The Private Health Facilities Association of Ghana (PHFAoG) has given insurance companies that have not met their claims payment obligations a three-week ultimatum to honor their commitments to service providers.
This follows the longstanding liability of these insurance companies.
In a statement issued on Wednesday, January 24, the Association advised clients of these insurance companies to carry money to pay for their services.
“We hereby wish to state unreservedly that the insurance companies that have not met their claims payment obligations to service providers should do so within three weeks from now, commencing 24th January 2024 to 14th February 2024.”
“Within the three weeks, clients of these insurance companies are advised to carry money to pay for their services. Failure by these companies to honour their obligations as expected will attract a rather radical approach to remedy the situation,” the Association said.
It indicated that it had an average value of GH¢152,378,500 as the outstanding liability.
“This figure does not represent the entire debt owed service providers but just a fraction of the total debt outstanding. What is even more depressing is the evasiveness of some insurance companies by informing their clients (corporate organizations/individuals) to desist from accessing healthcare from certain facilities since they are no longer in good standing to provide the needed care,” it added.
The Association said it had witnessed the collapse of certain private health insurance companies like Summit Health Insurance Company, Universal Health Insurance Company, Medex, and others, which have created a huge bad debt on the books of our members.
“The fear that, the behaviour of some Private Health Insurance Schemes may end up folding up with millions of cedis belonging to service providers cannot be overlooked,” it added.
The Association said its leadership was fed up with the provision of service without immediate and appropriate reimbursement of claims.
“The Private Health Facilities Association of Ghana (PHFAoG) by this press release is officially informing all Private Health Insurance Companies except Apex Health Insurance, Star Health Insurance, Cosmopolitan Health Insurance, Acacia Health that the healthcare service providers are fed with the provision of service without immediate and appropriate reimbursement of claims,” it stated.
READ THE FULL STATEMENT FROM THE PRIVATE HEALTH FACILITIES ASSOCIATION OF GHANA HERE
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