Medihelp Medical Scheme continues
to perform exceptionally
well and ended its financial
year for 2007 with a net
surplus of R178.2-million, a solvency level
of 29.9 percent and a per capita premium
increase of only 9.2 percent on average for
its 2008 product range.
According to Anton Rijnen, Executive Principal
Officer of Medihelp, the Scheme was able
to accomplish a number of achievements
and record outstanding results despite
having to face many challenges, and the
Scheme is deeply thankful for this. “Besides
Medihelp’s good financial results it was also
able to perform well in a number of other areas.
As regards client service, Medihelp was
once again named as the leading scheme in
the country. The Ask Afrika Orange Index
not only rated Medihelp as the best medical
scheme but also placed it in the second
place overall in South Africa. Furthermore,
Medihelp was awarded an AA- rating by Global
Credit Rating for its administration and
claims-paying abilities in 2008, after having
been rated A+ for 10 consecutive years prior
to this year’s rating,” says Rijnen.
Medihelp’s private member base grew by 46
percent from 24 707 members in 2003 to
36 074 in 2007. This growth in non-civil servant
members is extremely positive in view
of Medihelp’s earlier member composition,
which comprised mostly civil servants.
According to Rijnen, it requires not only a
dedicated and supportive Board of Trustees
and Management but also informed and
committed staff in order to be successful.
“In this regard, Medihelp was named as the
10th best medium-sized company to work
for in South Africa in the Deloitte 2007 Best
Company to Work For survey,” he says.
(1). Founded in 1905 (2). Employs 637 people
(3). Enjoys a turnover in excess of R2.7-billion
(4). Member base in excess of 175 000 (5). Has five
branches
STATISTICS/ DEMOGRAPHICS/ HISTORY
Year founded: 1905 Founding members: EFE Wright, AJ Frith, RA Eales,
R Bourne and C Long Employees: 637 Branches: Five offices - Head office: Pretoria; Branches:
Durban, Cape Town, Bloemfontein and Port Elizabeth
NATURE OF BUSINESS
Activity: A registered medical scheme and a nonprofit
organisation supplying health care services to its
members Products/services offered: Seven benefit options
that differ in composition are offered: the Dimension
range comprising of Dimension Elite, Dimension Prime
1, Dimension Prime 2 and Dimension Prime 3 as well as
Medihelp Plus, Necesse and Unify
EMPOWERMENT STATUS
Black Empowerment Level:
executive directors/senior management: 4.54% / total
staff: 37.96% Gender Empowerment Level:
executive directors/senior management: 36.36% / total
staff: >78.83%
BUSINESS & FINANCE
Turnover: R2.7-billion (2007) Operating profit: R178.2-million (2007) Net profit: R178.2-million (2007) Financial year-end: 31 December Holding company: Medihelp Medical Scheme Bank: Absa Current customer base: 94 000 primary members Key clients: Eskom, Volkswagen South Africa,
Goodyear, Datacentrix, South African Revenue Service,
Leo Haese BMW, South Deep Mine, Western Platinum
Mine, University of Johannesburg, Gijima-AST, SITA,
Council for Geoscience, Agricultural Research Council,
Noordwes Koöperasie, Bargaining Council for Meat
Traders, Duferco Steel Processing
CONTRACTS & AWARDS
Recent awards: Ranked 2nd in the Orange Index
conducted by Ask Afrika in 2007; awarded an AA- rating
by Global Credit Rating in 2008; 10th Best Medium
Company to Work For in SA by Deloitte’s Best Company
to Work For survey in 2007; and in 29th place overall;
ranked 3rd in the Markinor/Sunday Times Top Brands
survey in 2008
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