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NOMINEES | STRONG AND SUSTAINABLE PERFORMANCE<br />
NOMINEES | STRONG AND SUSTAINABLE PERFORMANCE<br />
<strong>Bupa</strong> New Zealand<br />
Janet Lester<br />
Karry Durning<br />
Parkwood and St Nicolas move to<br />
Parkstone Care Home<br />
In 2011 Christchurch, New Zealand, suffered a severe<br />
earthquake resulting in a significant loss of lives<br />
and destruction in major parts of the city. <strong>Bupa</strong> <strong>NZ</strong><br />
Parkwood Care Home was extensively damaged in the<br />
earthquake. Despite this, the Care Home remained<br />
open and our wonderful staff delivered exceptional<br />
care to our residents, their families and each other<br />
under extremely stressful circumstances.<br />
Following the earthquake, the decision was made<br />
to build a new Care Home in Christchurch, to be<br />
called Parkstone Care Home to replace the severely<br />
damaged site. The staff were excited about having a<br />
brand-new Care Home.<br />
When this home was built, an extraordinary project<br />
team took on the task to unite the residents and<br />
staff from Parkwood Care Home and St Nicolas Care<br />
Home under the new roof of Parkstone Care Home.<br />
The relocation was hugely successful seeing 76 happy<br />
residents move across to the new home within 48<br />
hours.<br />
.<br />
Health Insurance<br />
Adam Longshaw<br />
Andrew Ashcroft<br />
Fabio Tiani<br />
Karin Calderisi<br />
Exceptional performance in the face of<br />
affordability concerns and a declining market<br />
The increasing cost of healthcare in Australia is contributing<br />
to an affordability challenge that has the potential to<br />
threaten the sustainability of the health insurance industry<br />
by reducing participation in the under 35 age group.<br />
In 2016, <strong>Bupa</strong> Health Insurance faced these challenges and<br />
put in place multiple strategies to address these issues on<br />
behalf of <strong>Bupa</strong> customers.<br />
Initiatives included enhancing customer value propositions,<br />
negotiating improved terms and rates with hospitals and<br />
ancillary providers, introducing retention programs and<br />
delivering the lowest premium increase in five years:<br />
1. Enhancing customer value propositions through new<br />
services, product offerings and reduced out-of-pockets<br />
without sizeable premium increases<br />
2. Negotiating improved terms and rates with hospitals and<br />
ancillary providers, seeing 98% of inpatient hospital costs<br />
fully covered while increasing the usage of our contracted<br />
Ancillary providers to more than 50% of all services for<br />
the first time.<br />
3. The Customer Growth team focused on new ways<br />
to grow our customer base through the <strong>Bupa</strong> Cross-<br />
Referral Program, combined with the development<br />
of innovative partnerships with third parties such as<br />
Compare the Market and Velocity, that resulted in <strong>Bupa</strong><br />
Health Insurance outperforming its competitors and<br />
shifting <strong>Bupa</strong> to the largest health fund in Australia across<br />
customers, policies, revenue and profit.<br />
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