GP PRACTICE BUDGETS: AN EVALUATION OF THE FINANCIAL RISKS AND REWARDS |
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| Authors: | John J. Glynn Michael P. Murphy David A. Perkins |
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| Affiliation: | The authors are respectively, Professor of Financial Management, Canterbury Business School at the University of Kent;Director of the part-time MBA programme at the Canterbury Business School;and with the South East Thames Regional Health Authority. |
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| Abstract: | ![]()
This paper considers the progress to date of those GP practices which have decided to become fundholding practices. We note that already, within the first year of operation, both GP fundholders and District Health Authorities have developed a number of budget ploys. As part of our work we report on the findings of a pilot survey of GP budget holders in the Kent Family Health Service. We conclude that if budget holding becomes the normal pattern of general practice, there will need to be a considerable development of the financial skills and managerial capabilities of the practices and it may be time for the new GP practice manager to come of age. |
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