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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.