GMS profits up 1 per cent more than PMS

UK GMS GPs enjoyed a higher percentage profit increase in 2005/6 than their PMS counterparts, according to figures from the DoH's Information Centre.

GMS GPs averaged profits of £106,312 (up 10.4 per cent), compared with PMS GPs on £120,272 (up 9.2 per cent on 2004/5).

Figures for UK GPs, excluding salaried GPs, showed that gross turnover rose by 6.5 per cent to £245,020.

Average expenses were £135,016, an increase of 3.9 per cent. This means that average profits were £110,004, an increase of 9.8 per cent.

A breakdown revealed average net profit rose most in Wales (up 11.6 per cent to £102,194), then England (up 9.7 per cent to £113,614), Scotland (up 9.6 per cent to £90,619) and Northern Ireland (up 8.2 per cent to £98,656). The figures include both NHS and private work.

Figures for salaried GPs were much lower, with 2005/6 average pre-tax earnings at £46,905. The data do not differentiate between full- and part-time GPs. There is no 2004/5 comparison.

The headline 10 per cent rise was seized upon by sections of the media, with The Independent splashing on the story headlined 'Doctor, doctor, how can you justify a 10 per cent pay increase, a year after you were given a 22 per cent hike? Is this a sick joke?'

GPC chairman Dr Laurence Buckman responded, saying that the figures pre-dated the two-year pay freeze period.

'We know from a UK-wide GP survey that three quarters of GP principals expect income to go down in 2007/8.

'There is a limit to the efficiencies you can make and the inflation effects you can absorb on a zero pay award: 0 per cent for GPs in 2007/8 could actually equate to a 6 per cent cut in income in real terms,' added Dr Buckman.

Dr Buckman said that GPs were now being penalised for rising to the challenge of performance-related pay for delivering the quality of care that the government had asked for.

He also pointed out that 2005/6 figures included the planned increase in the value of one quality framework point from £75 to £124.60.

The GPC chairman criticised the inclusion of dispensing doctors in the figures. 'They earn more than non-dispensing GPs who form the majority because they are effectively running two businesses,' he said.

Dr Buckman added that non-dispensing self-employed GMS GPs earned £102,648 in 2005/6 for both NHS and private work.

neil.durham@haymarket.com

Comment below and tell us what you 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

Viewpoint: Latest government white paper is missed opportunity to reform the GMC

Viewpoint: Latest government white paper is missed opportunity to reform the GMC

The government must not lose sight of promises to reform professional regulation...

UK COVID-19 vaccination programme tracker

UK COVID-19 vaccination programme tracker

GPs across the UK are playing a leading role in the largest-ever NHS vaccination...

Locum GPs half as likely as partners to have both COVID-19 jabs by end of February

Locum GPs half as likely as partners to have both COVID-19 jabs by end of February

Locum GPs were half as likely as GP partners to have received two doses of COVID-19...

One in six doctors report COVID-19 vaccine sites disrupted by delivery failures

One in six doctors report COVID-19 vaccine sites disrupted by delivery failures

One in six doctors say local vaccination sites have been forced to rearrange sessions...

Planned 1% NHS pay rise threatens 'terrible impact on patient care', unions warn

Planned 1% NHS pay rise threatens 'terrible impact on patient care', unions warn

Government plans to increase NHS staff pay by just 1% for 2021/22 will damage patient...

What do we now know about the effectiveness of the COVID-19 vaccines?

What do we now know about the effectiveness of the COVID-19 vaccines?

As real world data about the impact of the Pfizer/BioNTech and Oxford/AstraZenca...