Their income is based on the number of patients you will see and a percentage of your billings. The percentages vary between 65% and 75% for GPs who are a fellow of the RACGP or ACRRM – also called Vocational Registered GP (VR GP).
GPs are almost never 'salaried employees' as in most other countries. Australian GPs bill Medicare for the fee according to the type and number of consultations. A percentage of these fees is then paid to the practice as a service fee, and the GP keeps the remainder which is usually 65-70% of the total billings.
GPs are independent contractors working for the NHS, and do not receive a salary. Each practice has individual funding, calculated through a complex process of national guidelines and local negotiations. The surgery receives funding for the day-to-day running of the practice, and pays the doctors and staff from this.
It also reiterated the BMA and the European Union of General Practitioners' recommendation that in order to deliver safe care, GPs should see no more than 25 patient contacts per day.
GP salary in Australia per hour can range from AUD$90 to over AUD$200 for highly experienced practitioners. However, this hourly rate may not accurately reflect their overall income, as GPs often receive additional income from factors like bulk (bulk billing) and private billing for patient consultations.
What can I earn as a General Practitioner? The average annual salary for General Practitioner jobs in Australia ranges from $360,000 to $380,000.
General Practitioner salary in India with less than 1 year of experience to 15 years ranges from ₹ 1 Lakhs to ₹ 20 Lakhs with an average annual salary of ₹ 3.9 Lakhs based on 777 latest salaries.
GP practices were paid an average of £163.65 per registered patient in 2021/22, according to new data released by NHS Digital. The report NHS Payments to General Practice in England presents information on NHS payments made to general practices, walk-in centres and combined walk-in centres and out-of-hours practices.
1 in 4 GP appointments potentially avoidable.
National trends in England. In October 2022, the number of patients per doctor (whether a trainee or fully-qualified GP) at GP practices was 1,700 in England. This varied considerably, with some GP practices having several thousands of patients per doctor, and some having hundreds.
GPs are being paid millions a year to conduct health 'MOTs' - despite checks having 'very modest benefits for patients' Family doctors are being paid millions of pounds to conduct health 'MOTs' which have only marginal benefits, a major review has found.
GPs are paid less than specialists. For example, specialists earn 85 per cent more in the UK, where the average annual gross salary for GPs was €73,408 while specialists received €136,375 on average. In 2020, the difference was 45 per cent in the Netherlands.
GPs earn "points" - which are converted into bonuses - for reaching a range of targets, including patient satisfaction, monitoring blood pressure and managing long-term conditions such as diabetes and asthma.
Becoming a GP is quite a long and involved process. You will need to complete an accredited university-level qualification, before completing an internship and further specialist training. Step 1 – Complete Year 12 with a focus on English and Maths. Biology, Chemistry and Physics might also be useful.
Superannuation is a government savings program which ensures that while you work, you save money to live on in retirement. Superannuation applies to employees, but most GPs work as independent contractors and are responsible for organising their own superannuation provision.
Receptionists are asked to collect brief information from patients: To help doctors prioritise house visits and phone calls. To ensure that all patients receive the appropriate level of care. To direct patients to see the nurse or other health professional rather than a doctor where appropriate.
Based on a widely accepted formula of 72 appointments per 1,000 patients each week and an average list size of 1,600 patients (per GP), the report, Safe Working in General Practice, proposes that GPs should be offering 115 appointments a week – an average of 23 a day over five days.
The primary disadvantage of being a salaried GP is that the remunerations are lower than a locum GP and you generally have to work harder affecting your work life balance. A GP Partner will share responsibility for the running of the business and gives you the most control over how the practice develops.
It is very low risk. Most owner GPs earn at least an extra $100,000 a year profit and net cash flow every year. After two decades this compounds out to a very large difference, millions of dollars of difference in the net wealth position of owner GPs compared to non-owner GPs.
Medical services costs
Under the MBS, Medicare pays 85% of the schedule fee for a specialist and 100% for general practitioners. If your health practitioner bulk bills for medical services, Medicare pays the cost straight to them (they accept the schedule fee as full payment), and you don't pay anything.
Current BMA standards for a session of GP care is 4 hours 10 minutes.
Neurosurgeons earn the highest annual salary in Australia at over $600,000.
The average wage of doctors in Australia sits somewhere between $100,000-$400,000 (we wrote more about this here). That's an incredibly wide range, so let's try to break it down further. Indeed reports the average wage for a general practitioner in Australia is $224,507 or $147 per hour.
Working as a GP in Australia can be one of the greatest opportunities for some doctors. Australia offers a unique work/life balance that can be an ideal option for families and singles. Australia is one of the world's best countries to live and work.