The financial health of a private practice depends on many different factors. It’s about your revenue, various revenue streams, expenses, and an analysis of the resulting profit margin, among other things. This financial health check is designed to give you an overview of how your practice is doing financially, compared to the finances of an ideal and healthy practice. As all practices are different, the recommendations given in this health check should be taken as a guideline only.

The monthly figures you put into the form should be a monthly average. For example, if you pay your light and power bills every 3 months, you should average a whole year’s worth of bills into a monthly figure, by simply dividing by 12. This ensures that the health check analyses your average month, rather than the cash flow of a particular month.

Log in, register or upgrade your membership to use the financial health check!