Practice Collapse: ABC 7:30 Report featuring David Dahm

Coronavirus pandemic leaves hundreds of medical practices on the verge of collapse

David Dahm was invited to speak on the ABC 7:30 Report about falling patient numbers and the impact this is having on General Practices and the healthcare industry.

Hundreds of medical practices are on the verge of collapse because of a fall in the number of visits due to the coronavirus pandemic, according to data collected by the Royal College of General Practitioners.

A third of the practices reported a drop in income of more than 30 per cent in May, when compared with the same month last year.

People are thought to have been reluctant to visit their GP during the pandemic for fear of getting sick or overburdening the system.

A survey of 1,000 GPs and practices shows that nearly half are not sure whether they will still be operating in six months’ time.

Key points:

  • COVID-19 has seen patient numbers fall at general practices
  • Hundred of GPs may not survive the next 6 months according to new data
  • Doctors say low Medicare rebate rates are also causing financial problems

Behind the scenes:

For more insights visit our blog.

About me: David Dahm BA (Acc.), CA., FCPA, CTA, FFin, CPM, FAAPM, FAIM, FGLF.

Chartered Accountant, Chartered Tax Adviser, Registered Tax Agent, Former AGPAL Surveyor 10 years of service

David Dahm is CEO and founder of the national medical and healthcare chartered accounting firm Health and Life and global Founder and CEO of the not for profit project the International Healthcare Standards and Ethics Board (www.ihseb.org)

After a serious work related car accident in 1989, and nine operations later I continue to be a patient and provider advocate. I enter my third decade as a national Chartered Accountant for Medical and Healthcare practices in Australia. I am a former 10-year Australian General Practice Accreditation surveyor. I come from a medico family. I have served on the AAPM national Board and was the inaugural national Chair of the Certified Practice Manager CPM post nominal. I continue to provide accounting tax and practice management advice to many practices all over Australia.

You know who you are and I thank you for this real honour and privilege to serve you and your community through you. Note, I am not a lawyer please seek appropriate legal and accounting advice. This information is for general information and discussion only.