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.
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Enhance shareholder value Dividend increased by 28% to |
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Promote transformation | |
32 cents per share for the year | Level 21 Broad-Based Black Economic Empowerment (B-BBEE) status for the sixth consecutive year |
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7% decrease in share price | 2018 BHF Titanium Awards for Service Excellence: Administration and Managed Care | |||
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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% | |||
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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 | ||||
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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% |