Income Stabilization & New Grad Entry Program (NGEP) for Family Doctors (Pt 3)

[@BreakingBadDebt]

𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: 0:00 - Intro 0:35 - Income Stabilization Program 4:24 - Income Stabilization: How much are you paid? 6:08 - New Grad Entry Program (NGEP) 7:07 - NGEP: How much are you paid? 9:32 - Downsides of NGEP **2023 UPDATE: NEW SGFP BILLING GUIDE: sgfp.ca/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbDRFIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--a86bf4480d7fefbed6172fa1e1bc4751b516cec2/SGFP%20Billing%20Guide%20APRIL%202023%2002_May_2023.pdf 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀: 1) FHO Family Medicine Billing Lecture: kzbin.info/www/bejne/hZ7Go5dpfpmFbNU 2) FHO Family Medicine Billing Practice Cases: kzbin.info/www/bejne/o6HNcqFvpqeXfas 2) Intro to Family Medicine Billing for PGY-1: kzbin.info/www/bejne/d6fIiJKCjtmkipo 3) Intro to Family Medicine Billing for PGY-2: kzbin.info/www/bejne/hmmTpYiVe655abs 4) How do Doctors get paid? kzbin.info/www/bejne/jmbYgJ54ZaeojZI

[@auslander1026]

Thank you for covering these programs! OMH is hiding info on outdate website with their smallest T&C font ever 😁 What I still cannot comprehend - where is the advantage of IS? (forget NGEP - it looks as a bureaucratic blurb) Lets say I inherit the roster from a retired FP, why would should I be interested to join IS at all? With 825 roster you can work 2.5 days for more money compare with 1FT at IS...

[@BreakingBadDebt]

Hey, if you inherit the roster from a retired FP you would NOT be eligible for Income Stabilization. It is only for family doctors who want to start their practice from scratch. It can be advantageous if you're starting out with 0 patients and therefore not making any capitation, so IS provides you with a guaranteed income each month until you reach around 825 patients in which case you can switch out of IS and onto regular capitation.

[@nancysarabana2517]

Would the amount that I got from income stabilization be deducted later on ? Thanks

[@BreakingBadDebt]

No it should not be. Once you transition to FHO practice the payment model changes and no deductions are taken from when you are on IS.