The New Zealand Rural General Practice Network is applauding the publication of a “Practice Ownership Resource” by the Royal New Zealand College of GPs.
“With rural general practice ownership now becoming more diverse and with a looming GP retirement bubble, other members of the rural general practice team will benefit from the valuable insights and information that the resource offers,” says NZRGPN Chairperson Sharon Hansen, who was at the official launch in Wellington on November 2.
The Royal New Zealand College of General Practitioners says that many GPs who own practices plan to retire in the next ten years, contributing to the looming GP shortage.
The College’s recent workforce survey shows that a third of GPs own, or part-own a practice, but they make up a disproportionate 53% of GPs who intend to retire in the next ten years.
College Board member Dr Mark Peterson says that having a stake in a practice is a great career option for GPs, potentially providing higher earning potential, more say in how services are provided to patients, and greater control over work-life balance.
A copy of "General Practice Ownership: Demystifying the ‘business end’ of general practice in New Zealand" is available for members through the dashboard.