Telehealth and the new normal

By Allana Gregson on 10/11/20 - Mins to read: 3 minutes

In response to the coronavirus pandemic, the Australian Government made temporary telehealth items available through Medicare to help reduce the risk of transmission and provide a safer way for patients to receive medical assistance. This applies to patients of GPs, specialists, dentists, maxillofacial surgeons and mental health professionals, among others....
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The financial mistakes health professionals make early in their career

By Alessandra Forero on 10/11/20 - Mins to read: 3 minutes

As advisors to a significant number of medical professionals, we often see these professionals make less than optimal financial decisions throughout their working career and at retirement. Given the level of commitment and discipline medical professionals need for their careers, finances can often “take the back seat” and decisions can...
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2020-21 Budget update – How it affects medical practices and practitioners

By Belinda Hudson on 10/11/20 - Mins to read: 3 minutes

On 6 October 2020 the Federal Budget was handed down and there were no real surprises either good or bad, although there were some items of interest for Medical Practices and Practitioners, as detailed by Belinda Hudson below. COVID-19 Telehealth As previously announced, the temporary MBS telehealth codes continue through...
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Dr Insights – Secrets to a successful medical practice

By Trent Antonio on 10/11/20 - Mins to read: 3 minutes

COVID-19 has been a challenging time for everyone, particularly business owners, including those who are trying to run a medical practice. This period has put the ‘acid test’ on a lot of systems and procedures that have otherwise been left unchecked, with many found wanting. Here at William Buck, we’ve...
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When it comes time to think about selling your practice

By Paul Copeland on 10/11/20 - Mins to read: 3 minutes

It can be hard to know when to sell your practice. There may never actually be a “right” time. As such, holding on for that optimal point may just be holding you back from the next phase of your life. When you are thinking about stepping back from ownership, remember...
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Medicare audits and the implications for Doctors

By Belinda Hudson on 10/11/20 - Mins to read: 3 minutes

Over the last three years, there’s been a large increase in the number of medical practitioners subjected to a peer review by the Professional Services Review Agency. With the increase in data matching and the use of algorithms to monitor and review inconsistencies, it’s likely that these numbers will continue...
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