Medical aid risk assessment: The oft-overlooked responsibilities in King III
Medical Aid Risk Assessment, by Jillian Larkan, Head of Healthcare Consulting at GTC 17 September 2015 South African companies are well acquainted with the concept of corporate governance and risk management, as succinctly outlined in the King III Report on Corporate Governance. This set of guidelines has become a standard for all businesses who take their reputation seriously, and it has undoubtedly contributed to the country consistently ranking tops among the world’s most compliant economies. One aspect that may be overlooked by many, however, is a company’s roles and responsibilities with regard to the organisation’s chosen medical aid provider. The reason it tends to be overlooked is that it is not specified in King III, even though it clearly falls within the ambit of two important provisions in the code. All too often the annual review of a medical aid provider... Read More
