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Category: Insurance News / Medical Schemes / Medicover / July 2006

 

Medicover offers brokers a better deal

Traditionally Medicover was known to brokers as a “government” oriented medical scheme. Up to 2005 a very specific broker network was selling mainly to the government sector on an individual basis.

In 2005, as part of the drive to improve service levels Medicover made internal structural changes to its operating division, implemented new systems and upgraded the membership and call centre divisions. A concerted effort was made to enhance the service levels within the organization.  For this purpose Medicover linked up with select business partners, in the drive to become one of the best open schemes in the country.

As part of the refocusing process, Medicover had to change its marketing strategy from targeting government employees to organizations and private individuals.

To assist brokers in realigning themselves, Medicover started a broker consulting division, and embarked on regular regional training sessions for existing brokers. The first Broker Conference and Medicover Product Launch was held in October 2005 and was received with great enthusiasm.

A regular newsletter now keeps brokers informed of important issues happening at Medicover, as well as in the healthcare industry, and a dedicated broker consultant is in the process of being appointed.

Furthermore Medicover is partnering with NHA and is currently using the NHA broker management system, Unique Payment Services (uPs).  uPs provides the health insurance industry with specialist Broker Management and Commission services and helps Medicover keep their finger on the pulse at all times with respect to their brokers and, in turn, their members. uPs provide the necessary tools to keep accreditation up-to-date and to ensure that Medicover stay in line with required legislation. With their uniquely developed system uPs also provides an Internet based tool that ensures the ultimate in production, innovation and motivation and a streamlined reporting system for the scheme and its brokers. 

With effect from 1 March 2006, uPs is responsible for the following service to Medicover accredited brokers:

  • Reviewing broker contracts

  • Checking brokers are licensed in accordance with FSB code 1/16/a/b

  • Notifying brokers when renewed council accreditation is due

  • Monitoring member/broker links

  • Calculating commission (to be audited by external auditors monthly)

  • Distributing commission statements

  • Responding to broker queries related to commission

  • Web activations and Reporting

Medicover’s advantage lies in the fact that it is a self-administered scheme, so brokers are dealing directly with the scheme and not with an admin company. It has the right product mix and the best business partners, but they realise they need brokers to assist them in selling the product to the right people. Medicover is well-positioned for this relationship.

Author: Iselle McCalman

 

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