2020-21 Budget update – How it affects medical practices and practitioners

By Belinda Hudson on 12/10/20 - 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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Are you ready for practice ownership?

By Jennifer Rees on 12/10/20 - Mins to read: 3 minutes

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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Benchmarking your practice

By Belinda Hudson on 12/10/20 - Mins to read: 3 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 12/10/20 - Mins to read: 3 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 12/10/20 - Mins to read: 3 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 12/10/20 - Mins to read: 3 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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