Emerging business trends in primary care: Payroll tax in Victoria and Practice viability

This is the second in our series of the education sessions focusing on Emerging business trends in primary care. Join Avant Law and Avant Practice Solutions as we explore the latest solutions to increase revenue and efficiencies for your practices. We will also explore the most recent payroll tax updates.

It can be difficult for practices to understand where improvements can be made in day-to-day operation. In this session, we will consider what tools and resources you can implement to increase your efficiencies. 

One of the key challenges faced by practices is retaining and incentivising staff and practitioners to consult from the rooms. Without these resources revenue can be difficult to grow. We will consider how you can make your practice more appealing and what incentives you can utilise.  

While the payroll tax landscape has caused unrest in the industry, it is important to keep these changes in perspective. Practices should ensure that careful consideration is given to potential changes in operations to maximise upside and minimise risks. Key aspects of the current state of play in Victoria and how to assess potential liability will be discussed.   

Speakers:

Dr David Williams is General Manager of Avant Practice Solutions and a practicing neurologist. Since 2010 he has managed his own practice, which now has 40 doctors over five sites. During that journey he has applied his learning to build Avant Practice Solutions, which supports hundreds of general practices around Australia with practice management consulting, off-site reception support and medical bookkeeping. David works closely with his experienced team of practice managers to deliver highly efficient services to help improve practice performance.  

Marko Novakov is a Senior Associate in the Commercial and Corporate Law practice at Avant Law Commercial, based in Melbourne. He has a wide range of experience in private practice and in-house legal roles, assisting clients on a range of commercial transactions and disputes, privacy and corporate governance, and business structuring and restructuring. Since 2023, Marko has focused on assisting clients in the health industry. He enjoys working closely with clients, providing solutions-focused advice to help them achieve strategic and commercially sensible results.

To sign up for our first session in our education series focusing on emerging business trends in primary care, click here.

This presentation is not comprehensive and does not constitute legal, professional or medical advice. You should seek legal or other professional advice before relying on any content, and practice proper clinical decision making with regard to your individual circumstances. Persons implementing any recommendations contained in this publication must exercise their own independent skill or judgement or seek appropriate professional advice relevant to their own particular practice or circumstances. Compliance with any recommendations will not in any way guarantee discharge of the duty of care owed to patients and others coming into contact with the health professional or practice. Avant Mutual Group Limited or any of its subsidiary companies are not responsible to you or anyone else for any loss suffered in connection with the use of this information. Information is only current at the date initially published. © Avant Mutual Group Limited 2024

Learning outcomes:

1. Processes and tools that can be implemented to increase efficiencies in practice.
2. How to increase practice viability by adapting and implementing necessary change.
3. An understanding of the current payroll tax landscape in Victoria and how it may apply to your practice.
4. How to take steps to assess potential liability for payroll tax.