Expert tasks HMOs on prompt capitation, claims payment to improve health insurance
Managing Director of Clearline Health Maintenance Organisation (CHMO), Isaac Akintunji, has charged Health Maintenance Organisations (HMOs) to ensure prompt payment of capitation and claims as and when due.
He said this would deepen the penetration of the health insurance scheme in the country and ultimately help in nurturing a virile economy since its human capital would be at an optimal performance level.
Akintunji, who reiterated the need for best corporate governance practices in health sector institutions, especially among the HMO, said it would engender public confidence in the health insurance scheme and boost growth in the industry.
He said it has become imperative for corporate organisations to ensure best practices and strict adherence to ethical standards, adding that HMOs needed to put sound management structures in place and promote business integrity with a focus on enduring values.
While noting the strategic importance of HMOs to the well being of the people that would steer any country out of economic challenges, Akintunji pointed out that HMOs must operate with utmost integrity, professionalism and strong ethical value system.
He argued that organisations that would take care of people’s health must first be healthy in its operating system and structures. Akintunji who recently became a life member of the Institute of Directors (IoD) Nigeria alongside executive directors of Clearline HMO, Babatunde Ladele, and Oladapo Kolawole, said: “Clearline HMO has benchmarked its corporate structure and system with the best practices in corporate governance.
This, he noted has helped a great deal, especially during the economic recession in the country. He pointed out that many corporate establishments were facing hard times not only due to the prevailing economic climate, but due to absence of good corporate governance, which exposes such companies risks.
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