Even if the global sum increased annually by 2.7 per cent, half of all practices will see no increase in income for five years, said the Association of Independent Specialist Medical Accountants (AISMA). It would be 10 years before practices with the highest correction factors saw any rise in income.
Following last week's recommendations from the Doctors' and Dentists' Review Body, any increase in the global sum will now effectively be cancelled out by a reduction in correction factor payments, says AISMA.
Bob Senior, vice chairman of AISMA, said: ‘Practices with young populations or multiple branches will lose out big time.'
The GPC is now in discussions with the DoH over the decision. They say it goes against the original contract agreement that the correction factor would stay the same and was not discussed in recent contract negotiations.
GPC chair Dr Laurence Buckman said: ‘Do you think we wouldn't have protested if they had changed the contract? Nothing has changed. They are doing something outside the contract.'
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