So much has changed since the formation of PCNs at the beginning of last year in terms of availability of funding and staff and the governance of how we run our networks. As a result, many partnerships, practices, and networks are reconsidering their financial models and specifically, whether incorporation could prove more lucrative in the long run. This week’s podcast features our (almost) resident financial expert, James Gransby, Partner at RSM, who has waded through the reams of guidance and jargon to explain in simple terms what the pros and cons of PCN incorporation are likely to be; what are our options, what we need to watch out for and where the hidden benefits may be.

 

Introduction (36 secs)

What does incorporation mean and is this the direction of travel for PCNs? (55 secs)

Why PCNs may choose to change their financial model at this stage (1 min 38 secs)

VAT implications broadly (2 mins 11 secs)

Incorporation pros (3 mins 17 secs)

Setting up a PCN as a separate entity (4 mins 19 secs)

NHS pensions (5 mins 7 secs)

CQC registration (6 mins 38 secs)

What are the other governance obligations an incorporated body would have to meet? (7 mins 2 secs)

VAT and staffing setup (8 mins 11 secs)

Tax benefits? (9 mins 26 secs)

Impact and Investment Fund monies (10 mins 49 secs)

Should a PCN incorporate itself or use a local, already incorporated, federation? (11 mins 28 secs)

Will overall funding increases lead to a greater number of limited companies? (12 mins 33 secs)

A PCN in the open market… (14 mins 8 secs)

…versus as an NHS organisation (14 mins 55 secs)

GP practices and incorporation (15 mins 36 secs)

PMS agreements and GMS contracts (18 mins 12 secs)

Getting in touch (18 mins 58 secs)

 

James is contactable via email at: [email protected]