We are excited to announce the results of the 2024 GP Salary Survey, an in-depth investigation into the diverse world of General Practitioners (GPs).
This accomplishment would not have been possible without the invaluable input from the dedicated GPs who generously shared their insights and experiences. The data collected from the GP Salary Survey has provided us with profound insights into the ever-changing landscape of GP practice.
As you would expect, there has been an increase in average earnings overall and there has been a significant move from bulk billing to mixed billing. Here is what the survey looked into.
Billing Practices:
Analysing billing trends and changes, including insights into the proportion of GPs in bulk billing, mixed billing, and private billing environments.
Percentage of Billings:
Examining the distribution of billings among GPs, with a focus on the percentages earned and highlighting those in mixed/private billing practices. Nearly a third of all GPs earn 70% of Billings
Gross Earnings:
Showcasing increased earnings, potentially influenced by factors such as locum work and reduced leave. Average earnings are presented across different billing environments and session counts.
Full-Time GPs:
Categorizing full-time GPs based on weekly sessions, considering billing environments and average earnings. The average income for GP’s working 9 or 10 sessions was found to be $436,000.
Part-Time GPs:
Defining part-time GPs, focusing on billing environments and session counts, although mixed billing data is limited.
Work-Life Balance:
Observing work patterns and how many sessions a week GPs work. We are noting that most GPs work 7 to 10 sessions weekly.
Moving Practices:
Providing insights into the motivations for changing practices, including the desire to earn more money, develop special interests, seek better management/support, find improved locations, and enhance team dynamics.
Changing GP Workforce:
Addressing post-COVID-19 shifts into alternative work roles like Locum and Urgent Care for income diversification.
Current v Pre-COVID-19 Earnings:
How current earnings compare with those that GPs were earning before COVID-19. The overall trend was for an increase in earnings.
Consultation Fee Gap Changes:
How much the consultation fee gap has changed in practices.
Bulk Billing Incentive:
Looking at the overall feeling about the Bulk Billing Incentive. The majority had a slightly positive view.
For detailed statistics and findings, click on the link below to download the GP Salary Survey. The survey offers valuable insights into the evolving landscape of GP practice, billing and earnings.
If you have any questions, feel free to contact our friendly team at [email protected] or call us on 1800 604 332.