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

For new family doctors in Ontario planning to join a FHN/FHO practice and are starting to roster patients from scratch, the Income Stabilization (IS) and New Grad Entry Program (NGEP) are two programs that provide a guaranteed income as new doctors are building up their patient rosters. But is it worth it to join these programs or are you signing up for a restrictive contract?
In Part 3 of the Family Medicine Billing Made Simple lectures, we talk about the IS and NGEP and what new grads should be watching out for.
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
𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
1) FHO Family Medicine Billing Lecture (Pt 1): • Family Medicine Billin...
2) FHO Family Medicine Billing Practice Cases (Pt 2): • Family Medicine Billin...
3) Intro to Family Medicine Billing for PGY-1: • Intro to Family Medici...
4) Intro to Family Medicine Billing for PGY-2: • Intro to Family Medici...
5) How do Doctors get paid? • How Do Doctors Get Pai...
6) NGEP & Income Stabilization: • Income Stabilization &...
7) How to Read Your Remittance Advice: • How to Read Your Remit...
**2023 UPDATE: NEW SGFP BILLING GUIDE: sgfp.ca/rails/active_storage/...
𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿𝘀:
There are no conflicts of interest to disclose. These slides are for education purposes only. Any information, views, and opinions expressed are solely those of the presenter and are not a substitute for financial advice specific to your personal situation. All physicians must personally read their MOHLTC fee schedule preamble and be responsible for meeting all criteria for the appropriate billing of the services they provide. When in doubt consult your MOHLTC advisors.
#familydoctor #familymedicine #billing

[@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: th-cam.com/video/Omcrd3I4R6s/w-d-xo.html
2) FHO Family Medicine Billing Practice Cases: th-cam.com/video/mpjAn9qBdGI/w-d-xo.html
2) Intro to Family Medicine Billing for PGY-1: th-cam.com/video/AveW_LYtqT8/w-d-xo.html
3) Intro to Family Medicine Billing for PGY-2: th-cam.com/video/P80tU_FIF3Y/w-d-xo.html
4) How do Doctors get paid? th-cam.com/video/X5uOkB0BuW0/w-d-xo.html

[@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.