Our team work with a lot of Doctors who are working in the hospital system, and choose to pursue their career in General Practice. If you are thinking of moving, there are a few things that are going to change!
Here are a few of the top things to be aware of:
Type of Employment
The first thing that is going to change is the type of employment. In the hospital system you are an employee, earning a salary with leave benefits. Most General Practitioners are sole traders or contractors (or have a company) and therefore work for themselves! The biggest difference between being an employee and a contractor is the fact that as a contractor, you will be responsible for calculating and paying your own taxes.
Another thing to be aware of when transitioning from being an employee to a contractor is that most contracts will not include paid leave. This means that when you’re sick or want to take a holiday, this time isn’t paid for you and you’ll therefore need to save to cover these periods!
Hospital doctors have a different indemnity insurance to General Practitioners. As a result, when you move to a general practice setting, you will need to update your indemnity insurance.
Different insurers have different policies around this move, so make sure you check with them before making any big changes!
Be aware that indemnity insurance is a condition of registration- it’s one of the questions on your AHPRA application. Even whilst working in the hospital, you should have some Indemnity Insurance.
A key change you will notice when moving into general practice is a shift in the dynamics of the workplace. In a hospital setting you are supported by other doctors, some more qualified than you and some less, as well as nurses and Specialists. However, when you move into general practice you are often on your own in decision making and reasoning, and whilst there are doctors in the practice who are able to support you at times, the bulk of your decisions will be made individually. Making sure you have a good mentor when transitioning is really important!
One reason we find a lot of doctors transfer to general practice for the lifestyle, ability to build relationships and the income potential. General Practitioners usually work business hours, and on average, earn between $250,000 and $400,000 a year. In some cases, we have seen rural doctors earn up to a million a year.
Have we missed anything? Plenty of things to be aware of! If you have any queries, or if you feel anything should be added- get in touch!
DO YOU NEED HELP?
Our team offer General Practitioners assistance with finding jobs and a career pathway, and Medical Facilities to find a new Medical Practitioner. We also help with the full application process with AHPRA, RACGP, ACRRM, Department of Health, Medicare including 19AA & 19AB. If we can help, please contact us at [email protected].
People Medical Consulting are a team of professionals with a passion for guiding those specialising in the Medical industry to find their career pathway and settle into Australia. Working with both Australian trained and Overseas trained professionals, we have extensive experience in Recruitment of General Practitioners and Document Assistance for those requiring support with RACGP, AHPRA, 19AA and 19AB Medicare Exemptions.