'Cheaper to take on a partner than a salaried GP'

GP leaders and accountants believe it may now be cheaper to take on a partner than a salaried GP.

Laurence Slavin: salaried GPs are not as hard done by as some people think
Laurence Slavin: salaried GPs are not as hard done by as some people think

A principal will cost a practice nearly £8,000 a year less than a salaried GP once extra non-clinical work is allowed for, according to accountants.

Specialist medical accountants Ramsay Brown and Partners say it would cost a practice £101,440 to pay a salaried GP to work the average number of clinical sessions a partner works, close to the average £106,072 income for a partner.

This is because although salaried GPs earn an average £55,790, data show they work 5.3 clinical sessions compared with 7.6 for partners, who carry out up to a session of additional work on administration. Practices also must also pay national insurance and superannuation on top of their salaries.

Laurence Slavin, a partner at the specialist medical accountancy firm, calculates that partners perform their 7.6 clinical sessions for £93,738, less than the cost of a salaried GP for the same hours.

‘This shows salaried GPs are not as hard done by as some people think,' he said.

Meanwhile, the pay gap between principals and salaried GPs in Wales is now less than £6,500, says GPC Wales.

A small pay rise for salaried GPs and an income drop for principals would mean it is more attractive to appoint a partner than a salaried GP, says GPC Wales chairman Dr David Bailey.

Once the cost of GPs' professional development is included, practices may realise that ‘the actual cost of employing a salaried doctor is higher'.

‘Practices must look at the bottom line, not the top line,' Dr Bailey said.

Video - Partners vs salaried GPs: What GPs think

 

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register

Already registered?

Sign in

Follow Us:

Just published

30,000 GPs face uncertainty over pension tax risk for 2017/18

30,000 GPs face uncertainty over pension tax risk for 2017/18

More than 30,000 GPs do not know if they will face pension tax charges for 2017/18...

NHS 'rapid response' teams must not drive up GP workload, warns BMA

NHS 'rapid response' teams must not drive up GP workload, warns BMA

NHS 'rapid response' teams being rolled out from April to help older people avoid...

Councils demand transformation of London's ageing GP surgeries

Councils demand transformation of London's ageing GP surgeries

Council leaders in London are calling for a transformation of the capital’s 'ageing...

GP demand greater focus on underdoctored areas as access inequalities grow

GP demand greater focus on underdoctored areas as access inequalities grow

GP leaders have called for a greater focus on recruitment to underdoctored areas...

Draft PCN plans put practices' financial stability at risk, say London GPs

Draft PCN plans put practices' financial stability at risk, say London GPs

Draft service specifications for primary care networks (PCNs) threaten the stability...

One in six GP practices linked to parkrun events

One in six GP practices linked to parkrun events

More than 1,350 GP practices across the UK have linked up with a local parkrun event...