We use evidence-based practice management
We use a wide-range of proven holistic tools
Introducing our unique Doctor's Pay (Service fee) Calculator
Doctors Pay calculator, Percentage Fee Calculator & Service Fee Calculator
This is a software program developed by us and is unavailable anywhere else in Australia. It is a database program that helps practices calculate pays to providers who are paid on a percentage of their gross receipts. It automatically prepares Tax Invoices, BAS and Income Tax Extract Summaries as well as calculating guaranteed minimums and other incentive payment arrangements.
So what do people think?
‘I love it’
Val Hosking, Practice Manager Millbank Medical Practice (QLD)
‘I said to my boss I would resign if we did not get it’
Tammy Martin, Practice Manager Clifton Beach Medical Centre (QLD)
Problems using a spreadsheet to calculate your Providers pay?
Many practices experience problems tracking payments to providers who are paid on a percentage of their gross receipts, with or without guaranteed minimums, or who are charged a sessional rate.
Some have developed complicated spreadsheets, however many of these do not comply with Tax Office documentation requirements and very few can actually be reconciled to the practice’s bank account balance.
The implications of this are:
- Under/over reporting of provider income and GST remitted;
- No audit trail proving payments made are calculated and paid correctly.
- Increased opportunity for fraud and errors as most accountants do not review these arrangements as the transactions are normally conducted off the books called trust, clearing accounts or practice fee accounts where no formal book keeping requirements are required. This is usually not the accountants responsibility;
- Practices do not report on a timely basis GST collected on behalf of and paid by providers. This leads to practice and provider BAS errors, and higher accounting fees at year end due to disputes.
Who do you contact about legal questions?
If you have any legal questions in relation to the practice agreements Template documents, then you can use the legal helpline that the law firm Peripheral Blue and Maddox Lawyers (via Cleardocs) provides to Health and Life. Peripheral Blue and Maddox are our primary independent lawyers we use. They sign-off on master documents and the question interface before we put the documents on our site.
The first thing to do is ring us. We will arrange for you to speak with an experienced law firm that will save you time and money not reinventing the wheel.
If you require other legal advice in relation to your particular circumstances, then this will be charged for.