The ‘employee vs contractor’ distinction has always been a complex one – and the High Court has traditionally emphasised the importance of using a multi-factorial approach that focuses on the ‘totality of the relationship’.
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There are many reasons why people look to sell their medical practice. Perhaps it’s because you have been approached by an interested party, or maybe you are looking to retire sometime in the future and want to be prepared. Otherwise, with the backdrop of the pandemic, we have seen that many doctors simply wish to concentrate on being a doctor. They are looking to move forward in their career without the additional pressure of being a practice owner and all that comes with it
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Data breaches in any organisation are a serious concern. However, in a healthcare setting there can be additional risks. Hackers from the dark web will not hesitate to breach your client database in search of information that is considered to be sensitive under the Privacy Act.
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Going through a growth phase in your medical practice? Then you will be interested in how to identify and resolve any potential challenges that can occur with incremental, sudden or significant growth.
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As international and state and territory borders open, and we adjust to life with COVID-19 in the community, it is starting to feel like we are approaching the new normal, resuming (to some extent) to life pre-pandemic. However, 2022 will pose some unique risks to medical practices in Australia.
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As an accountant or financial advisor you are likely to have a range of different clients who run their own business, some of them may be doctors who run medical practices. Not dissimilar to other industries, the medical profession is not immune to issues with employees.
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If you are thinking of starting up a medical practice in Australia, know that the process can be a daunting one, especially if this is all new to you. Luckily, it isn’t new to us. We help people as they go through this process all the time and know exactly what steps you will need to take to embark on this very exciting journey.
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As an accountant, you may have GP’s and other medical professionals as clients. Some of them, at one point, may look into expanding into a larger practice, or centre. This is what we see oftentimes as we assist with these transitions daily. For this reason, we prepared this article to explore what will be involved for your clients who might be ready to expand and want to learn how to build a successful medical practice.
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As a practice owner or practice manager, you may have already discovered that hiring a new GP can be a challenging task. There is a shortage of available GP’s in Australia, which is making it difficult to attract new doctors to practices regardless of the location.
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