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Becoming a Diagnostic Medical Co-operative Member

Members benefit by sharing in the co-operative's success through the receipt of legal and transparent dividends. DMC rules dictate that shares in the co-operative can only be offered to currently practicing Registered Medical Practitioners.

The DMC concept has been refined through ongoing consultation with all relevant Australian authorities including: Commonwealth Department of Health and Ageing and Medicare Australia. As a registered trading co-operative DMC is a public company, with a legal existence separate from that of the members and has limited liability.

Benefits of Membership

• Co-Ownership of a growing diagnostic services asset, you become a shareholder in an organisation that provides comprehensive pathology and other related diagnostic services.
• Shareholders receive regular legal and transparent dividends and distributions from operating profits.
• Direct input into management direction and culture, with each member having equal voting rights to elect the board of directors of DMC.
• Focus on quality patient care and improving the professional QOL (Quality of Life) of GPs and specialists rather than cost-cutting decisions by non-clinicians to benefit public company shareholders.
• The Co-operative will in the future source products and services to assist practices to reduce costs and improve efficiencies.

Membership Expenses

As a member you become a shareholder with a minimum holding of 5000 $1 shares 10% or $500 is required to pay on joining. (Legislation allows for only 10% of the share value to be paid to activate co-operative membership and for the receipt of dividends). Joining fee of $200 and annual service fee of $1200 (Deducted Quarterly from member payments)

The upfront out of pocket expense of $500 for proposed members wishing to join DMC can for a small service fee of $15 can be simply borrowed and paid back via a deduction from your first quarterly member payment.

No Restrictive Agreements

We have attempted to make your decision to join DMC a simple and low risk venture, with no upfront out of pocket expenses, and no restrictive agreements.

• Paid up share capital is refundable on leaving DMC
• No member is liable to any creditor of the DMC
• No member incurs any change to their own professional indemnity insurance.
• No member incurs any personal liability for DMC activities

Simply if the 'Co-operative' is not delivering your expectations as a member then you can easily leave the co-operative, therefore DMC needs to constantly work at maintaining member satisfaction.

Full and Comprehensive Service

DMC offers a comprehensive range of specialised pathology services.
DMC uses only major teaching hospital reference laboratories or equivalent for any testing it cannot provide.
DMC offers courier services to the requirement of its individual members.
DMC provides its members all related and approved consumables.
DMC provides its members support services including pathology collections, practice software, electronic result downloads.