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
Author: David Dahm
1st July 2015 new 2.5% Award pay rise or freeze and more?! Did you know that on the 1st July 2015 your staff may be legally entitled up to a 2.5 % pay rise? Note the industrial general Award increase was 2.5%. It is important to refer to the specific Awards below some payments are up to 3%.
There has been some recent media about what patients want and even what doctors want. Reportedly, a new video even made doctors cry, see below for more information. We have summarised the recent media below for you. This is really useful and important information. We do not endorse any of these findings, however they
There has been a lot of media coverage and how it may impact you. This is a brief and practical summary sourced from the Actual Budget Papers on what you should ask your advisers. The two parts that we think are particularly significant are below in Health – 10 significant healthcare changes and Tax – 6 tax
Less Pain if you Restructure your Practice Now! Five simple reasons why practices should restructure now before it becomes a more expensive headache! (For a positive restructuring experience before 1st July contact David Dahm at pa@healthandlife.com.au or 1800 077 222). Significant health reform will affect everyone. The government is proposing to extend the Medicare freeze for
The day’s of a “Gentlemen’s agreement” (i.e. hand shake agreements not putting agreements into writing) are over….! It is time to finally take control and eat well and sleep well to this recurring problem! We are aware of practices that have been recently hit with payroll and contractor audits. This is a new warning bulletin
Breaking news! Federal Health Minister offers your GP a lifeline! The national media have reported that the Federal Health Minister is open to doctors charging an “additional fee” when a patient is bulk billed. This provides practices an excellent opportunity to overcome a six year Medicare freeze (the first Medicare freeze commenced in 2013). We
Breaking News – Latest update 1st March 2015 We continue to express concern about the viability of training positions, that the new 2015 national minimum terms and conditions impose on practices. All GP registrars must now be employed. We note the 2015 national minimum terms and conditions wages are on average 30% higher than the Award. Special Fair Work
Updated 5th March 2015 2015 welcome back! It is fantastic to be back into the full swing of things. For 2015, we have many new and exciting initiatives to share with you and our amazing clients. We hope you had a safe and well rested break over the holidays with your loved ones. 2014 had been an
‘Integrity Defines Success’ ‘Integrity Defines Success’ David Pridham and David Dahm at the University of South Australia’s (Great)Pridham Hall Opening. David Dahm three wise words are ‘Integrity Defines Success’. This was officially with many others etched on the ‘Inverted Pyramid. For information see Great Hall Donor Congratulations to the Honourable Member Christopher Pyne for 25
In most areas of our lives we accept that when we are hiring the skills or expertise of others that we are, in effect, yielding to a greater authority. This is often true of everything from financial advice, to legal advice, to mechanical and car related advice or even paying for a meal prepared
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
I am delighted and humbly honoured to have made the State National Finals! Thanks to the Australian Institute of Management for accepting our nomination of national Owner Manager of the year for 2014. The Australian Institute of Management runs an annual Excellence Award that we are proud to be a small part of. Many thanks to my
BREAKING NEWS 20th October 2014 – Medicare reverses its decision New Double Dipping Ban is on from 1st November 2014!! If this happens then the read the rest of this article about what you need to think about. For some practices either redeploy your staff or start doing things differently. Let us know what you think! http://www.australiandoctor.com.au/news/latest-news/double-dipping-ban-to-hit-on-1-November
The budget has a number of overwhelming changes that could seriously impact your practice. Here we cover the two most important ones, and provide a practice solution for your organisation. On the 1st July 2014 wage rates should be increased by 3% p.a. For practices that predominantly receive the Medicare Benefit Schedule rebate, the rebate has been frozen
Fast Medicine puts your health at risk! Is this fair? Can you imagine if your boss told you “Your wages will be frozen for the next 4 years and your hours will be cut by 20%” while the cost of electricity, groceries and other living will continue to increase by 3% p.a. (Breaking news: It was announced
What do you think? The media has reported an immediate drop in GP visits see Most private and mixed billing practices we have interviewed, state their patient numbers have held steady. Dr Pasquale Cocchiaro (Family GP) says.. “We have noticed a slight decrease in numbers since the announcement, but there is confusion about when it is to be
