Empowering doctors and practices with real-time payment insights

GPs were unable to match the fees they received with the patients they treated

The majority of GPs who see patients in a medical practice are contractors, not employees. This means they pay a percentage of their fee to the practice and the rest is received as income.

The current state of GP payments however is marked by a significant lack of transparency, because while they see the patient, the fees are collected on their behalf by the practice. GPs find themselves without concrete evidence of when patients or third parties settle their fees, further complicating the financial landscape. The manual reconciliation processes within practices have proven to be overly burdensome, contributing to more inefficiencies. Additionally, the prolonged duration for payments from third parties adds to the challenges, as the wait time can span weeks. The complexity of reporting earnings to the Australian Taxation Office (ATO) further adds to the multifaceted issues within the system, calling for a more intuitive and streamlined solution.

Doctor Wallet empowers GPs to track their income

Doctor Wallet serves as a dedicated app for GPs, streamlining payment processes. The app provides a clear interface displaying patient fees reconciled with payments from the practice. Surgical Partners, a comprehensive Saas solution for practices, seamlessly integrates with Doctor Wallet to provide this information. This integration empowers practice managers to efficiently approve reconciliations and distribute payments to GPs, creating a more cohesive and streamlined financial management system for healthcare practices.