Skip to content
Medical Health Aged Care

Bupa strikes key prostheses reform to help keep healthcare affordable

21 December, 2023 2 mins read

Bupa has become the first major private health insurer to announce new funding arrangements with all hospitals on almost 500 medical consumable items used in everyday surgeries, including glues, sponges, staples, and catheters to provide greater certainty for hospitals and drive lower healthcare costs for our members.

 

Australians with private health insurance pay some of the highest prices in the world for medical devices and surgical products – about $967 million more than similar countries - through the Prescribed List of Medical Devices and Tissue Products (previously known as the Prostheses List).

 

The Federal Government uses the Prescribed List to set the price Australia’s private patients must pay without using competitive processes or international price benchmarks.

 

Bupa has been advocating for reforms to change this, including supporting the Federal Government’s removal of these 500 items from the list, which is enabling health insurers and hospitals to work together and negotiate cheaper prices away from excessive device company mark ups.

 

Bupa Health Insurance Managing Director Chris Carroll said the reforms helped ensure the sustainability of Australia’s world class healthcare system for the future.

 

“These changes are about ensuring our members have access to affordable care. I’m pleased we’re leading the private health industry in taking steps in this area and working together with hospitals to offer customer-centred care and value,” he said.

 

“We’ve worked collaboratively with hospitals on a funding arrangement that takes into account hospital costs while protecting our health system from inflated prices which are then passed onto patients.

 

“With ongoing cost-of-living pressures, we will continue to push for reforms to help keep premiums affordable and sustainable including advocating for fairer medical device pricing.”

 

Bupa’s new funding arrangements using existing billing codes will apply to all hospitals, without the need for expensive software updates, helping to give them certainty six months ahead of the items being removed from the Prescribed List on 1 July 2024.

 

 

ENDS


For more information, please contact:
Aleks Devic                                           
Senior External Communications Manager, Bupa                              
Email: aleks.devic@bupa.com.au     

Mob: 0412 868 933

 

 

 

             

                                          

About Bupa Asia Pacific

 

Bupa is an international healthcare group which has been committed to a purpose of helping people live longer, healthier, happier lives and making a better world for more than 70 years.

Bupa Asia Pacific operates in Australia, New Zealand and Hong Kong, supporting about 6.5 million customers through a broad range of health and care services including health insurance, aged care, dental, medical, optical and hearing services.
Employing more than 20,000 people in the region, we believe that we can make a real difference to the lives of customers through our values, purpose and the way that we deliver personalised care.

Since 2002, we have reinvested approximately $6 billion in the region, with the Bupa Foundation investing more than $34 million to support 130+ health and care projects.

More from this category

  • Medical Health Aged Care
  • 23/07/2024
  • 15:13
Dementia Australia

Dementia Australia urges Australians to support National Elder Abuse Awareness campaign

Dementia Australia welcomes the National Elder Abuse Awareness campaign, announced by the Australian Government to encourage conversations and promote support services for victims of elder abuse.Dementia Australia Executive Director Services, Advocacy and Research Dr Kaele Stokes said the government investment in the campaign called ‘Ending the abuse of older people begins with a conversation’ is an important step forward to improving the quality of life for older Australians. “Elder abuse comes in many forms and impacts the wellbeing of many older Australians. I urge everyonein the community to learn more about the campaign and how they can promote the rights…

  • General News, Medical Health Aged Care
  • 23/07/2024
  • 13:31
La Trobe University

Spotlight on rural health research

A diverse range of La Trobe University research projects will be presented at the Rural Health School's annual conference on 25-26 July in Bendigo. The presenters are available to provide analysis and expertise on their respective topics, such as DNA damage, dry toothbrushing and improving access to perinatal health services. Rural health workforce Professor Jane Mills, Dean of La Trobe's Rural Health School, is available to speak on the Nursing Demand and Supply Report that was released by the Federal Department of Health and Aged Care earlier this month. https://hwd.health.gov.au/supply-and-demand/nursing-supply-demand-study.html Main report finding: The new projected shortage number is an…

  • Medical Health Aged Care
  • 23/07/2024
  • 13:27
iAgeHealth

iAgeHealth brings 24/7 Allied Health Support to the Aged Care Clients across the Roper Gulf Region

iAgeHealth brings 24/7 Allied Health Support to the Aged Care Clients across the Roper Gulf Region. In an industry defining agreement, Roper Gulf Regional Council and iAgeHealth have moved to implement a 24/7 virtual allied healthcare platform allowing clients to receive support from the comfort of their own home. The program, staffed by experienced allied health professionals who are able to assist age care clients recovery following illness or injury and manage chronic health conditions, removes the barrier of remote living for many of the clients. Due to the current federal funding, clients receive services from clinical and non-clinical service…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.