As part of Commonwealth funding, the RANZCP has undertaken a number of projects aimed at strengthening existing STP infrastructure and enhancing training opportunities for trainees.

One such project is the development of a cost recovery model to assist facilities in exploring financial issues in relationship to sustaining and/or establishing a Psychiatry training post supported by STP funding.  During 2010, the RANZCP interviewed a number of STP Participants in relation to the costs associated with psychiatry training.  Data collected from this project has subsequently been used to develop a user-friendly tool available for stakeholder use below.

COST RECOVERY MODEL Updated April 2011 - DOWNLOAD HERE

This model will assist organisations in assessing the factors and costs involved with maintaining psychiatry STP posts and/or recovering any shortfalls in funding.

**Please ensure that prior to using the model you have read the 'Instructions' page - there are different requirements between Microsoft Excel 2007 and 2003**

**Marcos MUST be enabled in order for the model to function**

Disclaimer:

This cost recovery model was funded by the Commonwealth Department of Health & Ageing, and developed with the assitance of Cutcher & Neale Accounting and Financial Services.

• This model is to be used to assess the cost of psychiatry STP placements only, and may give inaccurate information should it be used for any other medical profession or purpose
• The model will provide estimates only and does not constitute any form of financial advice
• The RANZCP takes no responsibility for any differences between estimates this cost-recovery model may produce, actual STP funding and the actual cost as experienced by health service providers
• This model is not evidence of a contract or other form of legal agreement with the Commonwealth or any entity assigned by the Commonwealth to undertake STP funds management

For any problems accessing the file please email This e-mail address is being protected from spambots. You need JavaScript enabled to view it