Financial Planning/Cash Flow Members Call

19/05/2021

Financial Planning/Cash Flow Members Call

19 May 2021

This session covered

Introduction

• Moving from lock down to a graduated return to trading

Forecasting & Business Planning

• Forecasting principals (opening date / assumptions / certainty)
• Building on your existing model (critical review / change)
• What does your phased return look like
• Expected levels of demand / clinician utilisation
• Over what time period is your phased return (2,3,6,9 months)

Staff Costs (biggest cost)

• Assessing demand
• JRS Support (now – Jul and Aug – Oct)
• Salaries
• Contractor %

Property (2^nd biggest cost)

• Rent (rent free / rent deferral / rent reduction / lease re-gear)
• Service charges (reductions / deferrals)
• Payment frequency (quarterly in advance / monthly in advance / monthly in arrears)
• Utilities (reductions / deferrals)
• Business Rates

Suppliers (3^rd biggest cost)

• % reductions during lockdown
• Support for a phased return (e.g. IT / Practice Management Systems)

Q&A

This call wasn’t recorded