Hi GP on the Move - thanks so much for this. Its a useful snapshot for people to be able to have a solid understanding of what might happen, and why the earnings will occur on such a broad spectrum. I'm looking forward to exploring more videos.
Bulk billing incentives have gone up recently which is good but the biggest financial consideration is the enormous mortgage repayments you will be chained to if you buy a modest house in one of big cities.that said the flexibility /pay/ lifestyle combo make it worthwhile imo.
If Jack was bulk billing all his patients at $41.40 per patient he'd be making $77,900 a year (before tax), well, lets call it $85-90,000 as a number of those would qualify for the bulk billing incentives... but he'd likely have a $12,000 yearly medicolegal insurance, $1500 college fees, $1000 AHPRA fees - plus the costs of equipment / education seminars, subscriptions etc. He'd also have to do 50 hours of unpaid CPD per year. This of course comes with no super and no sick leave. GP's are shockingly remunerated for bulk billing.
GPs do OK in Australia but they have to work for it. Allied Health professionals though get the shaft. I'm not a clinician but my wife is a Psychologist working within a medical centre. As she works in an area with a lot of economically disadvantaged people, she largely bulk bills. This brings her per-patient income to around $90 per patient before practice fees and other expenses. She sees a maximum of about 24 patients a week. That makes her gross earnings in the neighbourhood of about around $95k per annum before practice fees (allowing for some holidays). That's a pretty crappy return for 7 years of study and internship. Note: most psychologists these days bill between $250-300/session, leaving the patient (if they have a MHCP) around $150-200 out of pocket. My wife can afford to be one of the few bulk billing psychologists around since I earn enough for both of us. If something happened to me or my business, there's no way what she earns would sustain us, and she would have to charge full fees
Hi.great video!..is gps working in Emergency Departments a thing in Australia? And if yes, can they progress in ED? .I e. Something like cesr to ED consultant level? ...Thanks :)
Hello doctor....I have two questions....what will be the scope of GP in Australia after 4-5 years...does Australia need GP doctors in future? and second question....what will be the scope of junior doctors after 2-3 years? Does Australia need junior Doctors in future?
Wow great questions. I think people will need GPs for the next 20 years. After that, it will be all AI :) BUT! I'm not sure how comfortable people with be with AI doing surgical procedures on them, so that's what I would invest it if you are that forward thinking.
Doctor….I want to know about fellowship exam once you complete gp training in Australia then you have to take fellowship exam to become a specialist GP….my question is…….is it hard to pass this fellowship exam? Q # 2 : Do you know about fellowship support program (fsp) which is of two years self funded training program in Australia for GP’s?
For question 1 - I would say, based on what I have seen, the fellowship exams are of a similar difficulty to the ones I did in England. They are still hard but can be done. Don’t know about the second question. Maybe someone here can comment?
GP gross income is misleading. As a GP you also have to pay office rent, staff wages, utilities and rates from the income earned. Net income is about 40% or less of the total billing.
If you are a GP partner you are absolutely right. As contractors we generally pay 35% of our billings towards those - so if you take 35% off, that leaves you with 65%, then about 35% from that for tax - that's 42% then 10.5% for SUPA and about 11.5% for annual leave - how much does that make then? ;)
Hello doc ! Hope you’re fine……I am bit confused about gp salary in Australia. If someone who just finished gp training in Australia and just became a gp I mean fresh gp and he also has done gp fellowship exam…how much he will charge per patient?
The clinic by and large will tell you how much to charge - if you work in a private / mixed billings clinic. Maybe watch this video here if you haven't already - ua-cam.com/video/yPuHZ_J_CqU/v-deo.html
The answer to this question is surprisingly complicated :) if you get into the whole world of prescribing medication for ADHD - I'm under the impression that the sky is the limit. Psychiatrist are completely overwhelmed by the amount of referrals and are setting their fees accordingly.
Hello ! I am planning to move to Australia as a GP because i want to make more money. I watched your video I understood everything, Can u tell me is it possible to make 350k annually after all the taxes I mean service tax and government tax if I work whole year and see 3-4 patients per hour and work 7 hours a day…? Q#2 : Can GP work at weekends?
I'm in the process of detailing that in a new video actually. To get 350k annually after tax you would have to make around 615K a year, which isn't realistic unfortunately. You can certainly work weekends if you wish! :)
Australia is great. I lived in UK but I like Melbourne more. Quality of life is better in Melbourne. Money wise, there is no difference for an IT guy like me. Australia is more like US without all the nonsense (wokeness)
Just a slightly relevant question: If you compare Australia with the USA, then does it also apply to the variety of SUVs you can get in the USA(i m just a car enthusiast )
@@sakram473 all the ones worth buying are available. But cars are a bit costly compared to USA. And houses in good suburbs are more expensive in Australia than USA. And you make less money than USA.
@@sakram473 Hahahah! I think it does! My accountant forbid me from buying my go to car which is the unexciting VW Passat. She said parts are too expensive in Australia.
Good video but the examples should be around the other way - the Nice Lady Doctor will be the one spending more time with her patients and getting paid less for her time while her male counterparts can confidently book more patients
Also leave a comment if you are TEAM JACK or TEAM JILL! 😂
Team Jack 💯
Hi GP on the Move - thanks so much for this. Its a useful snapshot for people to be able to have a solid understanding of what might happen, and why the earnings will occur on such a broad spectrum. I'm looking forward to exploring more videos.
Great to hear!
Thank you so much Mike for this video. This was really helpful
Glad it was helpful!
Bulk billing incentives have gone up recently which is good but the biggest financial consideration is the enormous mortgage repayments you will be chained to if you buy a modest house in one of big cities.that said the flexibility /pay/ lifestyle combo make it worthwhile imo.
100% agree with this sentiment especially with how property prices are increasing in Australia.
Thanks your sharing.
I can’t make $85 per patient because I have many bulk billing patients e.g. children and concessions card
If Jack was bulk billing all his patients at $41.40 per patient he'd be making $77,900 a year (before tax), well, lets call it $85-90,000 as a number of those would qualify for the bulk billing incentives... but he'd likely have a $12,000 yearly medicolegal insurance, $1500 college fees, $1000 AHPRA fees - plus the costs of equipment / education seminars, subscriptions etc. He'd also have to do 50 hours of unpaid CPD per year. This of course comes with no super and no sick leave.
GP's are shockingly remunerated for bulk billing.
I think you can get long service leave cashed out ie you don’t have to take the time
Lsl in Australia has different rules per state
Cool! Didn't know that, although I feel taking some time off might be good.
Great Video thanks 🙏🏼
Glad you liked it!
GPs do OK in Australia but they have to work for it. Allied Health professionals though get the shaft. I'm not a clinician but my wife is a Psychologist working within a medical centre. As she works in an area with a lot of economically disadvantaged people, she largely bulk bills. This brings her per-patient income to around $90 per patient before practice fees and other expenses. She sees a maximum of about 24 patients a week. That makes her gross earnings in the neighbourhood of about around $95k per annum before practice fees (allowing for some holidays). That's a pretty crappy return for 7 years of study and internship.
Note: most psychologists these days bill between $250-300/session, leaving the patient (if they have a MHCP) around $150-200 out of pocket.
My wife can afford to be one of the few bulk billing psychologists around since I earn enough for both of us. If something happened to me or my business, there's no way what she earns would sustain us, and she would have to charge full fees
Thanks for the comment and for the hard work your wife puts in to help her patients. All the best guys.
*that both of you put in of course :)
Hello doc !…..what is the patient load on GP?….if a GP wants to see 25-30 patients in a day…?
Hi.great video!..is gps working in Emergency Departments a thing in Australia? And if yes, can they progress in ED? .I e. Something like cesr to ED consultant level? ...Thanks :)
Yes and yes! :)
Hello doctor....I have two questions....what will be the scope of GP in Australia after 4-5 years...does Australia need GP doctors in future? and second question....what will be the scope of junior doctors after 2-3 years? Does Australia need junior Doctors in future?
Wow great questions. I think people will need GPs for the next 20 years. After that, it will be all AI :) BUT! I'm not sure how comfortable people with be with AI doing surgical procedures on them, so that's what I would invest it if you are that forward thinking.
Doctor….I want to know about fellowship exam once you complete gp training in Australia then you have to take fellowship exam to become a specialist GP….my question is…….is it hard to pass this fellowship exam?
Q # 2 : Do you know about fellowship support program (fsp) which is of two years self funded training program in Australia for GP’s?
For question 1 - I would say, based on what I have seen, the fellowship exams are of a similar difficulty to the ones I did in England. They are still hard but can be done. Don’t know about the second question. Maybe someone here can comment?
GP gross income is misleading. As a GP you also have to pay office rent, staff wages, utilities and rates from the income earned. Net income is about 40% or less of the total billing.
If you are a GP partner you are absolutely right. As contractors we generally pay 35% of our billings towards those - so if you take 35% off, that leaves you with 65%, then about 35% from that for tax - that's 42% then 10.5% for SUPA and about 11.5% for annual leave - how much does that make then? ;)
@@GPONTHEMOVEso the reality is gps earn less than 100k right😢
@@Depresseddocp ???? I don't think so. How did you get to that?
@@GPONTHEMOVE with the tax reduction and stuff which u mentioned in earlier comment
@@Depresseddocp ahh yes I see what you mean
Thanks for the video. So a GP who is making 300k per year will only be taking 8333 Aud take home per month effectively ?
I'm actually finalising a new video about this exactly! It should be out next week! :)
@@GPONTHEMOVEhi is this video going to be out soon? Thanks
@@nijanth2606 Next Week! :) just doing the final edit
Hello doc ! Hope you’re fine……I am bit confused about gp salary in Australia. If someone who just finished gp training in Australia and just became a gp I mean fresh gp and he also has done gp fellowship exam…how much he will charge per patient?
The clinic by and large will tell you how much to charge - if you work in a private / mixed billings clinic. Maybe watch this video here if you haven't already - ua-cam.com/video/yPuHZ_J_CqU/v-deo.html
can you make a video regarding pathways/studies in uni to become a GP
Thanks for the comment. What would you like to know?
What about psychiatrist do you have some idea about how much they make in public or private
The answer to this question is surprisingly complicated :) if you get into the whole world of prescribing medication for ADHD - I'm under the impression that the sky is the limit. Psychiatrist are completely overwhelmed by the amount of referrals and are setting their fees accordingly.
@@GPONTHEMOVE i see thank you 😊
There was a doc who previously worked in my old practice who apparently saw 100+ pts per day before 70/30 rule came in🤪
Well, you know what they say - your greatest ability is availability - and if the doc wa offering 100+ appts a day that's a lot of availability!
Hello ! I am planning to move to Australia as a GP because i want to make more money. I watched your video I understood everything, Can u tell me is it possible to make 350k annually after all the taxes I mean service tax and government tax if I work whole year and see 3-4 patients per hour and work 7 hours a day…?
Q#2 : Can GP work at weekends?
I'm in the process of detailing that in a new video actually. To get 350k annually after tax you would have to make around 615K a year, which isn't realistic unfortunately. You can certainly work weekends if you wish! :)
They make average $400 K per year
It depends is the correct answer although your answer can also be true :)
Team jill
:)
Australia is great. I lived in UK but I like Melbourne more. Quality of life is better in Melbourne. Money wise, there is no difference for an IT guy like me. Australia is more like US without all the nonsense (wokeness)
hahahahah nice one :)
Just a slightly relevant question: If you compare Australia with the USA, then does it also apply to the variety of SUVs you can get in the USA(i m just a car enthusiast )
@@sakram473 all the ones worth buying are available. But cars are a bit costly compared to USA. And houses in good suburbs are more expensive in Australia than USA. And you make less money than USA.
@@sakram473 Hahahah! I think it does! My accountant forbid me from buying my go to car which is the unexciting VW Passat. She said parts are too expensive in Australia.
@@dsinghr Good point here
Good video but the examples should be around the other way - the Nice Lady Doctor will be the one spending more time with her patients and getting paid less for her time while her male counterparts can confidently book more patients