Tag Archives: PMS budget

Has the Correction Factor got the X Factor?

By , Tuesday, 22 November 2011, Be the first to comment
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I was recently contacted by a new partner joining a practice – a rare event these days – who wanted to know what the Correction Factor is, and how it relates to the MPIG.  Apparently she asked her partners for an explanation and they suggested she talked to the accountant. Within days of this call, I also took a phone call from a journalist wanting my comments on the plans for the withdrawal of the Correction Factor and the replacement for all GPs with a single contract.

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Making a tasty profit requires the right ingredients

By , Monday, 3 October 2011, Be the first to comment
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My wife Linda is good at many things: a good mother, a good GP, but she is an excellent baker. I was watching her making a honey cake, with the ingredients laid out on the kitchen table.

A thought came into my mind: I asked if she could make her honey cake twice the size with the same ingredients. She gave me her withering stare and told me not to be stupid. I carried on regardless: ‘I have a client, Dr X,’ I told her, ‘who is being told to carry on baking cakes all the same size but with less ingredients’. Her stare pierced deeper. ‘OK,’ I said, ‘it is not exactly baking, but it’s not so different.’

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