Finance

Understanding a practice’s or PCN’s financial position and having financial sustainability are key to ensuring the resilience of general practice. Through good financial governance, practices and PCNs are better placed to:

• Operate more effectively
• Identify and free up resources
• Transform services
• Support the delivery of high-quality care.

PCC has supported PCNs across the country to develop their financial resilience and we do this by offering a range of interventions dependent on their needs. For example, we can provide:

• Independent financial reviews to identify improvements in the way income and expenditure are dealt with
• Hands on support to maximise delivery against the PCN directed enhanced service and impact and investment fund through for example, improved data searches and reconciliation.
• Training to understand more about how Quality outcomes framework (QOF) is administered, and how to monitor, review and appeal your submissions.

Latest news

PCC supporting general practice– finance (2 April 2024)
The new financial year is now upon us with the detail about what is included in the GP contract and primary care network (PCN) directed enhanced service (DES) for 2024/25 published. Practices and PCNs need to assess their business and financial plans against the contractual requirements. Our experienced team is on hand to provide one to one support to practice partners, business managers and finance leads to review their plans and ensure they meet the needs of the coming year. If you would like to find out more about how you can use a contract with PCC to support practices in your area, contact enquiries@pcc-cic.org.uk or visit https://www.pcc-cic.org.uk/practice-support/ to see other ways we can help.

PCC – Supporting general practice (5 March 2024)
Primary care networks (PCNs) and practices are continually looking for ways to deliver improved services for patients, but we are hearing from practices that the need to balance the benefits their delivery can bring with the finances they will receive is an ongoing concern. Evaluating the viability of services/contracts will help practices make those important decisions about future additional service delivery. We can support PCNs and practices to quantitatively and qualitatively review delivery of new services to enable them to make informed decisions and ensure they focus on what delivers the most impact. To find out more contact enquiries@pcc-cic.org.uk or visit https://www.pcc-cic.org.uk/practice-support/

PCC supporting general practice– finance (6 February 2024)
Last month we highlighted the ways in which PCC could work with practices to put in place good financial governance to aid financial sustainability. An important part of that is to ensure that three key elements of financial management – namely cash flow, income and expenditure – are managed effectively. Our experienced team is on hand to provide one to one support to practice partners, business managers and finance leads to make sure they get the most out of their practice’s income whilst at the same time minimising expenditure. If you would like to find out more about how you can use a contract with PCC to support practices in your area, contact enquiries@pcc-cic.org.uk or visit https://www.pcc-cic.org.uk/practice-support/ to see other ways we can help.