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Prudent management of resources sees scheme reaching new heights.
Innovation is an essential part of improving the healthcare industry. However, with innovation comes the unavoidable hike in prices that has the potential of placing health insurance just out of reach of those who need it the most.
The latest amendment to the Value-added Tax (VAT) Act relating to the increase in VAT rate from 14% to 15% will be implemented effective 1 April 2018. As of, service provider tariffs such as doctors, specialists and hospitals, all medicines and consumables billed to medical schemes will increase by 1%.
According to PwC’s Health Research Institute’s annual report ‘Top health industry issues of 2017, A year of uncertainty and opportunity’ – patient-centrism, consumer choice, quality, affordability – are hallmarks of the pivot toward value-based care, one of the most powerful forces reshaping the industry.
The strongest deterrent against FSP compliance missteps is or should be: