One of Australia's largest private hospital owners has announced it will terminate contracts with some of the country's largest insurers, including HBF, after failing to agree to a rise in fees.
A subsidiary of medicinal cannabis company Little Green Pharma has partnered with Health Insurance Fund of Australia to develop a Perth-based mental health treatment facility.
HIF members will be able to access RATs at a discounted price following a partnership struck between the health insurer and the state's branch of the Australian Medical Association.
HIF has declared its support for medicinal cannabis, offering rebates for treatments and partnering with Little Green Pharma to collaborate on research.
They don't exist to make money, but Western Australia's largest not-for-profit businesses, including HBF, RAC and St John of God Health Care, have all recorded increased revenue, according to BNiQ research.
SPECIAL REPORT: WA businesses can point to a range of wellness initiatives, but tough economic times and an emphasis on safety over health has put some employers behind the eight ball.
SPECIAL REPORT: A small but growing Perth-based health insurance fund believes the market dominance of HBF is an unnatural position that can't last in an increasingly competitive market.
The Health Insurance Fund of Australia has broken through the $100 million revenue mark for the first time, reporting income of $106 million from premiums.
When Australia's health insurance funds increased their premiums at the start of April it was Western Australian fund HIF that had the lowest increases across the board.
It may hold just a 4 per cent share of Western Australia's private health insurance sector but Health Insurance Fund has found a market niche via its provision of tailored hospital and ancillary care benefits packages to more than 40,000 people.
