{"id":701755,"date":"2023-07-06T08:49:58","date_gmt":"2023-07-06T06:49:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=701755"},"modified":"2023-07-06T08:50:05","modified_gmt":"2023-07-06T06:50:05","slug":"medihelp-reports-strong-net-organic-growth","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/701755\/medihelp-reports-strong-net-organic-growth\/","title":{"rendered":"Medihelp reports strong net organic growth"},"content":{"rendered":"\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.medihelp.co.za\/?Campaign=Advertorials&amp;utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=July+2023\" target=\"_blank\"><strong>Medihelp<\/strong><\/a>, one of the five largest medical schemes in South Africa, grew its membership base organically to now cover over 98&nbsp;500 main members and just over 210&nbsp;000 dependents. The Scheme also accomplished net organic growth of 8,65% in 2022. &nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.medihelp.co.za\/?Campaign=Advertorials&amp;utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=July+2023\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to find out more about Medihelp<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>Medihelp released its 2022 Annual Report recently and remarked that in a stagnant industry, these growth results are a testament to a strategy that works; a strategy that puts members\u2019 interests first.<\/p>\n\n\n\n<p>The Scheme enhanced some of its product benefits, introduced two new products, and used the reserves it built up during the COVID-19 pandemic to implement a weighted overall average contribution decrease of 0,45% in 2022. <\/p>\n\n\n\n<p>\u201cThis was a bold move and a first for the industry. And our members responded by keeping their medical aid membership with Medihelp. In fact, we retained 90,1% of members during the year, a marked improvement from the previous year.&#8221;<\/p>\n\n\n\n<p>&#8220;The fact that some 40% of Medihelp members have been with the Scheme for more than ten years also speaks volumes for members\u2019 satisfaction with our products and service,\u201d said a Medihelp spokesperson.<\/p>\n\n\n\n<p>The competitive pricing and benefits as well as Medihelp\u2019s new offering also resulted in the organisation attracting young, healthy individuals and in the Scheme maintaining its average age profile. &nbsp;<\/p>\n\n\n\n<p>Medihelp ended the year with a sound solvency ratio of 33,79%, which exceeded the required regulatory reserve of 25% by far. <\/p>\n\n\n\n<p>The Scheme also maintained its consistent financial performance and achieved its 15<sup>th<\/sup> consecutive AA- rating for its claims-paying ability and financial management from the reputable independent rating agency Global Credit Rating.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Another feather in our service cap<\/strong><\/h3>\n\n\n\n<p>As a specialist in managing individual members, Medihelp has always been known for its excellent client service, and 2022 was no exception. <\/p>\n\n\n\n<p>The Scheme was rated second in the overall ranking of the reputable Ask Afrika Orange Index service benchmark. <\/p>\n\n\n\n<p>The SA-csi international benchmarking tool also rated Medihelp high in the medical aid sector with a vast improvement in member satisfaction being noted.<\/p>\n\n\n\n<p>To find out more about Medihelp visit <a rel=\"noreferrer noopener\" href=\"https:\/\/www.medihelp.co.za\/?Campaign=Advertorials&amp;utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=July+2023\" target=\"_blank\"><strong>www.medihelp.co.za<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Medihelp, one of the five largest medical schemes in South Africa, grew its membership base organically to now cover over 98 500 main members and just over 210 000 dependents. <\/p>\n","protected":false},"author":57,"featured_media":701757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[12352],"class_list":["post-701755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-medihelp"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/701755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=701755"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/701755\/revisions"}],"predecessor-version":[{"id":701759,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/701755\/revisions\/701759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/701757"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=701755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=701755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=701755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}