Some midwives are choosing not Some DHBS require health to subscribe to this service professional to pay a monthly fee This does not vary with Caseload Registration with because of the cost and then must of over $40 per month for the and is the same regardless of the results providers time on the phone to track ability to receive results number of results received. down and receive results in a electronically. timely manner. Accountant, lawyer Accountant costs are the most This does not vary with Caseload. and advisors typical costs in this category Section 88 payments do Bank Fees and Interest This does not vary with Caseload. suffer from a delay in payments. In NZ business are not required to This may have an impact for GST Cost (If not register for GST until they have midwives with a smaller caseload Calculated at 72% of 15% of all registered) turnover of more than $60,000 per but is avoided if they register for costs that are inclusive of GST annum. GST. Professional Costs All these professional costs are Compulsory Practicing Certificate NZ Midwifery Council covered by DHBS for employed from the NZ Midwifery Council, This does not vary with Caseload. APC Fee midwives - except NZCOM $400 per annum incl GST Membership The College have not changed these fees in over 15 years have NZCOM Membership is not established robust quality compulsory but offers the assurance procedures and a NZCOM Membership A 25% discount for low income cheapest for LMC midwives to unique relationship with QBE incl Prof Indemnity earners exists obtain Professional Indemnity at Insurance in order to provide this $695 per annum incl GST service to members. Individual indemnity insurance would cost well in excess of $2,000 per annum Reviews are compulsory every This does not vary with Caseload. Midwifery Standards three years with some midwives This does allow for travel for rural Review requested to return earlier if midwives. required. $396.25 incl GST
Registration with results providers Some DHBS require health professional to pay a monthly fee of over $40 per month for the ability to receive results electronically. This does not vary with Caseload and is the same regardless of the number of results received. Some midwives are choosing not to subscribe to this service because of the cost and then must time on the phone to track down and receive results in a timely manner. Accountant, lawyer and advisors Accountant costs are the most typical costs in this category This does not vary with Caseload. Bank Fees and Interest Section 88 payments do suffer from a delay in payments. This does not vary with Caseload. GST Cost (If not registered) In NZ business are not required to register for GST until they have turnover of more than $60,000 per annum. This may have an impact for midwives with a smaller caseload but is avoided if they register for GST. Calculated at 72% of 15% of all costs that are inclusive of GST Professional Costs NZ Midwifery Council APC Fee Compulsory Practicing Certificate from the NZ Midwifery Council, $400 per annum incl GST This does not vary with Caseload. All these professional costs are covered by DHBS for employed midwives - except NZCOM Membership NZCOM Membership incl Prof Indemnity NZCOM Membership is not compulsory but offers the cheapest for LMC midwives to obtain Professional Indemnity at $695 per annum incl GST A 25% discount for low income earners exists The College have not changed these fees in over 15 years have established robust quality assurance procedures and a unique relationship with QBE Insurance in order to provide this service to members. Individual indemnity insurance would cost well in excess of $2,000 per annum Midwifery Standards Review Reviews are compulsory every three years with some midwives requested to return earlier if required. $396.25 incl GST This does not vary with Caseload. This does allow for travel for rural midwives.
ministry-nzcom-co-design-pricing-model-report.docx