1 / 23

Locuming Made Simple

Locuming Made Simple. by Dr Manjit Purewal Updated by Dr Lynsey Fielden, 2007. WHY LOCUMING?. Aims. Gain insight into preparation needed to become a successful locum Gain insight on financial issues and record-keeping How to enjoy locum work. Objectives.

lea
Download Presentation

Locuming Made Simple

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Locuming Made Simple by Dr Manjit Purewal Updated by Dr Lynsey Fielden, 2007

  2. WHY LOCUMING?

  3. Aims • Gain insight into preparation needed to become a successful locum • Gain insight on financial issues and record-keeping • How to enjoy locum work

  4. Objectives • Decide whether locuming is really for you • Be aware of steps required to set up as a locum • Know what administration work is involved and how to keep on top of it

  5. Objectives (2) • Have an idea how to recruit an accountant, keep records for the tax man • Be aware of other financial issues e.g. income protection • Be aware of pitfalls common to locums

  6. SUMMARY OF LOCUMING PREPARATION/CV  MAKING CONTACT  BOOKING  ON THE DAY (doing the job)  INVOICING  OTHER THINGS Equipment Accountant Tax & finances Leave

  7. Preparation • Start early • Define where/what/when? • Performers’ list • Supplementary lists ?still exist • Documents & Paperwork

  8. Preparation (2) • WYCSA/PCT locum list • CV and contacting surgeries • Inland revenue • Equipment • National Association of Non-Principals (NANP) & other locums

  9. C.V. • Keep it short • Precise information • What lists are you included in - minor surgery, child health, obstetric list • Referees • CLEAR CONTACT DETAILS

  10. Booking Work • When/how long for? • Computer system • How many patients/visits? • Admin. work/other clinics • On-call • Details of surgeries, e.g. start times, breaks • Fees • Get confirmation in writing

  11. On the day • Locum pack? • Basic essentials, e.g. computer • Locating equipment/forms • FP10’s/MED3’s/etc. • How does the system/service run • Delegation • On-call sessions • Say ‘no’ if appropriate

  12. Record Keeping • Discuss with your accountant • Keep all receipts • Set time aside for this each week/month - makes sending out invoices a lot easier • KEEP ON TOP OF IT

  13. Invoices • Keep them simple & headed • Use computer • Be precise about what you have done • Make sure the figures are clear • Remember if it looks messy or complicated then your payment may be delayed

  14. Fees • You must have a base to start from • Speak to other locums • Ask the practice manager what they normally pay • Vary rates e.g. for surgery only, on-calls, etc. OR hourly/sessional rate • Learn the art of negotiation

  15. RECOMMENDED LOCUM RATES • The Office of Fair Trading ruled BMA-suggested locum rates anti-competitive in 1999. • Locums and Practices must negotiate rates. (Medeconomics August 2004)

  16. Tax • Find an accountant and discuss • Set up a (high interest) savings account • Save about 1/3 of your monthly earnings • Don’t touch it until after you receive your tax bill! • Make payments twice a year (Jan & July)

  17. USEFUL WEB ADDRESSES • Institute of Chartered Accountants of England & Wales: www.icaew.co.uk • NHS Pensions: www.nhspa.gov.uk • National Association of Non Principals: www.Nanp.org.uk

  18. Tax (2) • Don’t be fooled by low tax returns in first year • PAY TAX ON TIME (31st Jan deadline) - otherwise you will be fined and charged interest!

  19. Other Finances • National Insurance – class II & III • ‘NHS Superannuation scheme’ - filling in of Locum form A & B and submitting with pension contribution • Income protection

  20. Extras • Equipment needed • Expenses • Long-term locums • Locum agencies • Cancellation policy • Details of other locums • Continuing Personal Development • Appraisal

  21. POTENTIAL PITFALLS • Being poorly organised • Abuse by practices • Income - unpaid leave - hidden costs • CPD • Isolation • NOT BEING ABLE TO SAY NO

  22. ENJOYING IT! • Good preparation • Own boss • Flexible – leave, working patterns • Income • Gain insight into workings of different practices • Good way of finding the right practice for you in the future - networking

  23. Locuming Made Simple • Preparation is key • Finances & record-keeping • ENJOYABLE!

More Related