How much do GP's actually earn???!!!

[nursesteve]

hello,

i know its very varied but what actually happens about being paid as a GP? i know there are locum and salaried positions which are paid differently but this 'partner' business is very confusing so i was hoping a couple of queries could be dealth with?

1. do you 'buy' into the practice for the share thats available, so you take out a mortgage or something and then when you want to leave you flog it to the next partner coming in and reap any profits from the increase in value of the practice?

2. how much, typically do you get paid? my last GP told me he got paid about £78,000 a year but out of that he has to pay a share for all the staff and the rates on the building etc etc

3. a GP reg told me this is rubbish and the figure he quoted is likely to be his gross income - who's right?

4. also, finally (phew!) what would you do? train as a shrink and move to the US, train as a GP and stay here or train as a GP and flit to OZ.

cheers

steve
med student (soon, hopefully!)

[bert]

my understanding of it is gp partners are the owners of the practice. they are given a certain amount of money depending on what services they provide and what targets they have met in the gp contract. this money then has to pay for staff, facilities and the such. what is left over is for the partners to splitt amongst themselves.

depending on the size of your practice and the hoops you have jumped through determines the amount of money you earn. i nkow one gp who earns roughly 150k and will earn more as his large practice achieves more targets. he claims he will probably double his money.

not too bad for a days work

bert

[Mac5800]

it really depends on how well they meet the targets (new GP contract). There is no fixed salary, it varies on wether they are a contract GP or a partner. A GP surgery is just a business. It also depends if u choose to do private work.

hope that helps

rory

[gj]

Facts straight from a GP -
New way of earning extra money this year (Quality Outcome Framework) where GP is rewarded with points for reaching certain targets like Cholesterol below a certain level in X% of diabetics. End of year is in 3 weeks and no one knows how much each point is worth yet - it will be different for every practice as it is related to the square root of the prevalence of each chronic disease area and practice list size. Very complicated. Government say we have all overachieved so targets will have to be higher next year. Ask the question about income at the end of April again and we might have some idea of what we have earnt.
We also receive a global sum which covers which all staff costs, surgery costs etc etc .

Best thing about being a GP now is that you can opt out of all out of hours work if you want to although you obviously dont earn as much then.

[delusion]

gp's are postmen

[$@I\/I]

Do GPs complete less training than other specialities and is there a career path for GPs like other specialities for example becoming a consultant?
thanx
xx

[Rhubarb]

Front page of the Telegraph today. "Half of GPs pass £100,000 earnings barrier".

The number earning more than £150K rose from 3% last year to 6% this year.

This is NOT why I want to be a GP but the Telegraph article WILL be affixed to my fridge for the next 6 years to help my partner support me in my new career !!!!

[$@I\/I]

ooo GP career soundin good! £100,000+ awesome!! Now I gota get into uni
R most of the medicine courses 5-year? Whats the 6-year one - is that a foundation year or sumat?

[lucyfrombristol]

Do GPs complete less training than other specialities and is there a career path for GPs like other specialities for example becoming a consultant?
thanx
xx

Yes, GP training is shorter than the specialist training for hospital consultants. It's not so clear now that the new foundation programmes for junior doctors have started, but this is roughly how GP training pans out (I think!):

• 4/5/6 years undergraduate training

• 2 years as a foundation doctor

• At couple of years as an SHO, working in hospital and in the community (not sure exactly how many)

• 1 year as a GP registrar

• Pass what is known as summative assessment and become a GP

Once you have become a GP that is as far as you can go really, although as others in this thread have discussed, you can be just a salaried GP or a partner in a practice. You will earn more money in the latter instance. You can also study and take exams to give you a particular area of expertise, i.e Obs and gynae, paediatrics, dermatology, elderly care etc.

[$@I\/I]

Did you mean that once you are a GP you can specialise in a particular area still as a GP?