‘Cash is king’ is a phrase we have all heard, and seems to have more significance in general practice these days than ever before. Why is cash so important? Anyone who has had cash flow problems and an inflexible bank manager will know just how frustrating it can be to have to worry about paying the bills.
Last week, I met with a practice where these issues came sharply into focus. Cash flow had become a problem after a partner retired and the practice paid their superannuation balancing payments in advance.
