Earlier this year, we reported on the medical aid benchmarking exercise conducted by Towers Watson, a leading international professional services company. Click here to read: https://www.genesismedical.co.za/blog/entry/genesis-medical-scheme-2015-benchmarking
This survey found that all four benefit options of Genesis Medical Scheme offer exceptional value for money in its respective segments.
In particular, our Private Choice (hospital plan) and Private Comprehensive (full cover medical aid) benefit options were found to be absolute market leaders in its respective segments. In yet another recent medical aid survey from GTC Healthcare Consulting, which was aimed at providing this leading financial services firm’s clients with advice and suggestions on which medical aid offers the best benefit options and value for money for their employees, our Private Choice hospital plan once again came out tops in the category for hospital plans, where members have freedom of choice in their selection of private hospitals and doctors or specialists (no networks). Our Private Choice benefit option rated first out of 17 equivalent hospital plans in South Africa.
The 2015 GTC Medical Aid Survey included detailed analysis of all open medical aid plans in South Africa.
Click here to read the full article.
These outstanding benchmarking results for 2015 once again demonstrate that the benefits of self-administration, prudent risk management and having sufficient reserves, are critical components for a medical scheme in containing healthcare costs, benefit structure and overall value for money.