Do GPs earn more in the Private or Public Sector in South Africa (2020) ?

Описание: Do GPs in private practice earn more than GPs in the public sector in South Africa is revealed in this video. The PUBLIC vs PRIVATE sector is discussed in detail. The South African department of health policy on calculating the cost of General Practitioner(GP) pay or services is explained. The salary of the state GP is compared to the GP in private practice and who earns more based hours worked is revealed. The Health Market Inquiry and the National Health Insurance (NHI) is also touched on in the video. Medical aid tariffs are used to compare the remuneration possible. Private practice cost calculation for South African health professional can be made on the information provided.

The Pros and Cons of working in each sector are discussed. Doctors wanting to go into the private or the state sector will benefit from this video.
Public health specialists will now understand the SA NHI costs.
The public will also now understand how healthcare costs are calculated.

Chapters

00:00 Introduction
00:32 Healthcare system in South Africa
01:35 Assumptions when comparing salaries
02:25 Background to the remuneration of GPs in private practice
03:13 Direct labour rate
04:57 Overhead costs
07:30 Return of investment rate
08:05 Total cost per consultation (code 0190)
09:15 Comparison of medical aid rates 2020
10:07 Potential revenue for GPs
12:31 Pros and Cons of each sector
14:35 Alternate sources of Income for GPs in Private practice
15:35 Conclusion


DISCLAIMER
The advice given on the video is in good faith and in is no way to be replaced by professional advice from a certified financial advisor or an HR specialist. The career path discussed is my thoughts on the matter and is not endorsed by any government department, university, or association.

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