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Momentum Health puts healthcare clients’ needs first in 2017

Momentum Health puts healthcare clients’ needs first in 2017 “Offering members continued peace of mind in 2017 amidst a challenging industry-landscape, remains Momentum Health’s core focus,” says Damian McHugh, Head of Health Marketing at Momentum Group.

Tougher times call for stronger scheme financials

The financial wellness (or lack thereof) of South Africans is of increasing concern, compounded by the volatile economic climate of the country. A worrying statistic is that one in four South Africans is unemployed, and less than two out of every ten people in the country have medical aid. Coupled with quickly rising medical costs, this creates a formidable challenge to face in the near future.

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Momentum Health scoring high on member satisfaction

The South African Customer Satisfaction index (SAcsi) recently afforded Momentum Health a higher than industry score of 75.6, denoting its members’ overall satisfaction with Momentum Health and its ability to meet its members’ expectations.

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Focus on client needs at the core of Momentum Health in 2015

Announcing an average annual contribution increase of 7.9% for 2015, Momentum Health cited stability in terms of its product, financials and service offering against the background of a volatile industry as the main factors contributing to the Scheme’s favourable outlook. The Scheme also noted that it was one of very few that managed to grow its membership without seeing a decline in its average member age.

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Strong year boosts Momentum Health’s rise through the ranks

The past financial year has seen Momentum Health strongly outperform its industry. Not only has the Scheme continued to grow by just over 7%, but it has attracted a favourable membership profile and increased uptake in supporting products. These successes were achieved against an industry background where half of the open scheme market closed down or consolidated over the past decade, a trend expected to persist for several more years.

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Momentum Health announces low contribution increase on the back of a positive performance

Having announced a contribution increase well below that of its major competitors, Momentum Health has not only grown faster than the industry average over the past years, but it also retains the enviable position of boasting the lowest average member age out of the top ten open medical schemes in South Africa.

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Why do you need medical aid? Click here for a short video clip that explains it all!

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