy, profitable, modern medical or allied health practice.

This creates efficiencies leading to improved financial outcomes through increased profitability and reduced expenses. The practice team becomes more cohesive, working effectively and sharing knowledge, resulting in better outcomes and more productive approaches to service delivery.

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. 

To receive each instalment of the video series directly via email, please email mail@prosperity.com.au.

 

To view previous GP Video Series videos please click here.

 

How confident are you, that your practice will be financially viable over the next 5 years?

Now in its eighth 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 research in amongst developments in Payroll tax cases and the threat of audits. 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.

 

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. 

 

Megan Smith Director of Business Services and Taxation	Ashley Quinton Director of Business Services and Taxation
Brendan Campbell Director of Business Services and Taxation	Sam Gadani Director of Business Services and Taxation