Reviewing practice business model key to successful retirement plan

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Reviewing practice business model key to successful retirement plan

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Guest writer

Retirement
Retirement planning means ensuring your practice is attractive to future buyers, including younger GPs

DEAR AUNT MASie

I’m currently a GP owner in a practice with four GPs and have been for many years. We practise under a cost-sharing structure where each owner has their own patient base and receives their capitation income together with patient fees. I’m the oldest in the group and thinking about retiring in the next five years. What do I need to consider and plan for, to help with a successful transition to retirement?

Retirement planning, Tauranga

While there is increased interest in business ownership, we find the requirements of younger GPs are often quite different from retiring GPs It’s