Critical business issues facing practices now

By William Buck on 18/07/19 - Mins to read: 4 minutes

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 your practice

By Belinda Hudson on 18/07/19 - Mins to read: 4 minutes

‘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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Selling your practice to Millennials

By Belinda Hudson on 18/07/19 - Mins to read: 4 minutes

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 implications of digital health and the emerging models of care

By Mark Calvetti on 18/07/19 - Mins to read: 4 minutes

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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Planning for retirement: part two

By Zeb Ashton on 18/07/19 - Mins to read: 4 minutes

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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The digital health dilemma

By Gil Abras on 18/07/19 - Mins to read: 4 minutes

The My Health Record controversy will create a digital divide between the ‘opt-in’s’ and ‘opt-outs’ and ultimately, the delivery of immediate and streamlined 21st century medical outcomes for patients. The introduction of My Health Record in Australia was aimed at helping patients and doctors access timely medical information – referral...
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