New Tax Office Warning – your practice could be facing a double risk?!

Breaking news : Watch out doctors ATO takes aim! I raised this news story with the Medical Observer last week and it made the headlines see: http://www.medicalobserver.com.au/news/frypan-to-fire-tax-traps-for-gps and http://www.medicalobserver.com.au/news/watch-out-docs-ato-takes-aim. Unfortunately, if your doctors or practitioners are affected by the recent Federal Tax Office announcement then your practice may be simultaneously exposed to a significant payroll tax

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How to opt out of the Government’s national electronic health record now

Seriously how safe will your personal health records be? The Australian Government announced in 2017  the creation of a My Health Record for every Australian to have by the end of 2018. The ABC’s recent article My Health Record: Your questions answered on cybersecurity, police, and privacy boasts the now in trouble with Privacy Laws Health

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Health Engine Patient Data scandal; what should you do next?

After a recent national patient data breaches headlines …. ‘Scandal-hit HealthEngine axes third party referrals, patient reviews’ ‘HealthEngine app announces ‘major changes’ after doctor and patient backlash’ This important article comes from an independent law firm Peripheral Blue.  Now is a good time to consider what you need to do. Even amidst the (almost daily)

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Medicare Audit Anxiety is hurting patient care; High Court Challenge – Thank you Julian Burnside QC – complete the survey

Medical error is the third biggest cause of death, and the following is yet another systemic example. Source: Medical error the third biggest cause of death A doctor once told me the that current Medicare audit system runs like an insurance company that sends you to a cheaper repairer who does less work on you,

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What am I doing wrong? How does a practice keep up with practice overheads and continue to provide quality patient care?

The recent Medicare increase is equivalent to a wage earner receiving a 1.5% p.a. pay rise after a decade of pay freezes. Practices will either have to cut costs or work longer hours, risking burnout. On 1st July wages increase up to 3.5% but Medicare increases by less than 1.5% after a long freeze.  

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The Royal Commission: cannot legislate good behaviour, so how do you protect yourself?

Five key tips towards finding a trusted ethical financial adviser In this article we cover the following key tips: Being financially self-aware and literate is the best protection you can give yourself Do not be fooled by glossy brochures and flashy offices, qualifications  or professional associations or organisations Do not be rushed into to doing anything, and

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New Data Privacy Laws breached every two days!

Australians’ sensitive health information, including data on women who have had abortions, is not being properly protected, a News Corp investigation has found. Under a new mandatory notification scheme, businesses must now report a data breach to the Office of the Australian Information Commissioner.  The first 37 days of the new mandatory notification scheme has

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New Tax warnings for doctors – Health care home tax ruling and excessive income splitting and service entities

There are two areas of concern: Homecare tax ruling Excessive income splitting and service entities   Homecare tax ruling Practices have been given up to 18 months to get compliant or lose out on the Practice Incentive Payments (even though trials are taking place). It is not certain whether the program will actually ever be

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Does your professional association represent you? What do you personally risk losing?

It is so important professional membership associations and not for profits to walk the talk when it comes to representing their members as well as the community’s best interest. This is about being open, transparent and accountable. By taking this for granted, this will risk any statutory privilege provided by the Government that their members

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Readers question – Why start succession planning when you start up your practice?

We have just received an important question from a reader, regarding succession planning. Practice manager ‘Ali’ asked; when do you start to think about succession planning… in particular about issues such as timelines, how long it takes on average to sell a practice, and whether staff are retained versus replaced?  When should you start planning? 

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Fixed Fee Financial outsourcing of your bookkeeping and or accounting – NEW!

If you cannot measure it you cannot manage it! Australian first for healthcare practices a new way to lower your overheads and improve profitability. What are the three important things people want in life? Go big, boutique or broke by tackling two of your greatest stresses There are three important things people want in life: That

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Doctors pay Calculator (‘DPC’) and service agreement a new national service just got easier and more cost effective! – NEW

Australian first for healthcare practices a new way to lower your overheads and improve profitability – NEW! Are you being paid correctly? You cannot afford to get your key providers pay wrong.Keeping their trust is a must. If you are paying providers a percentage of their gross fees, you will be pleased to know you

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VIDEO’s ON DEMAND – New Video Releases

We have a library of our cutting edge seminar presentations made around Australia. Armchair Medical have made this initially available free. (We received no commissions or payment for this service). If you are interested in clinical and non clinical topics, Armchair Medical offer a low cost subscriber option. They offer excellent and timely advice tailored

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Your Medical Records Exposed… Confirmed!

As I predicted in February 2016, your personal health record is being exposed, with or without your full knowledge. The Federal Government’s new $2bn national patient electronic health record system rollout is at full throttle. This potentially means others have electronic access to your mental health, drug and alcohol abuse, sexually transmitted disease, domestic violence, and

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Why we nearly liquidated our high profile international professional body CPA Australia

Dear readers; you are probably wondering why I, David Dahm am involved with this matter. The answer is simple. It has to do with my work in promoting the accounting profession (and issues in the medical profession as well – in particular how the medical and health care professions can reduce fatal medical errors.) After

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HEALTH AND LIFE IN THE MEDIA

Tax nightmare looms healthcare homes May 2017 Disease challenge April 2017  – the need for standards David Dahm’s innovative solution to prevent ‘bullying’  international healthcare standards and his views on the ethics board was cited in the American Journal of Physicians and Surgeons December 2016 David is interviewed on top practice tips you can implement.

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To reduce fatal medical errors, look to the world of accountancy

AFTER heart attacks and cancer, medical errors are the third biggest cause of death in Australia. And believe it or not, there’s an easy solution without having to invest the billions we spend on other medical research. For full video presentation click here Human error accounts for about 40 deaths per day in Australia’s health

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Fair Work National Underpayment of Wages Phone Audit Blitz! Risk a $54,000 fine?!

Fair Work National Underpayment of Wages Phone Audit Blitz! Risk a $54,000 fine?! Practices risk a fine up to $54,000 per breach. Time poor practices who do not keep their documentation up to date are at risk. Paying above the Award rate is not enough. Fair Work Australia are randomly calling practice staff i.e. your

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Why are new GP’s terrified of Practice Ownership?

Why are new GP’s terrified of Practice Ownership? The fear factor…!  News reports http://www.healthandlife.com.au/wp-content/uploads/2016/01/Id-be-terrified-Why-new-GPs-fear-practice-ownership.pdf that new GPs are terrified of practice ownership is more a myth than a reality. Ignorance is the source of much unnecessary fear. Clearly many practice do not have any succession planning programs in place which is breeding much uncertainty in practice.

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Got a spare appointment Doc? New immunisation law – no jab no pay from 1 January 2016 plus more!

Got a spare appointment Doc? New immunisation law – no jab no pay from 1 January 2016 plus more! The financial incentive for your children to get an immunisation jab is on. It may improve your health and wealth. We always believe in empowering patients to have freedom of choice through education. This is a personal family decision

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Congratulations: More clients making the RACGP National Awards!

Congratulations to Littlehampton Medical Centre and Inglis Medical Centre. They both feature in the latest national RACGP (Royal Australian College of General Practitioners) magazine. The RACGP each year recognises practices for their approach to patient’s health and wellbeing. The award criteria takes into account a number of factors, including services offered to patients, health promotion

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Do you use standard contracts/agreements in your practice? Are they legally binding? New ACCC Law 2016

Do you use standard contracts/agreements in your practice? Are they legally binding? New ACCC Law 2016 This new “standard form” law is designed to protect smaller parties such as contractors, employees and suppliers from unfair contract terms and conditions. If there is a breach, this term or agreement may not be legally enforceable. “A standard

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New Pathology Pain: Warning for GP Practices: There is a price for certainty!

New Pathology Pain: Warning for GP Practices: There is a price for certainty! Practices are on notice. In December 2015, the Senate proposed dramatic changes to reduce patient pathology and radiology rebates. These were announced by the Government late last year. We advise our pathology and radiology related clients that these changes in government policy may

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Your doctor is being set up to fail – the evidence so far …!

It is time to end the blame game, defend doctors and provide an actual solution for restructuring the MBS, following the comments from Federal Health Minister Sussan Ley in the wake of the recent 4 Corners report see http://www.abc.net.au/4corners/stories/2015/09/28/4318883.htm and http://www.healthandlife.com.au/wp-content/uploads/2015/09/TV-show-points-finger-at-GPs-for-much-of-Medicare-waste.pdf. These statements were comments on the alleged rampant misuse of outdated Medicare Benefits Schedule (MBS)

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Succession Planning – Will Practice Manager co-ownership save healthcare practices?!

Practice owners are increasingly interested in what we call succession planning paralysis. There are three important things to consider. What is succession planning, how do you find a purchaser and what is your Practice worth? The perception that there is a continuing workforce challenge, increasing complexity, declining fee growth rates and profit margins has resulted

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