GP practices face financial melt-down
As last week’s ‘Pulse’ reveals ‘GP partners in some areas are in such financial difficulty that they have been unable to pay themselves for several months’.GPC deputy chair, Dr Richard Vautrey, is quoted as saying: ‘We are concerned by the increasing reports of practices and GPs in financial problems caused through no fault of their own. Our fear is that this is only going to get worse as NHS England pushes ahead with cuts to essential correction factor payments and slashes PMS funding …’.
Clearly, practices are looking at ways to save money: cutting staff, cutting clinics, stripping out non-essential expenditure.
While I’d be the last person to say that binning your insurance is a good idea, one of your options is to bin your insurer.
If, as a GP, you’ve been with the same locum insurer for years and you’ve taken the inexorable rise in premiums on the chin: STOP!
Across the locum insurance market as a whole, premium rates are around 20% lower than they were a decade ago.
This is good for you, as it means you’re in a position to renegotiate a better package than the one you bought years ago.
We have saved practices thousands of £££ with no compromise on cover.
Go online for a quote or phone for details: 023 8051 3286. Isn’t it time you were saved some money for a change?
The opinions presented in this blog are solely those of the author on behalf of Practice Cover Limited and they do not constitute individual advice.
