One-third of GP practices lost 30% of their revenue in May thanks to COVID-19 – hundreds facing closure: 7.30 Report

A report that could have a significant impact on aged care providers and the residents they support. The ABC program has revealed data from a survey of 1,000 GPs and practice staff by the Royal Australian College of GPs showing that many local GP practices are on the verge of collapse thanks to the coronavirus pandemic. Almost 50% were unsure their businesses would still be operating in six months’ time. One GP interviewed for the program estimated he had lost at least 30% of his income and was using bank overdrafts to play staff wages and electricity. He estimates his practice may close in the next three to six months. The GPs put the drop on lower patient numbers during the pandemic, the introduction of compulsory bulk-billing for some telehealth consultations and the existing Medicare rebates failing to match the costs of services. They say they will either have to shut their doors – or raise their fees. It is a serious concern for providers. Under the Aged Care Quality Standards, providers must provide access to medical care as well as consumer choice for residents. If GPs go out of business, will residents be left short?