1 / 7

Irish Medical Device Association John O’Dwyer, Chief Executive

Irish Medical Device Association John O’Dwyer, Chief Executive. 9 th April 2014. About Vhi Healthcare . On-going focus on product Innovation & added value for customers

xandy
Download Presentation

Irish Medical Device Association John O’Dwyer, Chief Executive

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Irish Medical Device Association John O’Dwyer, Chief Executive 9th April 2014

  2. About Vhi Healthcare On-going focus on product Innovation & added value for customers • Comprehensive range of plans ,offering tailored benefits including excellent back up services supported by online systems • New Innovative services - VhiSwiftCare Clinics in 2005 , Vhi Homecare in 2010 , Vhi Screening Centres in 2010 • Employer-focused services such as EAP and Occupational Health. Ireland’s leading health insurer with 1.17 million customers and almost 8,000 corporate schemes

  3. Funding Our Customers’ Healthcare Needs €1.3 billion paid out annually on our customers healthcare needs • Industry Pays out €1.9 billion on claims costs. • Vhi Healthcare pays out c. €1.35 billion i.e. 70% of all claims in the market • Partnership Approach – PHI spends c. €180 million on medical implantable devices • Cover provided for new innovative drugs, techniques and therapies which are clinically effective and which are aimed at improving healthcare outcomes for patients. • During 2013 these included: • Subcutaneous delivery of chemotherapy • VhiHealthcare was the first insurer to offer cover for Cyberknife in 2013 c. €220m on cancer and related care c. €160m on orthopaedic care incl. hip replacements etc. c. €110m on Heart and Circulatory System

  4. Healthcare Reform and Innovation Cost containment initiatives: • Total savings of €300 million since 2009 • Additional savings of €100 million a year for the next three years will be delivered through: - further rate reductions; utilisation management; clinical audits; clinical reviews; claims management – Special Claims Investigation Unit , public hospital reimbursement system • Implement Pat McLoughlin recommendations Reform & innovation: • New procurement models and pricing for providers and medical personnel • Driving innovative models of care – day care; side room procedures – 80% of procedures now in a day-care setting. • Length of stay reductions Key Enablers

  5. Key Healthcare Affordability Challenge is Ageing

  6. The Relative Affordability of PMI

  7. Thank you

More Related