Introduction to practice finance module

  • Blended learning programme

This training helps people working with practice finances in practice management and partnership roles to understand income, how to calculate costs and how to optimise income and outgoings. Participants can complete online content flexibly around other commitments and will take part in a live taught day via a video conferencing platform. 10 hours of certified CPD training is included.

Who is it for?

  • Practice managers
  • Finance managers
  • Business managers
  • Operational managers
  • GP partners

Who are new to general practice or expecting to take on a role in the financial management of the practice.

How does it work?

  • One online module
  • One full day taught day*

*taught days are currently being delivered by Zoom.

Students will have a maximum of 6 months access to the online content. Both the online unit and the taught day must be completed within this time limit to be eligible for the certificate of completion and the 10 CPD hours.

What does it cover?

  • Understanding the different income streams coming into general practice
  • Monitoring and maximising practice income
  • Controlling costs and working effectively
  • Calculating staff costs
  • Costing new services
  • Understanding practice accounts and accounting terminology
  • The importance of financial governance and probity

Entry requirements:

  • Suitable for practice managers / finance managers / business managers / operational managers who are new to general practice or expecting to take on a role in the financial management of the practice.
  • GP Partners who are new to partnership or new to a financial role are more than welcome to attend.
  • A practice manager who lacks confidence with finance.
  • Students will need to have access to email.

What does it cost?

The course cost £160 + VAT for the module.

To find out more about this course or to request an application form, please visit Londonwide LMCs’ learning hub or contact the Programme Manager at gpmtraining@lmc.org.uk.