Fedhealth appoints new PO

Jeremy Yatt.

Jeremy Yatt has been appointed as the new Principal Officer of Fedhealth effective 1 August 2015. Yatt succeeds Peter Jordan. Jordan and the board have amicably parted ways due to strategic differences.

Yatt, who holds a BA LLB, has more than 20 years of healthcare experience and has an intimate understanding of Fedhealth, having previously been the CEO of Fedhealth between 2003 and December 2009. During that time Yatt was closely involved in the strategic planning, financial and operational, industry and brand management of the scheme and was instrumental in growing the member base significantly. In 2014 Yatt was appointed chairman of the scheme. He has subsequently resigned from the board and a new chairman will be elected in due course.

Yatt will head the scheme at a time when the industry generally is grappling with stringent legislation, an ongoing Competition Commission’s market enquiry as well as a subdued South African economy which is impacting negatively on medical scheme growth.

Yatt said the changing medical landscape and the introduction of various new regulatory issues has placed increasing pressure and responsibility on schemes. “We have a strong board of trustees and this year strengthened our board of trustees even further to ensure the right mix of medical, actuarial and fund management expertise.”