Other revenue streams

The Practice Incentives Program (PIP) provides practices and GPs with government incentives to undertake certain activities, including continual improvements, quality care, enhanced capacity, and improved access and health outcomes for patients.

To receive the incentives:

• your practice must be accredited against the RACGP’s Standards for general practices
• you must satisfy certain eligibility criteria and requirements.

There are several groups that can provide additional funding opportunities that are based on the local community’s health needs. These include your local:

• Primary Health Network (PHN). PHNs receive government funding to commission medical services, and general practices are sometimes able to apply for specific grants from their PHN
• council
• hospital.

Consider nominating an appropriate member of staff (such as your practice manager) to regularly check for opportunities for grants and funding.

Many GPs provide consultancy services outside of the general practice where they work, which can be a good source of additional income. Examples of this type of work include:

• training and lecturing
• membership of committees, boards and councils
• delivering at conferences and workshops
• advising practice owners and managers on effective strategies to manage practices.