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South Africa

 

HBI 2020: Hospital sector is moving to outcome-based payment – insurers may get left behind

The for-profit hospital sector is moving slowly but inexorably towards value and outcome-linked reimbursement and the role for insurers within that, if there is one, is far from clear. That was the message from HBI 2020's 'Hospitals: The balance of power with payors' session where the CEOs of Mediclinic International and Steward Health Care discussed the topic with an ex-UnitedHealth Group executive.

COVID-19: The view from Africa

Africa needs to come together to find a solution to the COVID crisis, which has proved to be as much an economic one as a healthcare one - and cannot and should not rely on help from outside. This was the view of an expert panel which convened online to discuss COVID-19, healthcare more generally, and African economics.

Mediclinic shareholder invests in low-end primary care triage platform

Invenfin, the venture capital arm of Mediclinc investor Remgro, has taken a stake in a primary care provider that aims to serve the 40% of South Africans that are employed, but uninsured. National HealthCare Group says its Whatsapp triage solution can cut the cost of primary care by up to two thirds and that Remgro will now encourage roll out in its portfolio companies.

Netcare reveals 45% revenue drop for April

Netcare, one of South Africa's 'Big Three' private hospital groups, says that April revenues dropped 45% due to the COVID-19 pandemic. It is one of the first financial disclosures by a listed hospital group for a full month of national lockdown. 

Interview: Dr Hugo Stephenson, CEO, Induction Healthcare

The Induction Switch app is used by the majority of hospital doctors in the UK but its owner has only very recently started generating revenue a year after launching on the AIM. That's despite a userbase stretching South Africa, Australia and the USA. Its CEO, an entrepreneur who has founded no less than three health tech companies, talks to HBI about how it plans to turn free-using customers into revenue-generating customers.

Mediclinic founder stepping down as Chair in July

The founder of EMEA hospital group Mediclinic, Dr Edwin Hertzog, will be replaced as chair of the company board in July, 37 years after he founded the company. What does the choice of replacement signify for the future of the company?

Mediclinic cleared to buy hospitals in South Africa

EMEA hospital group Mediclinic International has been cleared to acquire three hospitals in South Africa, after the merger was initially blocked by competition authorities. Does this signal the start of the Big Three hospitals "mopping up" the remaining c.20% of the market?

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