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At the heart of general practice since 1960

Five steps to setting up an expense-sharing partnership (1 CPD hour)

Ross Clark explains how to form a partnership to help share costs or tasks that may be too big for one practice alone

 

Full CPD module

 

This module offers advice on protecting small practices from financial shocks, covering:

  • Founding a resource-sharing arrangement with other small or singlehanded practices locally
  • Planning the legal and financial aspects of such a partnership.

After reading this article you will be asked to record your learning points and some action points to earn a suggested 1 CPD credit. Below are some questions to reflect on as you work through the module:

  1. If your practice is not yet in an expense-sharing partnership, what would be the main reasons to found one?
  2. What are the main risks you would face from establishing a resource-sharing partnership?
  3. Were there any changes to the contract, such as QOF changes, or financial changes, such as changes to locum superannuation, that would benefit from local resource-sharing?
  4. If you were to found an expense-sharing agreement, what would be the best way for you to research potential partners?

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