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This Month

Health insurers warn of closures without 6pc premium hike

Health funds have asked Labor to allow big premium rises as the amount they charge policyholders is not keeping pace with healthcare inflation.

  • Michael Smith
Rachel David Private Healthcare Australia CEO at The Charles Restaurant, Sydney CBD.

The woman defending the industry everyone loves to hate

Private health insurers are being derided all around, but their chief lobbyist, Rachel David, insists they make our medical system the envy of the Americans and British.

  • Michael Smith
Shareholders have approved NIB Health Insurance CEO Mark Fitzgibbon’s pay increase, but hospitals want a bigger share of insurers’ profits.

Health insurer salaries in the spotlight as premiums climb

The salaries of Australia’s big health insurance bosses are rising with their profits.

  • Michael Smith
Federal Health Minister Mark Butler says private hospitals must sort out their own mess.

Private hospitals warn of more closures after Labor refuses bailout

Health Minister Mark Butler has told struggling private hospital operators to sort out their own problems and resolve differences with insurers.

  • Michael Smith

October

Healthscope CEO Greg Horan said he had no choice but to charge extra patient fees for Bupa members to keep hospitals viable.

Healthscope vows to terminate Bupa deal if it does not accept fees

Healthscope has written to Bupa asking it to amend its contract to let it slug members with extra hospital fees.

  • Michael Smith
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Private hospitals says they are under considerable financial pain, as they pay for higher wages and bigger medical expenses.

Healthscope to slug Bupa members $100 extra for hospital stays

Six million Australian health fund members will be forced to pay higher charges to use the services of the country’s second-largest private hospital group.

  • Michael Smith
NIB Holdings chief executive Mark Fitzgibbon is facing more competition as customers tighten their belts.

Health insurers have landed in a world of pain, political or otherwise

They’re under fire from parliamentarians and hospitals for making too much profit, and yet are caught in a customer land grab that is shaving away profits.

  • Michael Smith

September

Private hospitals have been pushing for insurers to pick up more of the funding. Healthscope has succeeded in striking a deal with three major insurers.

Healthscope forces big insurers to cough up to repair its profits

Medibank Private, NIB and HCF have agreed to out-of-cycle funding payments in the “tens of millions of dollars” for the Brookfield-owned hospital group.

  • Michael Smith

February

Nick Stone, chief executive of Bupa APAC, acknowledges start-ups need freedom from large corporate processes.

Bupa becomes a venture capital player with $20m fund

Bupa Asia Pacific has raised funds to try and make the corporate VC model work, by backing the next generation of health tech start-ups.

  • Jessica Sier

July 2023

Bupa names new local chief executive

Nick Stone has been tapped to lead Bupa Asia Pacific, succeeding long-serving chief executive Hisham El-Ansary who stepped down last year after 15 years with the healthcare group.

  • Carrie LaFrenz

November 2022

Bupa Australia CEO Hisham El-Ansary will step down in March next year from the top job.

Bupa boss Hisham El-Ansary to step down

After nearly 15 years with the heath insurance and aged care giant, it was time to move on, says the outgoing CEO.

  • Carrie LaFrenz

September 2022

Emily Amos is the new MD of Wesfarmers health division, where she is in charge of integrating API – the owner of Priceline Pharmacy.

New Wesfarmers health boss plans for growth

Emily Amos is just five months into the top job at what will one day be $10 billion division for the WA-based conglomerate.

  • Carrie LaFrenz

August 2022

Ramsay Health Care signs new deal with Bupa

The contract will ensure Bupa members continue to be covered, without additional out-of-pocket costs, when they receive treatment at a Ramsay facility in Australia.

  • Carrie LaFrenz

July 2021

IntelligenceBank founder Tessa Court says she is focused on building the best product in the world as the “love child” of marketing and regtech.

Melbourne marketing tech firm bags $50m US funding

IntelligenceBank provides a marketing platform for companies including ANZ, NAB, Suncorp, KFC and Hyatt Hotels, and its growth has attracted a big VC funding cheque.

  • Updated
  • Paul Smith

May 2021

Medibank

Health insurers say prostheses reforms will give consumers a leg up

The federal government will review the existing system of incentives and penalties to join a health fund as fewer younger people take out cover.

  • Carrie LaFrenz and Andrew Tillett
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Bupa Australia CEO Hisham El-Ansary says a better balance must be struck between the wealth of the individual and their ability to contribute to the cost of their own aged care in the twilight years.

Bupa says aged care must rely more on a user pay model

The CEO of one the nation’s largest aged care players says those who can can afford to pay more should.

  • Carrie LaFrenz

March 2021

Bupa ANZ swung pack to profitability but aged care remains under pressure.

Bupa swings back to black but aged care still under pressure

Aged care revenue fell in 2020 for the nation’s largest care provider as it battled higher staffing and operational costs due to COVID-19.

  • Carrie LaFrenz

February 2021

One of the first vials of the AstraZeneca vaccine manufactured at Sequiris/CSL in Melbourne.

Vaccine rollout contingencies ready to quash new clusters

Health authorities would use vaccine stocks to “ring” new virus clusters or major outbreaks.

  • Tom McIlroy

May 2020

DealCorp executive chairman David Kobritz says companies turning over more than $50 million, such as API, do not fall under the code and are taking advantage of the situation.

DealCorp takes aim at tenants over rent

Strained relations between landlords and tenants are in full swing, from Australian Pharmaceutical Industries to Bupa.

  • Carrie LaFrenz

March 2020

BUPA Australia CEO Hisham El-Ansary there has been a first confirmed case of COVID-19 of a staff member in its Sydney offices.

BUPA Sydney office staffer contracts COVID-19

According to an email sent to staff of the local arm of the UK healthcare giant, the NSW Health Department is working through a contact tracing process to determine who might be at risk of contracting the virus.

  • Carrie LaFrenz

Original URL: https://www.afr.com/topic/bupa-1m1s