Kreston GP Practices Benchmarking Report 2017

PEM have been working with our colleagues in the Kreston UK Healthcare Group to produce our fourth annual GP Practices Benchmarking Report. Kreston UK is part of Kreston International, a global network of independent accounting firms.

The GP Practices Benchmarking Report is intended to help the GP sector gain a deeper understanding of the financial performance of practices. The statistics are compiled from 161 Kreston GP practices from throughout the UK, of which 67 hold Personal Medical Services (PMS) contracts and 94 hold General Medical Services (GMS) contracts, providing a significant range of data from which to produce average figures for a GP practice. The benchmarking report gives a detailed insight into the income and expenditure of a GP practice and the differences between the two contracts. The survey is based on information from GP accounts ending during the tax year to 5 April 2016.

Topics covered include:

  • Income
  • Expenditure
  • Age and gender profile
  • Dispensing practices
  • Practice profile and partner sessions

The main finding from the reports are that overall profits have remained relatively static in comparison with the previous year. However the profits are shared amongst fewer GP partners resulting in increased profit per GP partner. The reduction in partner numbers is putting increased workload and strain on GPs and this trend seems likely to continue until significant new funding is allocated to GP practices.

If you would like a copy of this report, please email shillyard@pem.co.uk

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