Jeremy Yatt has been elected as the new Chairman of Fedhealth effective 28 July 2014. Yatt succeeds Phil Hemus as Chairman.
Yatt, who holds a BA LLB, has more than 20 years of healthcare experience and has an intimate understanding of Fedhealth, having previously been the CEO of Fedhealth between 2003 and December 2009. During that time Yatt was closely involved in the strategic planning, financial and operational, industry and brand management of the scheme and was instrumental in growing the member base significantly.
Yatt heads the scheme at a time when the industry generally is grappling with stringent legislation, an ongoing Competition Commission’s market enquiry as well as a subdued South African economy which is impacting negatively on medical scheme growth.
Yatt said the changing medical landscape and the introduction of various new regulatory issues has placed increasing pressure and responsibility on scheme trustees. “In this regard we are delighted to have strengthened our board of trustees with the election of three new trustees bringing strong medical, actuarial and fund management expertise.”
Prior to his appointment as Chairman, Yatt spent several years in India as a healthcare insurance specialist consulting to health insurers like BUPA and Apollo Munich. This experience gave him some unique insights into the challenges and opportunities of providing health cover in emerging markets.