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Benchmarking Assessment Service

Overview of Practice Assessment blue banner,.

What is Benchmarking?

Benchmarking is the process of comparing the performance of your practice to other practices within the industry. A benchmarking assessment will assist your business practice's growth and analysis of a practice's performance. 

Why is benchmarking essential to your practice? 

It is an essential process for any business practice, be that against other similar businesses, or your past or future forecast performance. It will identify areas of strength, and help to determine areas requiring improvement.

"If you always do what you've always done, you'll always get what you've always got." - Henry Ford

Gaining clarity and improving practice performance and operational management makes a real difference both in financial rewards and owner/practice manager peace of mind in addition to making your practice ready for sale, succession or capital raising.

Benefits of Practice Assessment blue banner,.

The benefits of business practice assessment are:

  • Knowing how your practice is performing compared to industry standards with consideration to size and location.
  • Identifying the areas of your practice that are performing poorly and requires urgent attention.
  • Stimulate strategic discussions regarding aspects of your practice performance.
  • To provide a reference for setting performance expectations - therefore improving the business (practice) performance.
  • To enhance the financial viability of your practice, to make it more attractive to prospective business partners (succession planning) and to illustrate levels of financial management for financiers.

Service inclusions for a Practice Assessment blue banner.

The benchmarking assessment will involve the following:

  • A review of your practice's financial records over the past three years.
  • A review of non-financial information such as levels of staffing, the numbers of practitioners, appointment structures of practitioners, the operational details of your practice.
  • Analysis of financial performance against similar business with consideration to size and location, including identifying the profit improvement potential.
  • The benchmarking exercise should be repeated yearly to see what has changed. What has happened in the sector and son on.

Facilitator

Danny Haydon, Principal Brentnalls Health
Danny Haydon | Principal at Brentnalls Health
"Most clients don't know the full potential of their practice. It's my job to help them uncover and realise the true value of those opportunities."  

Learn more

Helping practices achieve their goals is our passion. Our strength is in our dedicated professional health team ready to support your journey. Make the time today to book an appointment with Danny Haydon | Principal, Health Division.

Cost

Your investment in the our Benchmarking Assessment service will be advised once the full scope of the work has been determine.

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Our Services

Our services go beyond compliance to find out more about your goals, your priorities and establish plans to grow and protect your future wealth. We will take the time to listen, ensuring we meet your goals, as well as guide you so you have a better understanding of the financial decisions being made. Our services include:

Accounting & Tax
Business Advisory
Wealth Creation & Preservation

Our People

Our Partners & Principals want to be part of your team that drives your future success, that provides you with solutions to your challengers. More importantly, who listens and knows exactly where you are going and what you want to achieve financially. 

"Helping you achieve your dreams, is our passion, and our strength is in our dedicated professional team."

 

News & Resources

Our priority is to ensure your kept up-to-date on trends, industry legislations, accounting and tax updates, business advisory information, superannuation and much, much, more. All of which, may have an impact on you and your business. Our resources provide additional supporting information in the following areas: 

Newsletters
Fact Sheets
Checklists
News Articles
COVID-19 - Information Sheets
COVID-19 - Brentnalls SA Response

Our Location

255 Port Road
HINDMARSH SA 5007

PO Box 338
Welland SA 5007 

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P: (08) 8241 8444
F: (08) 8241 8488

E: [email protected]

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