Practice ownership ‘terrifies’ young GPs
Younger GPs are being urged to embrace practice ownership to protect the specialty’s future as principal numbers slump to an all-time low.
Last year, it emerged that just one in four GPs were principals or partners, with most GPs working as associates, contractors or employees.
Industry analysts suggest some 6000 practices will be sold over the next 10 years, with many bought by investors, private equity and corporates. But, a new study in the Australian Health Review says the prospect of taking on ownership sparks fear of financial strife, heavy