It’s not uncommon to read about the difference between independent contractors and employees, however less so about which arrangement is the better choice (for an individual and for a practice). In this article, we explain why you (as a practice) may want to hire a doctor as an employee and why (as an individual doctor) you may want to become an employee as opposed to an independent contractor.
Read MoreIn late December 2022, the Queensland Revenue Office issued a public ruling regarding relevant contracts under the Payroll Tax Act 1971 (Qld) (‘the Act’), specifically regarding medical centers. This broad ruling has increased the likelihood that a practice’s arrangements will be taken to be a ‘relevant contract’ and subject to payroll tax
Read MoreThe Practice Incentives Program (PIP) is a government initiative aimed at supporting and improving the delivery of primary health care services in Australia. The program provides financial incentives to eligible health care providers, such as general practitioners, practice nurses, and Aboriginal and Torres Strait Islander health workers,
When it comes to selling a business, there are many factors to consider and negotiations to be had. One important document that can help streamline the process is a term sheet. Term sheets are an essential part of the process of buying or selling a business. They outline the terms and conditions of a proposed deal and serve as a starting point for negotiations.
Read MoreThe Optus and Medibank data breaches have got every business owner hyper aware of cybersecurity threats in all industries. Given the nature of the healthcare, cybersecurity poses unique fears and challenges for medical practice owners. The vast quantities of sensitive information in healthcare and potentially devastating effects that cyber-attacks can have on patient privacy makes the healthcare sector especially vulnerable
Read MoreAround one in four employees work as ‘casuals’ in Australia. As you would very likely be aware by now, the 2021 amendments to the Fair Work Act brought about various changes regarding casual employment in Australia, including a new definition of casual, a protection for employers who misclassify workers and new obligations on employers including the requirement to provide a Casual Employment Information
Read MoreHave you been affected by the shortage of skilled workers as a medical practice? Of course you have, you are in Australia and its 2022! Many businesses are finding it very challenging to find staff after the pandemic for various reasons. One possible solution that you may have considered is retaining international talent. Employing foreign workers in a medical practice allows practices and their patients to benefit from experienced international staff and their varying skill sets.
Read MoreThe conviction of Elizabeth Holmes, former Theranos CEO and founder, a MedTech Entrepreneur, has highlighted some issues about starting up in the MedTech industry and some important lessons can be learnt from it. In this article, we discuss what MedTech in Australia can learn from this fascinating governance story.
Read MoreIt is now quite common to have physical therapists, osteopaths, chiropractors, massage therapists, and increasingly psychologists, operating within a medical practice’s walls. In specialty practices such as a paediatrician or an obstetrician, they may consider adding a lactation specialist to their practice for their nursing mothers or other additional care opportunities for their patients.
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