With medical aid schemes in SA holding surplus reserve funds of up to R27bn, Alexander Forbes has questioned the way medical scheme reserving is calculated.
With medical aid schemes in South Africa holding surplus reserve funds of between R12-billion and R27-billion, Alexander Forbes Health has questioned the way medical scheme reserving is calculated. Alexander Forbes Head of Technical and Actuarial Consulting Solutions, Roshan Bhana, discusses a new possible formula for schemes developed by the Industry Technical Advisory Panel (ITAP) of the Council for Medical Schemes (CMS), as well as an Alexander Forbes Health measure to work out what reserves are required.
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Ahead of the Global Entrepreneurship Summit in Nairobi, GE (NYSE: GE) (http://www.ge.com) announced a series of new commitments aimed at addressing some of the most critical health challenges in East Africa through a sustained focus on skills development and capacity building. Among the investments, GE announced:
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JOHANNESBURG, Aug. 6, 2015 /PRNewswire/ — NEAH GES (“GES”) a Dubai based holding company focused on risk-mitigation and logistics support, which provides site security and protection, air/ground/marine transportation and evacuation, power generation O&M, and emergency medicine services to energy, mining and heavy industries across the African continent today announced that it is expanding its Emergency Medical Response Service (EMS) platform in South Africa.
GES operates EMS services in South Africa via its wholly owned affiliate, Quemic Medical Response (QMR). QMR is fully accredited with the Board of Healthcare Funders and SAPAESA and is uniquely positioned as the only medical aid accredited service provider in remote locations across South Africa.
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A Loan Agreement between Kuwait Fund for Arab Economic Development and The Republic of Benin has been signed today in Cotonou whereby Kuwait Fund extends a Loan in an amount of 5 million Kuwaiti Dinar equivalent to about US$ 17 million to participate in the of the Construction and Equipping of the Tchaourou Zone Hospital and Six Health Centers Project.
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Ascendis Health has made its first international acquisition with the purchase of a 49% stake in Spanish pharmaceutical group, Farmalider for R210 million, with a right to acquire the remainder of the business in two further tranches over the next five years.
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In a proof-of-concept study at Johns Hopkins, researchers have shown that results of common and routine blood tests are not affected by up to 40 minutes of travel on hobby-sized drones.Continue reading→

New York, United States — The Islamic Development Bank (IDB) has pledged to provide financing worth $360 million in support of a sustainable Post Ebola recovery effort for Guinea and Sierra Leone.

The announcement was made by Mr Sayed Aqa, IDB’s Vice President for Cooperation and Capacity Development on the occasion of the International Ebola Recovery Conference held in New York, United States on 10 July 2015.
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To continue to meet performance goals, the global healthcare system has to evolve and mobile technology will be at the very heart of this change. Technology is key to any 21st century business and healthcare is no different. The hospital of tomorrow will be a shadow of what it is today and if the right decisions are made, technology innovation will start to deliver huge benefits; not just to hospitals, but also to the patients it supports.Continue reading→

IBM has launched a 10-year initiative to bring Watson and other cognitive systems to Africa in a bid to fuel development and spur business opportunities across the world’s fastest growing continent. Dubbed “Project Lucy” after the earliest known human ancestor, IBM will invest US$100 million in the initiative, giving scientists and partners access to the world’s most advanced cognitive computing technologies.
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Royal Philips (AEX: PHIA, NYSE: PHG) (http://www.philips.com) has opened its first Community Life Centre in Kenya, an integrated solution for primary health care and service facilities that provides community development from a health care, lighting and healthy living perspective. Developed by the Philips Africa Innovation Hub (http://goo.gl/2bnujk) and introduced in collaboration with the County Government of Kiambu in Kenya, the Community Life Centre (located at the Githurai Lang’ata Health Centre in Kiambu County) is a proof of concept that provides access to health care and at the same time enables social, educational and commercial activities after dusk and enhances safety and security of the neighbourhood.Continue reading→