Can anyone demystify APMS contracts for me?
Hi, I'm currently an ST3. Limited experience/exposure to GP partnership/business management/finances at this stage.
Family friend is a non-medic who has been working with one GP practice in a business management role helping them bid for APMS contracts and winning the bids. Lots of £ involved. Now offered partnership with track record, looking at very handsome numbers £400K PA.
I've just been googling and saw info on Kings Fund where less than 4% GMS holding practices hold an APMS contract. Why is this the case? How have these corporates managed to achieve such a chokehold on these contracts?
Case study - AT Medics sold their company to US based, Operose Health - from what I can see purely all the APMS contracts they've acquired.
Do they actually make money? (obvs silly question, maybe)
Why aren't more GP practices doing this? Structuring? Manpower? Financial penalty?
Is there a catch I am missing?
Anyone able to shed light on this?