WE CONTINUED TO DELIVER
EXCELLENT RESULTS DURING
THE YEAR.
Normalised operating profit increased by 11% to
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premium income increased by 18% to R6 109 million.
Based on the success of our effective business
model and value proposition, we have been
awarded 10 out of 12 tenders for the management
of restricted-membership medical schemes over the
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During the year, Discovery Health was awarded the
contracts to administer SAB Medical Aid Scheme,
Netcare Medical Scheme, and Glencore Medical
Scheme. This brings our client base to 18 restricted
medical schemes, which is more than any other
medical scheme administrator in South Africa.
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medical scheme members.
In 2016, Discovery Health Medical Scheme achieved
strong membership growth, with new members
increasing by 43 000 to 2.76 million members.
Performance
highlights:
Discovery Health
NET MEMBERSHIP
Ì
1.6%
TO A MEMBERSHIP BASE
OF
2.74 MILLION LIVES
AT YEAR END
OPEN
MEDICAL SCHEME
MARKET SHARE
55%
SOLVENCY RATIO
#
26.3%
WITH R14.2 BILLION IN
MEMBER RESERVES
Discovery Health Medical Scheme, which is
administered by Discovery Health, addresses the
increasing costs of healthcare holistically and adopts
an approach that combines health improvement
with an integrated healthcare system.
*
Discovery Health Medical Scheme data is reported for the calendar year
1 January 2016 to 31 December 2016.
**
258 working days.
A day at Discovery Health**
Discovery Health employs 4 080 people and deploys
world-class actuarial, analytic and clinical capabilities at
every point in the services offered to client medical
schemes and their members.
NORMALISED OPERATING
PROFIT
Ì
11%
TO R2 505 MILLION
&T\?mO?a#%_]ΖO?]]#
ANNUALISED PREMIUM
INCOME
Ì
18%
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DISCOVERY
HEALTH MEDICAL
SCHEME (DHMS)
South Africa’s largest open
medical scheme
44
Integrated Annual Report
2017
BUSINESS REVIEWS
• Discovery Health