Show notes
Listen in as we welcome back experts James Gransby from RSM UK and Robert McCartney from Hempsons for an insightful analysis of the upcoming 24/25 GP contract changes and the associated financial pressures. They tackle the stark realities practices are facing, including the modest wage increases and low inflation rate adjustments set against a backdrop of historical underfunding. They examine potential cost savings, opportunities for service expansion, and the balance between growth and maintaining a strong practice culture. Join us to also highlight the success of organic mergers and the concept of 'soft mergers' as a means to foster collaboration while preserving individual practice identity. Introduction (00:09) Reactions to the 24/25 contract.. (00:33) Percentages used.. (01:42) What’s new? (03:31) Continuity of care (04:37) Financial pressure on individual practices (05:35) Section 96 (06:24) Point of no return.. (07:01) Funding during COVID.. (07:40) Do practices need to merge? (08:54) Economies of scale.. (14:15) The need for a plan.. (15:10) When does it become too big? (16:40) Thinking about a merger? (19:01) Merging organically.. (21:05) Soft merging (23:12) Getting in touch.. (23:52) Contact Robert via email here & James via email here. For all enquiries about the Ockham podcast, please contact Ben Gowland here.