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



 

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?