Physician
We understand that where, how, and what you practise as a physician is unique to you. That’s why our protection is suited to the work you do and your level of experience.
MIPS is your partner through uncertainty, providing more understandable insurance cover, risk education, and expert advice specific to your career as a physician.
Providing you protection for up to $20 million in claims*
*The maximum amount we will pay in the aggregate per annual membership period.
Ability to speak with an experienced professional any time of the day
Access to accredited professional development (CPD) and on-demand learning.
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Am I covered as a physician?
Physician non-procedural
Your MIPS Membership will be under the Physician non-procedural category if you hold Ahpra specialist registration as a Physician in one of the below specialities and you undertake minimally invasive procedures:
- Cardiology (non-interventional)
- Clinical genetics
- Clinical pharmacology
- Endocrinology
- Gastroenterology and hepatology
- General medicine
- Geriatric medicine
- Haematology
- Immunology and allergy
- Infectious diseases
- Medical oncology
- Nephrology
- Neurology
- Nuclear medicine
- Respiratory and sleep medicine
- Rheumatology.
This category includes cover for procedures including but not limited to:
- Bone marrow biopsy
- Bronchoscopy
- Chemotherapy
- Gastroscopy (excluding Endoscopic retrograde cholangiopancreatography (ERCP)
- Pain medicine within individual scope of training, qualification, and experience
- Percutaneous/subcutaneous placement of spinal stimulation leads, excluding spinal cord stimulator implantation via open partial or total laminectomy
- Proctoscopy
- Renal biopsy
- Respiratory medicine (including endobronchial ultrasound-guided transbronchial needle aspiration (EBUS TBNA) and transbronchial lung biopsy)
- Sigmoidoscopy.
If you also hold specialist registration in Pathology and your pathology reporting activities generate less than 50% of your annual billings for practice not indemnified by your employer, you remain eligible for this category.
Physician procedural
Your MIPS Membership will be under the Physician procedural category if you undertake more invasive procedures in your specialty including but not limited to:
- Colonoscopy
- Endoscopic retrograde cholangiopancreatography (ERCP)
- Liver biopsy
- Pain medicine within individual scope of training, qualification and experience, including spinal cord stimulator implantation via open partial or total laminectomy.
Do I still need insurance if I’m covered by my employer?
If you’re working for an employer (e.g. hospital), you may be covered for some adverse or unexpected events, however there may be instances where your employer is unable to cover or assist you.
The minimum level of professional indemnity insurance required by Ahpra only relates to civil claims, so the indemnity provided by your employer might not cover you for issues relating to:
- professional and disciplinary matters
- employment, training program and university disputes
- pursuit matters
- other matters.
MIPS brings experienced foresight to help you build a risk prevention mindset and reinforce your sense of confidence.
Does MIPS understand my practice?
In addition to being in one of the two physician categories, your MIPS Membership factors in the type of practice you undertake. Your practice basis describes, for example:
- If your practice is employer indemnified, not employer indemnified, or a combination of both.
- If you have obtained specialist registration, or you are currently undertaking or enrolled in a specialist training program.
- If you have completed your healthcare studies within the last five years.
- If you undertake practice that requires an endorsement.
How are my membership fees calculated?
We use a primarily risk-based approach to calculate membership fees and work hard to keep them as low as possible. Your individual membership fee is based on your membership details, which means your fee responds to how your practice changes over time.
Your Member Benefit Statement includes your individual membership details for the current and three prior membership periods. The factors we consider in our calculation are:
- Your category (e.g. General surgery; Dentist; Psychiatry)
- Your practice basis (e.g. Employer indemnified; Recent graduate)
- Your estimated annual gross billings and/or salary or hours for practice that is not employer indemnified
- Whether your type of practice requires an endorsement (e.g. Minor cosmetic services; Spinal surgery; Bariatric surgery)
- The state/territory you practise in
- Your retroactive cover date
- Your claims history
- Your sex
- Any specific factors that impact your risk.
- Any loadings including a risk surcharge. If applicable, the risk surcharge will be included in accordance with the Medical Indemnity Act 2002 (Cth).
We calculate your membership individually based on the information you provide. This approach ensures your fee reflects the contribution required to appropriately support and cover the risk to indemnify you. As your practice changes and develops, so does your membership fee. If you have recently commenced practice that is not indemnified by your employer (or moved to a higher risk practice classification), your membership fee may change.
I’m a sole practitioner. Does my membership cover my staff?
If you work in your own private practice and qualify as a Sole Practitioner, your MIPS Membership can extend to cover you against claims made against your staff by your patients when under your guidance or in relation to their administrative work. We will cover you and your practice while you’re on leave and replaced by a locum/temporary healthcare professional.
See the Member Handbook for more detail.
Why choose MIPS?
As a member-owned not-for-profit organisation, every decision is made with our members in mind. We’re here to protect you and your professional reputation with comprehensive insurance cover. As a MIPS Member you’ll also have access to resources, advice, and support 24 hours a day from experienced practitioners and medico-legal experts.
Our areas of cover include:
- civil liability
- professional and disciplinary matters
- employment, training and university disputes
- pursuit matters
- and more.
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Insurance cover is subject to the terms, conditions, and exclusions of the policy. The information provided is general advice only and does not consider your personal circumstances or needs. You should review the Member Handbook Combined PDS and FSG and/or contact MIPS on 1800 061 113, before making a decision. Information is current as at the date published.