Royal Australian College of Practitioners

What Royal Australian College of Practitioners does

The Royal Australasian College of Physicians (RACP), founded in 1938 and headquartered in Sydney, is the professional medical college responsible for training, credentialing, and representing physicians and paediatricians across Australia and Aotearoa New Zealand. It serves over 30,000 members across 33 medical specialties through five operating divisions/faculties (Adult Medicine, Paediatrics & Child Health, AFOEM, AFPHM, AFRM) and three specialty chapters (Addiction, Palliative, Sexual Health Medicine). Its core activities include Basic and Advanced Training program delivery, Divisional Written and Clinical Examinations, Fellowship certification, and continuing professional development (CPD) oversight.

RACP's product portfolio centres on a digital member ecosystem: MyRACP (account management), MyCPD (CPD tracking), the Training Management Platform (TMP) for trainees on new curricula from 2024-2025, the legacy PREP portal, and RACP Online Learning resources. Supporting programs include RACP LIFT 2026 (a multi-city event series), the TRELLiS member-experience program, the RACP Foundation (research awards and scholarships), the RACP Support Program (wellbeing services), and the government-funded Specialist Training Program (STP) which manages approximately 356 training positions across Australia. The college is governed by a Board and Council structure with seven regional offices across Australia and a dedicated Aotearoa New Zealand office.

RACP's revenue is generated through four streams: recurring annual membership fees from Fellows, trainees, and affiliates; professional services fees for training registration and examinations; managed-services funding from the Australian Government Department of Health, Disability and Ageing for STP positions (salary support up to $110,000 per annum per position, plus Rural Support Loading and PICS allowances); and donations to the RACP Foundation. As an incorporated body limited by guarantee (ACN 000 039 047), the college does not publicly disclose revenue. Operating geographies are restricted to Australia and Aotearoa New Zealand, with distribution via regional offices and digital portals.

Name

Royal Australian College of Practitioners

Legal name

Royal Australasian College of Physicians

Website

https://racp.edu.au

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

251–500 employees

Short description

The Royal Australasian College of Physicians (RACP) is a nonprofit professional medical college founded in 1938 that trains, credentials, and represents over 30,000 physicians and trainees across 33 specialties in Australia and Aotearoa New Zealand, delivering specialist training, examinations, CPD, and advocacy funded by membership fees and government training program grants.

Ownership category

akta.pro rank

Product category

Professional Medical Association and Physician Certification

NAICS

Colleges, Universities, and Professional Schools (6113), Colleges, Universities, and Professional Schools (61131), Educational Support Services (611710)

SIC

Services-Membership Organizations (8600), Services-Educational Services (8200)

akta.pro primary industry

Healthcare & Clinical Professional Certifications (EDAAANAI)

akta.pro secondary industry

Continuing Education (CE/CPD) & Provider Accreditation Bodies (EDADACAF)

Keywords

• Physician training programs
• Medical specialty certification
• Continuing professional development
• Specialist medical college
• Medical fellowship programs

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Membership Fees: Annual membership fees from Fellows, trainees, and affiliate members supporting college operations and services
2. Training and Examination Fees: Fees charged for basic training registration, advanced training registration, and examination administration including Divisional Written and Clinical Examinations
3. Government STP Funding: Australian Government Department of Health, Disability and Ageing funding for Specialist Training Program positions - includes salary support up to $110,000 per annum, Rural Support Loading up to $25,000, and Private Infrastructure Clinical Supervision up to $30,000 per annum
4. Foundation Donations: Donations to RACP Foundation supporting research awards, career grants, and scholarships for members

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

RACP is a professional medical college that connects, trains, and represents over 30,000 medical specialists and trainee specialists across 33 specialties in Australia and Aotearoa New Zealand. It administers Basic and Advanced physician training programs, fellowship certification, continuing professional development (CPD) tracking, and clinical examinations. The college also delivers policy and advocacy representation on healthcare reform and operates the government-funded Specialist Training Program (STP) with approximately 356 training positions.

Product overview

The Royal Australasian College of Physicians (RACP) operates as a membership organization connecting, training, and representing over 30,000 medical specialists and trainee specialists across 33 specialties in Australia and Aotearoa New Zealand. The RACP's product portfolio centers on its digital member ecosystem comprising MyRACP (account management), MyCPD (professional development tracking), RACP Online Learning (e-learning), and the Training Management Platform/TMP (for trainees on new curricula) alongside the PREP Training Portal (for legacy trainees). Supporting programs include RACP LIFT (annual event series), TRELLiS (member experience improvement), Specialist Training Program/STP (government-funded positions), FATES (expanded settings funding), RACP Foundation (research grants), and the Pomegranate Health Podcast. The organization also provides the RACP Support Program for member wellbeing.

Differentiator

Problem solved

Functional benefit

Brands

• RACP LIFT: Premier event program for medical specialists featuring Rapid-Fire Clinical Updates, In Conversation events, and Career Triage Conference.
• Pomegranate Health
• Health Benefits of Good Work (HBGW)
• It Pays to Care
• TRELLiS Program

Products and services

• MyRACP Member Portal Authenticated member portal providing access to fee payments, account management, training registrations, and core membership services for RACP Fellows, trainees, and affiliate members.
• MyCPD Portal Online portal for Fellows to plan, track, and manage continuing professional development activities and compliance requirements across 33 specialty areas.
• Training Management Platform (TMP) Digital platform for trainees to manage requirements, training rotations, and submit assessments. Used by basic trainees from 2025 and advanced trainees on new curricula from 2024 onwards.
• PREP Training Portal Virtual learning environment for trainees on the PREP (Physician Ready for Expert Practice) curriculum who commenced before 2024/2025, managing training requirements, rotations, and assessment submissions.
• RACP Online Learning E-learning platform providing resources for continuing professional development, training, and exam preparation, including the College Learning Series, curricula, and handbooks for medical trainees and Fellows.
• RACP LIFT 2026 Event Program Premier event program for medical specialists across Australia and Aotearoa New Zealand featuring Rapid-Fire Clinical Updates (Sydney, Auckland, Melbourne, Brisbane), In Conversation events (Sydney, Wellington), and Career Triage Conference (Hobart), with CPD-credited professional development.
• Specialist Training Program (STP) Australian Government-funded initiative administered by RACP providing approximately 356 training positions to increase community access to specialist services in rural and expanded settings, with salary support of up to $110,000 per annum per position.
• FATES (Flexible Approach to Training in Expanded Settings) Project funding stream under the Specialist Training Program supporting flexible training approaches in expanded healthcare settings.
• RACP Foundation Research Awards and Grants Foundation providing research awards, career grants, college prizes, and scholarships supporting medical education and professional development for RACP members, including Indigenous scholarships and international grants.
• RACP Support Program Member health and wellbeing support service providing resources, advocates, and assistance programs for physicians and trainees facing professional or personal challenges.
• Pomegranate Health Podcast RACP's official podcast covering medical practice topics, physician wellbeing, and healthcare issues relevant to medical specialists and trainees.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Thoracic Society of Australia and New Zealand (TSANZ)coreStrategic or Co-development Partner · 27 February 2023Joint advocacy partnership between RACP/AFOEM and TSANZ on occupational respiratory disease prevention, including calls for national respiratory protection programs and engineered stone bans. Combined expertise in respiratory medicine and occupational health to address silicosis and dust diseases.
• Australia and New Zealand Society of Occupational Medicine (ANZSOM)coreStrategic or Co-development Partner · 1 April 2022ANZSOM has continued to promote the AFOEM 'It Pays to Care' key messages, working with stakeholders on system reforms for work injury management. Collaborative promotion of evidence-informed practice in work injury schemes.
• Australian Medical Council (AMC)coreOthersRACP works with AMC for accreditation of training programs and recognition of overseas trained physicians. AMC sets standards for medical education and training that RACP incorporates into its programs.
• Medical Council of New Zealand (MCNZ)coreOthersPartnership with MCNZ for accreditation and regulatory oversight of medical training and practice in New Zealand. RACP training programs align with MCNZ requirements for specialist recognition.
• National Dust Diseases TaskforceminorStrategic or Co-development PartnerRACP members appointed to the National Dust Disease Taskforce established by Australian Government to address occupational respiratory diseases including silicosis. Contributed to 2021 Taskforce report recommendations.
• Lung Foundation AustraliaminorStrategic or Co-development PartnerPartnership in developing the National Silicosis Prevention Strategy 2023-2028 and accompanying National Action Plan, with RACP members on the steering committee.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG): ANZ specialty college for O&G providing training, examinations, and CPD. Shares the same dual-jurisdiction (Australia + NZ) operating model, AMC accreditation pathway, and STP funding access as RACP.
• Royal College of Physicians of London: The UK counterpart professional medical college for physicians, offering fellowship, training, and CPD for medical specialists. Highly comparable in mission, credentialing role, and member services, with RACP modelled on similar royal college structures.
• Royal Australian and New Zealand College of Psychiatrists (RANZCP): ANZ specialty college for psychiatrists, delivering fellowship training and certification. Operates an almost identical business model to RACP with members, trainees, examinations, and government-funded training positions.
• Royal College of Pathologists of Australasia (RCPA): ANZ specialty college for pathologists with similar training, examination, and STP funding structure. One of the 13 medical colleges competing with RACP for STP positions in Australia.
• Royal Australian College of General Practitioners (RACGP): Australia's largest medical college for general practitioners with very similar member-based training and credentialing model. Direct competitor for STP positions and parallel member fee/training revenue structure.
• Royal Australasian College of Surgeons (RACS): Fellow Australian/NZ royal college providing specialty training, examination, and credentialing for surgeons. Operates under similar regulatory framework with AMC/MCNZ accreditation and competes for STP government funding.

Broad incumbents

• Australian Medical Association (AMA): National professional association for Australian doctors focused on advocacy, policy, and member representation. Overlaps with RACP on policy advocacy and workforce representation but does not conduct training or credentialing.
• American College of Physicians (ACP): Largest US medical specialty society with over 160,000 internal medicine members. Comparable in mission (professional development, advocacy, board certification support) but serves a different geography with a much larger membership base.
• Royal College of Physicians and Surgeons of Canada: Canadian national specialty credentialing body for physicians and surgeons. Comparable regulatory role and training oversight responsibilities, though operating in a single national jurisdiction rather than dual-jurisdiction.

Regional players

• Royal College of Physicians of Edinburgh: Scottish royal college of physicians providing fellowship and education programs. Operates a similar credentialing and CPD model for physicians in a different geography, with comparable heritage and royal charter structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/theracp
• YouTubeyoutube.com/user/RACP1938
• Facebookfacebook.com/theracp
• LinkedInlinkedin.com/company/royal-australasian-college-of-physicians

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Royal Australian College of Practitioners