Nib Holdings Ltd · ASX:NHF
Nib — Australian Healthcare Summit 2014
7 slides from Nib's conference presentation, Oct 16, 2014
Slide 1: Presentation to Australian Healthcare Summit – 16 October 2014
nib holdings limited t 13 14 63 Head Office f 02 4925 1999 22 Honeysuckle Drive Newcastle NSW 2300 e [email protected] abn 51 125 633 856 w nib.com.au For personal use only 16 October 2014 The Manager Company Announcements Australia Securities Exchange Limited Level 4, Bridge Street SYDNEY NSW 2000 Pre
Slide 2: Australian Healthcare Summit 2014: The Tardis of Private Health Insurance
For personal use only Australian Healthcare Summit 2014 The Tardis of Private Health Insurance Mark Fitzgibbon Chief Executive Officer/ Managing Director 16 October 2014
Slide 3: 2014 – Age of Aquarius
2014 – Age of Aquarius • Insurers and policyholders mostly pay whatever doctors and For personal use only hospitals demand based upon fee for service. • Insurers pay the same fee irrespective of clinical performance and quality. • Doctors, hospitals and every other clinical provider has an economic
Slide 4: 2016 – Waxing consumers sovereignty
2016 – Waxing consumers sovereignty For personal use only • Insurers collaborate and contract with GP’s for the purposes of better managing “frequent flyers” and reducing unnecessary volume, especially hospital admissions. • All hospital provider contracts exclude payment for “never ever” events and
Slide 5: 2020 – The earth is flat after all
2020 – The earth is flat after all For personal use only • All hospital payments are DRG based but largely remain fee-for- service thereby still rewarding volume. But some capitation based integrated care networks are growing. • There are four major health insurers with further international ownersh
Slide 6: 2025 – The end of the policy Darleks
2025 – The end of the policy Darleks For personal use only • “Medicare Select” is in place with insurers covering the entire healthcare spectrum. Insurers compete for customers via product, service and price. • Public healthcare funding accounts for 50% of total funding and is centred upon those who
Slide 7: A brave new world – inescapable truths
A brave new world – inescapable truths • More of our national spending will be in private sector because: For personal use only • Superior value proposition and increasing consumer wealth. • Greater efficiency. • Government fiscal challenges. • But cost inflation must be managed to keep private heal