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RACGP and CommBank Health announce partnership


newsGP writers


21/10/2021 9:48:31 AM

SPONSORED: The partnership is designed to help improve financial wellbeing for Australia’s GPs.

Composite image using RACGP and Commbank logos
CommBank Health is the official banking and financial services partner of the college.

The RACGP has announced CommBank Health as the official banking and financial services partner of the college.
 
Together with a strong commitment to building a healthy Australia, the RACGP is proud to be partnering with CommBank Health to bring more financial support to GPs.
 
The new partnership allows the RACGP to leverage CommBank Health’s expertise and capability to offer convenient and innovative banking services to RACGP members. 
 
The partnership will focus on introducing the right financial tools, services and education, no matter where you are in your GP career. Armed with financial expertise, you will be able to build the skills and confidence to manage your finances, build long-term wealth for the future and grow a financially resilient practice.
 
‘As part of the new strategic partnership with CommBank Health, we’re empowering Australia’s GPs with the knowledge, tools and insights to improve their financial health so businesses can run smarter,’ RACGP Executive Chair Christine Nixon said.
 
Since the onset of the COVID pandemic, 61% of Australian practices have their sights set on business growth over the next two years, according to CommBank’s GP Insights Report.
 
‘It’s more important than ever that we work to equip our GPs with the tools and knowledge to understand your finances and identify opportunities for growth and innovation,’ Ms Nixon said.
 
CommBank Health CEO, Albert Naffah, said, ‘We are committed to improving the wellbeing of the communities in which we live and work’. 
 
‘As a GP at the heart of Australia’s healthcare, you’re serving your community in more ways than one,’ he said. 
 
‘We know that we can make a meaningful contribution through financial investment and education for GPs, because when you invest in yourself, your future and your practice, your community feels it, too.
 
‘Through our partnership, members will be at the forefront of financial technology with access to CommBank Health’s intuitive solutions and new digital service models helping them work smarter. 
 
‘It’s this investment in healthcare innovation that will help GPs spend less time on the little things and more time with their patients.’
 
Ms Nixon believes having CommBank Health as a strategic partner brings a ‘whole new dimension’ to the financial literacy, education and support the RACGPs can provide its members.
 
‘The ability to leverage CommBank Health’s capabilities and its commitment to primary healthcare is very exciting as we support our members to build financial strength, professionally and personally,’ she said.
 
The new partnership to help Australia’s GPs is one of many initiatives for CommBank, which also has a focus on sustainability.
 
The Environmental & Social Framework outlines commitments limiting climate change and supporting a transition to net zero emissions by 2050, while a partnership with fintech start-up CoGo is designed to provide personalised carbon footprints for customers based on their spending data.
 
GPs interested in seeing what else CommBank is up to in the sustainability space can visit their new sustainability hub.
 
The partnership between the RACGP and CommBank Health includes, but is not limited to: 

  • presenting partner of Practice Owners Masterclass Series
  • presenting partner of Financial Wellness Series for early career GPs
  • platinum partner of Practice Owners Conference 2022
  • presenting partner of Women in General Practice Event 2022
  • supporting partner GP22
  • presenting partner, Financial Literacy Toolkit
  • RACGP Plus Member Benefits partner
  • sponsor, Member Engagement Series
  • philanthropic support of the RACGP Foundation
  • naming rights official banking and financial services partner of the RACGP
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Dr Marjorie Winifred Cross   23/10/2021 10:23:58 AM

By now RACGP will have realised that it made a specific commitment at Convocation in 2015 to divest from fossil fuels Partnering with known fossil fuel investor is a snub to members and a crass reaction to the climate crisis which is a health crisis


Dr Jocelyn Frances Rikard-Bell   25/10/2021 11:36:13 AM

I hope that the RACGP will be using it's new found relationship with Commbank to make our stance on fossil fuels investment, and its subsequent effect on health globally, VERY CLEAR.