Medical Accountants
We live in a time of profound changes to healthcare delivery and medical innovation. It is a period of great excitement, as the genomics revolution and the era of personalised medicine is close to becoming a reality. Our medical accountants keep abreast of the trends shaping healthcare and the regulatory changes that impact the day to day affairs of healthcare management and operations.
Increasingly we see the need for a multidisciplinary approach to healthcare, integrating finance, economics, management, technology and medicine into the effective delivery of primary care. Our medical accountants and consultants work with you to meet the healthcare challenges of the 21st century. Our medical accountants have worked with dental practices, GP practices and pharmacies for over 30 years.
Our medical accountants provide advice on financial planning, NHS pensions, GP superannuation certificates, partnership agreements, setting up in practice, NHS contracts, tax and much more.
Increasingly we see the need for a multidisciplinary approach to healthcare, integrating finance, economics, management, technology and medicine into the effective delivery of primary care. Our medical accountants and consultants work with you to meet the healthcare challenges of the 21st century. Our medical accountants have worked with dental practices, GP practices and pharmacies for over 30 years.
Our medical accountants provide advice on financial planning, NHS pensions, GP superannuation certificates, partnership agreements, setting up in practice, NHS contracts, tax and much more.
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GP Practice Accounts
Primary care delivered by General Practitioners (GPs) has been the subject of intense debate and scrutiny. Challenges facing GPs are constantly changing, from rising demand and diminishing resources, delivering primary care at scale is complex. We work with your GP practice to explore ways of providing healthcare at scale, for example, incorporating collaborative working models, like GP Federations. |
Dental Practice Accounts
The dentistry market is growing. Combined with regulatory changes, it means competition between dental practices is getting fiercer. NHS dental contracts designed to improve patient care by increasing competition means dentists must embrace an entrepreneurial mindset. We work with you to build a competitive dental practice by optimising profitability and service delivery. |
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Pharmacy Accounts
Pharmacies like the medical and dental sectors are experiencing profound changes. The new pharmacy contract introduced in April 2005 set out a vision for delivering pharmacy services in a remodelled NHS. We work with your pharmacy to optimise profitability and service delivery. |
GPs & Hospital Doctors
Whether you’re a GP or hospital doctor, our medical accountants work with you to maximise your tax advantage and plan for your financial future. |
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Dentists
Whether you’re working as a dentist in private practice, in the NHS or both, we work with you to maximise your tax advantage and plan for your financial future. |
Pharmacists
Whether you’re working as a community pharmacist or a hospital pharmacist, we work with you to maximise your tax advantage and plan your financial future. |
Questions and Answers
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Can a Dental Practice be set up as a limited company and keep its NHS contract?
Yes, in principle, this is now possible. The problem that faced the incorporation of dental practices was that their NHS contracts could be open to tender if a dental practice changed its legal structure, even if the same people owned the practice. Consequently, if their contract did go out for tender, there would be no guarantee they would keep their contract, according to the Public Contracts Regulations (PCR). However, in 2008 a case brought to the European Court changed this and is deemed that if a practice does change its legal structure, then it amounts to only ‘material’ or ‘minor’ changes. It means a dental practice can keep its original contract. See how we can help you become a Dental Body Corporate (DBC) by contacting us for a free consultation. |
Should our GP practice be set up as a limited company or LLP?
The traditional models for General practice are changing to meet the demands of our time. Single GP practices and traditional GP partnership models have declined significantly; because they have limited infrastructure to provide the necessary services. Also, they are too small to respond to the financial and demographic challenges facing the NHS. Consequently, there is a trend towards GPs merging to create larger practices and federated models of working. New GP models encompass super-partnerships, multi-practices and federations of networks of GP practices. In light of these developments, there is a stronger case for GP practices to incorporate, especially when competing for NHS contracts. See how we can help your GP practice become a limited company or LLP by contacting us for a free consultation. |
Why Choose Syedain & Co for Your Medical Practice?
At Syedain & Co, we understand the unique financial, regulatory, and operational challenges faced by healthcare professionals. Our experience spans over 30 years, working with GPs, dentists, pharmacists, and healthcare consultants. What sets us apart is our ability to combine specialist knowledge in accounting and tax with an in-depth understanding of the healthcare sector.
Our Expertise Includes:
Our Expertise Includes:
- Tailored Financial Planning: Helping healthcare professionals optimize tax efficiency, plan for retirement, and navigate NHS pensions and superannuation.
- Practice Growth Strategies: Whether you’re looking to expand your practice, acquire new patients, or invest in cutting-edge technologies, we provide strategies that align with your long-term goals.
- Regulatory Compliance: Stay ahead of complex NHS and industry-specific regulations with expert guidance on contracts, partnership agreements, and legal structures.
Navigating Regulatory Requirements & Optimising Profitability
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In today’s fast-changing healthcare landscape, managing regulatory compliance, maintaining healthy cashflows, and achieving optimal profitability are critical challenges for medical professionals.
At Syedain & Co, we specialize in providing the guidance and expertise you need to overcome these challenges with confidence. 1. Staying Ahead of Regulatory Changes Healthcare is one of the most heavily regulated sectors, with complex guidelines that vary by practice type and revenue source. Our team stays abreast of the latest developments in NHS regulations, tax laws, and industry standards, ensuring you remain compliant while focusing on patient care. We Can Help With:
2. Managing Cashflows Effectively Poor cashflow management is one of the most common barriers to financial stability for healthcare practices. With unpredictable revenue streams, late payments, and increasing operational costs, managing your cashflow can feel like a balancing act. Our Services Include:
By giving you a clear picture of your financial position, we help you stay ahead of cashflow challenges and focus on growing your practice. |
3. Driving Profitability
Profitability in the healthcare sector goes beyond cutting costs—it’s about working smarter. We take a holistic approach, analyzing your financial performance to uncover opportunities for growth and efficiency. How We Optimize Profitability:
Take Control of Your Financial Future Whether you’re looking to navigate complex regulations, stabilize cashflows, or drive profitability, Syedain & Co is here to help. Contact us today to schedule a consultation and see how we can support your practice. |