FANews
FANews
RELATED CATEGORIES
Category Healthcare
SUB CATEGORIES General  |  HIV |  Medical Schemes | 

Medical aid scheme trustees ‘on-course’

29 August 2017 BHF

BHF launches certification for medical scheme trustees.

The Board of Healthcare Funders of Southern Africa (BHF) has launched a nationally recognised Trustee Development Training certification to support the medical schemes industry. The training programme is accredited by the Wits Business School.

“With the global move towards universal healthcare and South Africa’s implementation of National Health Insurance, trustees have an extremely important role to play in making strategic decisions that are in the best interests of their scheme members, as well as broader society. While trustees are often skilled professionals and specialists in their own right, this short course is highly relevant because it focuses on the specific needs of medical scheme trustees, particularly as regulatory demands become more onerous and an in-depth understanding of issues facing business and the broader industry is required.”

The roles and responsibilities of trustees have frequently come under the spotlight, with calls for the regulator to explore the possibility of providing training to them and then to set a formalised minimum education level. A further challenge for the industry is that people sign up to become trustees without fully understanding the rigorous governance issues and complexities involved in overseeing medical schemes. The spectrum of knowledge required from trustees is broad and includes sound knowledge of the industry regulations and trends – as well as the wider landscape such as National Health Insurance,” explains Zola Mtshiya, Marketing and Communications Manager of the BHF.

Apart from medical scheme trustees, this development programme is aimed at principal officers, scheme management, HR, legal and forensic people who are often engaged in scheme activities. BHF encourages industry peers to take up this training in order to ensure that this broad group of people has covered all the latest knowledge on best governance principles - from legal issues, medical scheme business aspects, health finance models, health and corporate governance, fraud, waste and abuse in healthcare and the law relating to medical schemes

The BHF’s first training programme was run in March 2017 with 19 delegates signing up from nine different medical schemes. With an 84% pass rate, 16 delegates received a nationally recognised NQF 7 certification.

Wits Business School in Parktown, Johannesburg is the venue for the next four-day BHF Trustee programme, which is staggered over two blocks: 19-20 October and 2-3 November. One of the important areas that the course covers is the role and responsibilities of trustees – this is particularly relevant for training newly elected trustees and to upskill existing trustees and company management. In addition to the roles and responsibilities, the course also covers the real business of a medical scheme, vital knowledge on health and corporate governance and the law in relation to medical schemes.

October registrations are now open and the course outline and registration process can be accessed on http://www.bhfglobal.com/trustee-training. For more information, contact Mary Manamela at the BHF marym@bhfglobal.com.

Quick Polls

QUESTION

Which aspect do you think is most critical for the future success of financial advisory firms?

ANSWER

Embracing technological advancements
Rethinking fee structures
Focusing on inter-generational wealth transfer
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now