Health

Taking the step to owning a practice is both exciting, daunting and many other emotions all at the same time. The path will be different depending on whether you are joining an existing practice or starting your own. Here are 5 key questions to ask yourself before you decide whether...
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As experts in the business side of medicine, we understand that time-poor practice owners tend to neglect the business side of their practice and sometimes their personal wealth building as well. With a new financial year having just commenced and changes happening to the way GPs do business, we share...
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‘Benchmarking’ is a term that has been around for many years in the business world, and it can go in and out of fashion just like your favourite pair of jeans. So, in today’s healthcare industry, is benchmarking still relevant? How does it work and how do you interpret results?...
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If you’re starting to consider retirement and the sale of your practice, you’re not alone. With the aging of the Baby Boomer generation (those born between 1946 and 1964), the percentage of Australians set to retire is dramatically increasing and will continue until approximately 2034. We can, therefore, assume there...
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The impact of digital is transforming the Australian health sector by enabling new and emerging models of care, which will change the future delivery of health for the better. However, the journey to this health utopia has been a ubiquitous challenge not only in Australia, but worldwide. The emerging models...
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As discussed in Part one of this article, retirement planning is more important than ever. A 65-year-old who lives the average lifespan will need to generate returns over a 20-plus-year time period. There are also clear distinctions between the types of asset classes you require in your retirement. In your...
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