Sustainable
GROWTH

Growth is never by chance, it is the result of working together

PERFORMANCE
summary for the year

Since listing on the Johannesburg Stock Exchange (JSE) in 2008, AfroCentric has pursued opportunities to make healthcare more accessible and affordable. Our transformed and integrated service offerings enable us to optimise the healthcare value chain. Our significant growth has enabled us to become a sustainable and leading player in the healthcare business.


Enhance shareholder value

Dividend increased by 28% to

  Promote transformation
  32 cents per share for the year    

Level 21 Broad-Based Black Economic Empowerment (B-BBEE) status for the

sixth consecutive year

  7% decrease in share price     2018 BHF Titanium Awards for Service Excellence: Administration and Managed Care
         
Maximise growth opportunities   Diversify revenue sources
  Total revenue increased by 11.3%     Acquired MMed Distribution, Scriptpharm Risk Management, Essential Group and Tendahealth
  Acquired 24 000 members through Hosmed      
  5 500 lives migrated from Community Medical Scheme to Bonitas after the liquidation   Deliver exceptional client service
  Contract volumes increased by approximately 20% through the award of a new set of provinces in the Central Chronic Medicine Dispensing and Distribution (CCMDD) contract with the Department of Health     Voice of the Customer survey achieved a positive response of 82.33%
         
Improve efficiencies through cost consciousness   Uplift our people
  10.5% increase in operating profit     5 274 employee complement
  R343 million fraud, waste and abuse cases detected and confirmed     7 million in training spend
        Introduction of the Blue Print training centre
Reduce the cost of healthcare      
  R408 million cost savings based on Insurance Fraud Manager (IFM) software      
  Year-on-year inflation on clients' hospital claims contained to 1%