if you want to become a GP Partner?

........if u want to become a partner in a GP practice, do you have to pay/invest money first and if so, how much? also, do you get a share of the profits????

Reply 1

RetiredAccount89

18

sapphirar

........if u want to become a partner in a GP practice, do you have to pay/invest money first and if so, how much? also, do you get a share of the profits????

Don't becoem a partner, just work GP locum. They earn obscene amounts. I know a doc who comes from S.Africa works a month, then goes home for a month. Makes so much in the month he works here, he doesn't have to work at home.
shocking.

Reply 2

anita_xx

sapphirar

........if u want to become a partner in a GP practice, do you have to pay/invest money first and if so, how much? also, do you get a share of the profits????

Yes you do have to invest money because you basically buy a share of the practice. The amount depends on the share of the practice you are buying (obviously becoming a 50% partner costs more than becoming a 25% partner) and on the size of the practice (it will cost more to buy into a large thriving practice than a small struggling one). You get a share of the profits which is related to the share of the practice which you own.

If you become a salaried GP, you don't have to invest any money in the practice, but you get paid proportionately less, for the hours you work, than a partner would. Of course, as stated above, you *could* just be a GP locum, but this means you have to be prepared to move all over the country every few weeks, plus you miss out on the 'golden handshake' (which I think is currently about £5000) which GP's get after doing 2yrs in the same practice.

Reply 3

RetiredAccount89

18

anita_xx

Yes you do have to invest money because you basically buy a share of the practice. The amount depends on the share of the practice you are buying (obviously becoming a 50% partner costs more than becoming a 25% partner) and on the size of the practice (it will cost more to buy into a large thriving practice than a small struggling one). You get a share of the profits which is related to the share of the practice which you own.

If you become a salaried GP, you don't have to invest any money in the practice, but you get paid proportionately less, for the hours you work, than a partner would. Of course, as stated above, you *could* just be a GP locum, but this means you have to be prepared to move all over the country every few weeks, plus you miss out on the 'golden handshake' (which I think is currently about £5000) which GP's get after doing 2yrs in the same practice.

note of course that practice gps actually have to pay for the facilities they use (sounds barmy but is true), which of course they recoup alot of through the partners. locum gps don't get this.
I might be talking about just one group of locums though (an agency derived lot - they get paid stupid amounts) as opposed to your standard locum.
You have to remember that the NHS being the mess it is in some places, some areas are so understaffed that when one doctor falls ill/goes on leave for pregnancy, death in family etc then it is crucial no matter the costs to get cover - fast.

if you want to become a GP Partner?

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