Professional Documents
Culture Documents
Do's and Don'ts of Private Practice
Do's and Don'ts of Private Practice
Dos
Donts
Getting Started
Cons
Hassle Commitment Insecurity Indemnity Time Providing year round service
Getting Started
Most do private work in NHS facility Look at locums at private facilities Consider teleradiological work Let clinicians you work with know where you can do private patients/ clinicians will try to help you Ensure you have admitting rights where you do private work
Legal framework
Sole practice Chambers: group working from same office/sharing office expenditure but independent practitioners. No fee sharing. No liability for other members Partnership liability for other partners, share profit and loss Limited liability partnership- publish financial statements/more flexibility/protection from other parties negligence Limited Company- No personal liability for company debts
Indemnity fees-example
Earnings 1-7.5K 7.5 -15K 15-25 K 25-35 K 35-50K 50-75 75-100 100-125 125-175 And remember Fees 575 1845 2715 3305 3850 4580 5435 6005 7120 % income (midpoint approx) 10 15 13.5 11 9 7.5 6.5 5 5
The tax man takes 40% soon to be 50% Accountants fees Expenses
BILLING-SEPARATE BILLING
ACCURATE RECORDS ESSENTIAL-INSURERS OBSESSED WITH FRAUD AT MOMENT Keep record full details of patient/their insurance and authorisation/the procedure/ complications etc Electronic records require Data Protection Act registration
ADVERTISING
ADVERTISING
The GMC is now in favour of doctors providing accurate information about services to patients as long as both their own guidance, and that of the Advertising Standards Authority (ASA), is heeded. The ASA s Codes require that all advertisements ARE legal, decent, honest and truthful and prepared with a sense of responsibility to customers and society. All advertisements respect the principles of fair competition, and should not bring advertising into disrepute.
Advertising- dos
Key facts about the practice Names and qualifications of the doctors and other healthcare professionals. Biographical details and any special interests Contact details, Opening times and any other factual patients may need to know. No restriction on media eg websites, newspapers or magazines , leaflets
ADVERTISING-DONTS
Unjustifiable claims Putting fear into public Phone marketing No cure claims No taking advantage of lack of medical knowledge No undermining colleagues No unfounded criticism
GMC guidance
Good clinical care doctors must provide good standards of clinical care, must practise within the limits of their competence, and must ensure that patients are not put at unnecessary risk.
GMC
Maintaining good medical practice doctors must keep up to date with developments in their field, maintain their skills and audit their performance Relationships with patients doctors must develop and maintain successful relationships with their patients, by respecting patients autonomy and other rights. Working with colleagues doctors must work effectively with their colleagues.
GMC
. Probity doctors must be honest and trustworthy.
Health doctors must not allow their own health condition to endanger patients.
Current threats
Networks- industry view -ensuring quality/low prices -Doctors view-restrictive practice Delisting of consultants-insurance companies can do this unilaterally Unilateral fee setting by providers-no consultant direct billing Insurers setting themselves as setting standards Teleradiology
Response?
Do keep within the law Avoid any restrictive or anti competitive behaviour Emphasis on patient interests/quality and compliance with good practice and statutory regulations
What shouldnt I do ?
BASIC RULE
SO IS IT ALL WORTH IT ?
Satisfying private facilities ensure you work efficientlyyou are their source of income Satisfying- the patient choses you as an expert Rewarding- but it takes a lot of hard work Direct relationship between your effort and what you get from it