Picture


June 13, 2019: HCF Ahead of the Pack on Transparency


13 June 2019 - Sydney, HCF's recently launched out of pocket costs tool has proven hugely successful in providing members valuable information on the range of out-of-pocket expenses charged by individual specialists for common procedures. The digital platform, launched by HCF in February of this year is the first of its kind designed to ensure members have the tools they need to avoid or minimise gap payments.

The Federal Government has recently announced they will also be setting up a tool for comparison purposes althought the timing of its implementation is unclear.

Dr Andrew Cottrill, HCF's Chief Medical Officer, says HCF recognised that out-of-pocket expenses associated with medical procedures were a significant problem and a major pain point for consumers.

"Fees can vary widely between medical specialists and it is difficult for consumers to make informed decisions when selecting healthcare providers. By launching this platform, we have empowered our members to make decisions with a greater awareness of the potential out of pockets costs they may face" said Dr Cottrill.

The data is also available to GPs via their clinical software to help inform discussions with HCF members about the likely cost of common procedures at the time of referral.

Information is provided on over 210 common procedures based on HCF claims data. From its launch on 21 February to end April more than 27,000 HCF members viewed health provider details with more than 25,000 searching for procedure fees. The most common procedure gaps viewed were for cataract removal and lens replacement, colonoscopy and related treatments, knee and hip replacement and childbirth.

"It is great to see our members using this valuable on-line resource to support them in choosing their specialist" said Dr Cottrill.

In 2017/18 HCF - Australia's largest not for profit health insurer, provided private health insurance to more than 1.5 million members; paid more than $2.2 billion to members in hospital and extras claims and covered more than 589,000 hospital admissions.


INDEX

SECTION 1 THE HOSPITALS CONTRIBUTION FUND OF AUSTRALIA LIMITED FINANCIALS

SECTION 2 THE HOSPITALS CONTRIBUTION FUND OF AUSTRALIA LIMITED PROFILE

SECTION 3 PRESS RELEASES: 2019

SECTION 4 OTHER NEWS: 2019

SECTION 5 PRESS RELEASES: 2018

SECTION 6 THE HOSPITALS CONTRIBUTION FUND OF AUSTRALIA LIMITED TOP MANAGEMENT


SECTION 1 THE HOSPITALS CONTRIBUTION FUND OF AUSTRALIA LIMITED FINANCIALS

FY2018 Annual Report: The Hospitals Contribution Fund of Australia Limited profits hit by 30.7% fall


Major changes compared with previous year:
Favourable Changes:
Sales and marketing expenses to Sales down from 4.6% to 4.5%
Current ratio up 8.8% from 25.7 to 28.0
Total non-current assets to Total Assets up from 15.9% to 19.3%
Fixed Assets to Total Assets up from 8.1% to 12.2%
Unfavourable Changes:
Net profit slumps 30.7% from $A186.9m ($US143.5m) to $A129.6m ($US95.7m)
EBIT Margin down from 7.5% to 5.0%
EBIT to total assets down from 8.7% to 5.5%
Total revenue to total assets down from 1.2 to 1.1
Profit before tax to Sales down from 7.5% to 5%
Interest revenue to Sales down from 3.1% to 2.4%
Working capital to total assets down from 80.8% to 77.8%
Total current assets to Total Assets down from 84.1% to 80.7%
Total Liabilities to EBITDA of 5.0 compares unfavourably with the Joseph Piotroski benchmark of <5. This ratio has deteriorated by 49.9% from the previous year's ratio of 3.4.
Total Liabilities to Operating Cash Flow of 6.2 compares unfavourably with the Joseph Piotroski benchmark of <4. This ratio has deteriorated by 7.8% from the previous year's ratio of 5.8.
Note:
Total liabilities to Total assets steady at 0.3
Retained earnings to total assets steady at 65.9%
Short-term investments to Total Assets down from 73.7% to 71%
Intangibles to Total Assets down from 4.9% to 4.7%
Annual Report [Year-on-year comparison: 2018 vs 2017]
Company Name : The Hospitals Contribution Fund of Australia Limited
June 302018201720182017Change
Description$A m$A m$US m$US m(%)
Sales Revenue2,641.52,528.71,950.31,940.7Up 4.5
EBITDA132190.797.5146.4Down 30.8
EBIT132190.797.5146.4Down 30.8
Pre-Tax Profit/(Loss)132190.797.5146.4Down 30.8
Profit/(Loss) after Tax129.6186.995.7143.5Slumps 30.7
Working Capital1,879.91,766.11,3881,355.4Up 6.4
Current Assets1,949.61,837.51,439.41,410.2Up 6.1
Current Liabilities69.671.451.454.8Down 2.5
Shareholders' Funds1,748.71,542.21,291.21,183.6Up 13.4
Total Liabilities666.6643.4492.2493.7Up 3.6
Total Assets2,415.32,185.61,783.31,677.3Up 10.5
Total Debt3.75.42.84.1Down 30.8
Operating Cash Flow106.9111.278.985.3Down 3.9
Net Tangible Assets1,634.71,434.21,2071,100.7Up 14

Year-on-year comparison of Performance Ratios
June 3020182017Change (%)
Return on Equity (%)7.412.1Down 38.8
Return on Assets (%)5.48.6Down 37.2
Total debt to net tangible assets (%)0.20.4Down 50
Total Liabilities to Operating Cash Flow6.25.8Up 7.8
Total Liabilities/Total Assets (Down 3.4% from 0.29 to 0.28)0.30.3Down 3.4
Current Ratio2825.7Up 8.8
Common Size Ratios by Assets %   
Total current assets to Total Assets 80.7 84.1 Down 4.0
Short-term investments to Total Assets 71.0 73.7 Down 3.6
Total non-current assets to Total Assets 19.3 15.9 Up 21.2
Fixed Assets to Total Assets 12.2 8.1 Up 50.4
Intangibles to Total Assets 4.7 4.9 Down 4.9
Common Size Ratios by Sales %   
Profit before tax to Sales 5.0 7.5 Down 33.7
Sales and marketing expenses to Sales 4.5 4.6 Down 3.1
Interest revenue to Sales 2.4 3.1 Down 21.4


Currency Conversion (June 30, 2018): $US1 = $A1.35

Currency Conversion (June 30, 2017): $US1 = $A1.3



SECTION 2 THE HOSPITALS CONTRIBUTION FUND OF AUSTRALIA LIMITED PROFILE

2.1 ACTIVITIES
HCF, Australia's largest not-for-profit health fund protecting people since 1932, covers around 1.5 million members with health and life insurance, community care, travel and pet insurance. On average over the last five years, HCF has paid out more cents in every dollar in premiums to members as benefits than the industry average. With over 35,000 specialists participating in its Medical Gap Cover Scheme and approximately 10,000 providers participating in its 100% back More for You programs, HCF gives members access to quality healthcare with no gaps or minimal costs compared to non-participating providers. To empower members to put their health first, HCF also offers a range of health and lifestyle services including its My Health Guardian health management program, mobile Victor Chang Heart Health Checks and My Global Specialist second opinion service. HCF's national network of retail outlets and Australian-based call centres have earned multi-award winning status. HCF members also have access to low cost, high quality services at HCF Dental Centres. Having contributed $50 million to support the health services research funded by the HCF Research Foundation, HCF is devoted to investing in the future of Australia's health.

2.2 SUMMARY
Fiscal Year End: 30 Jun 2018
PermID: 4296856369
Website: https://www.hcf.com.au/

SECTION 3 PRESS RELEASES: 2019

March 22: HCF continues to support Australians with additional benefits following the launch of new product suite

22 March 2019 - HCF, Australia's largest not-for-profit health insurer has, today, announced their new Gold, Silver, Bronze and Basic cover categories, in response to the government initiated Private Health Insurance Reforms, which take effect 1 April 2019. Underpinning the reforms is the desire to remove complexity, standardise clinical definitions and help consumers compare products.

Under the new, simplified tiered system, HCF will offer Hospital products in Gold, Silver Plus, Silver, Bronze Plus, Basic Plus and Basic categories. In designing our Hospital products we have taken into account the needs of everyday Australians to ensure that they receive the best cover at the most affordable price.

In addition to the simplified system, HCF will pay certain benefits towards members' travel and accommodation under hospital cover as well as offer the option to choose products with higher excesses in return for lower premiums.

HCF Chief Executive Officer Sheena Jack, said that HCF has worked hard to deliver a suite of products that best suit the varying needs of its members. Most members will benefit from the changes or see minimal to no changes at all.

"For those products where benefits have changed, we have clarified those changes with impacted members to ensure they are aware of the changes to their policies and to discuss their cover options," she said.

"For younger people we are introducing a competitively priced youth package, which will feature the treatments and services most likely to be used by younger people and with more flexibility in how extras are used," Ms. Jack said.

From 1 April 2019, approximately 50% of our policies will transition to Gold, Silver, Bronze Plus, Basic Plus or Basic classified Hospital products. We will be working on transitioning the remaining 50% by April 1, 2020 so that by that time all of our Hospital products comply with the new classifications.

All of our on-sale Retail and Corporate Hospital products for new and existing members will be classified under the new tiering system from 1 April 2019.

"Empowered consumers are a win for everyone.

February 14: HCF partners with HealthShare to help members take control of out-of-pocket costs

Sydney, 14 February, 2019 - A new initiative launched by not-for-profit health fund HCF will give members valuable information on the out-of-pocket expenses charged by individual specialists. The digital platform, developed in partnership with HealthShare, is the first of its kind designed to ensure members have the tools they need to avoid or minimise gap payments.

The initiative, available via the HealthShare website, will allow members to access data about typical out-of- ket expenses.

Dr. Andrew Cottrill, HCF's Medical Director, says HCF recognises that out-of-pocket expenses associated with medical procedures are a significant problem and a major pain point for consumers.

"Fees can vary widely between medical specialists and it is difficult for consumers to make informed decisions when selecting healthcare providers. We are advocating for increased transparency around costs for our members. By developing this platform, we want to empower our members to make decisions with a greater awareness of the potential out of pocket costs they may face" said Dr. Cottrill.

HealthShare's find-a-provider directory also helps members find local specialists participating in HCF's Known Gap or No Gap scheme called Medicover.

According to Dr. Cottrill, "We previously made information available about how frequently specialists charge less than $500 in out-of-pocket expenses by using our Medicover scheme. Now we have taken the next step to clearly show what their out-of-pocket costs may be based on our claims data".

The data will also be available to general practitioners via their clinical software to help inform discussions with patients about the likely cost of treatment for HCF members.

Mr. Rami Weiss, HealthShare CEO said "At HealthShare, we believe that the best health decisions are informed ones - especially when it comes to choosing the right specialist for each person's needs.

SECTION 4 OTHER NEWS: 2019

May 27: HCF unveils new brand platform that makes uncommon care feel like common sense

27 May, 2019 - HCF, Australia's largest not-for-profit health fund, welcomes the reappointment of The Hon Greg Hunt MP as Minister for Health. This is a welcome announcement for the private health insurance industry in light of the Coalition's commitment to making health cover more affordable for Australian's.

During the election campaign, Minister Hunt expressed his support for the role of private health insurance and the need for reform to reduce the pressures felt by the health system and individual Australians.

HCF believes the Coalition's focus on health, in particular, its promise to restore the rebate to 30 percent of the costs of premiums when fiscal circumstances improve, will help the fund maintain its own vision for its members.

"Everything we do at HCF is to make health cover more understandable, affordable, high quality and customer-centric. We are pleased to see that Minister Hunt continues to support the value of private health insurance and shares the same vision - to look for opportunities to improve health cover affordability" said Sheena Jack, CEO of HCF.

"We look forward to working with Minister Hunt to investigate the ways in which we can keep premiums as low as possible."

"This year we delivered our lowest average premium increase in 17 years.

April 04: HCF supports focus on out of pocket costs - but more work on health service efficiency required

Thursday 4 April 2019, 9pm - HCF, Australia's largest not-for-profit health fund, welcomes the reappointment of The Hon Greg Hunt MP as Minister for Health. This is a welcome announcement for the private health insurance industry in light of the Coalition's commitment to making health cover more affordable for Australian's.

During the election campaign, Minister Hunt expressed his support for the role of private health insurance and the need for reform to reduce the pressures felt by the health system and individual Australians.

HCF believes the Coalition's focus on health, in particular, its promise to restore the rebate to 30 percent of the costs of premiums when fiscal circumstances improve, will help the fund maintain its own vision for its members.

"Everything we do at HCF is to make health cover more understandable, affordable, high quality and customer-centric. We are pleased to see that Minister Hunt continues to support the value of private health insurance and shares the same vision - to look for opportunities to improve health cover affordability" said Sheena Jack, CEO of HCF.

"We look forward to working with Minister Hunt to investigate the ways in which we can keep premiums as low as possible."

"This year we delivered our lowest average premium increase in 17 years.

April 02: The Hospitals Contribution Fund of Australia Limited: CALL FOR EXPRESSIONS OF INTEREST $1 MILLION INHEALTH SERVICE RESEARCH GRANTS

Sydney, Tuesday 2 April, 2019 - The HCF Research Foundation has today announced seven recipients of over $1 million in research grants, with funded projects aiming to improve the delivery of health services in Australia.

The independent research projects will address key healthcare issues including aged care, pain management and the improvement of the hospital discharge process to enhance patient knowledge.

The HCF Research Foundation grants range in value from $80,000 to $274,000 and aim to drive improvements in the quality, safety, appropriateness and cost effectiveness of health care in Australia.

Lisa McIntyre, HCF's Research Foundation Chair, says the 2019 grants highlight emerging issues that impact health and patient outcomes.

"The recurring theme in these projects is efficiency and the importance of reducing low value care. Aged care, pain management and patient literacy are all prime areas for improving health service delivery," said Ms. McIntyre.

Improving quality care for older Australians

According to Lisa McIntyre, improving the delivery of health services to elderly Australians is a key focus of this year's grant recipients.

"The ongoing Aged Care Royal Commission has highlighted significant challenges in the delivery of aged care and we are pleased that a number of independent projects have been funded that focus on the health of older Australians," said Ms. McIntyre.

Professor Luke Bereznicki from the University of Tasmania has received funding for a project that will examine the prevention of adverse drug reactions in elderly patients.

"Increases in life expectancy, the prevalence of chronic disease in older age groups and the number of medicines used to treat them raises the risk that older people will experience an adverse reaction," said Professor Bereznicki.

"With the support of the HCF Research Foundation, we will examine the effectiveness of risk assessments focussed on reducing adverse drug reactions during hospitalisation and in the 12 months after discharge."

Professor Gustavo Duque from The University of Melbourne has also received funding for a project that aims to improve the prevention of in-hospital hip fractures for patients aged over 75.

March 18: HCF unveils new brand platform that makes uncommon care feel like common sense

Monday 18 March, 2019 - HCF, Australia's largest not-for-profit health fund, has today unveiled a new brand platform and multichannel campaign that taps in to the many ways HCF puts the health of their members first.

The new above-the-line campaign, titled 'Uncommon Care,' demonstrates how everyday Australians do uncommon things for the people they care about, and draws a parallel to how HCF regularly goes above and beyond to care for their members.

From a couple of inner-city friends en route to a cosplay event, to an elderly man's unexpected compassion for his young neighbour, the care demonstrated in the new campaign by the central characters reaffirms HCF's role in being there to look after their members when they need it the most.

The campaign marks a clear shift in creative direction for HCF, focusing on a series of believable and honest portrayals of moments Australians can relate to.

Greg McAweeney, Chief Officer of Business Growth at HCF, said the new campaign is all about showing Australians that HCF is committed to putting people before profit.

"Prioritising members before profit is at the very heart of who we are and what we do. Being not-for-profit means we can and do behave differently to other funds, and this new campaign illustrates what this means for our members," said Mr. McAweeney.

"We wanted to develop a campaign creative that's inviting and is delivered through real and relatable performances.

March 05: HCF in sync with Governments strategy to tackle specialists out of pocket costs

5 March 2019 - HCF, Australia's largest and most trusted not for profit health fund, has backed the Federal Government's announcement that it launch a national strategy to tackle excessive out of pocket costs charged by medical specialists.

Minister Hunt has announced the development of a website to provide Australians with transparency and an education campaign to inform patients about the costs of specialist services.

"We support any initiative designed to remove the major pain point that bill shock has for Australian consumers." said HCF CEO, Sheena Jack.

"Our own research shows fees can vary widely between medical specialists and it is difficult for consumers to make informed decisions when selecting healthcare providers.

For that reason we launched our own website for HCF members last month to provide more information and transparency around potential out of pocket costs.

By developing this platform, we want to empower our members to have discussions with medical specialists to either avoid or at least be aware of the out of pockets costs they may face" Ms. Jack concluded.

Source: Company Website

March 04: HCF driving entrepreneurs to deliver innovative health solutions

4 March 2019 - HCF, Australia's largest not-for-profit health fund has today announced the up-and-coming health technology entrepreneurs who will participate in the 2019 HCF Catalyst Accelerator program. The Catalyst Accelerator program, now in its fourth year, is designed to support innovation in health care by providing funding and hands-on resources to some of Australia's most promising new business models.

In total, five early Startups and four Scaleups have been selected to participate in the program. These businesses were selected following a review of more than 250 applications from all over the world. The chosen participants reflect HCF's aspiration to transform the way traditional health care is delivered, and aligns with its vision to make it more understandable, affordable, high quality and customer-centric.

The selected Startups and Scaleups will take part in a 12 week program to further develop their ideas into investment-ready businesses that could provide substantial benefits for the Australian health system.

Source: Company Website

January 21: The Hospitals Contribution Fund of Australia Limited: New advertising campaign puts trust back into health insurance

Monday 21 January, 2019 - At a time when Australians are feeling uncertain and disillusioned about health insurance, Australia's largest not-for -profit health fund, HCF, is reminding its members that after more than 85 years of service, they are still considered Australia's most trusted health insurer.

HCF has launched its latest advertising campaign today, called 'HCF Trust', across Australia in celebration of the health fund receiving the top score as Australia's most trusted health insurer in the 2018 Roy Morgan Net Trust Score Survey.

The campaign creative points out every day experiences that often leave Australians cynical - such as the internet, public transport, summer TV and phone battery life. Through various advertising executions, HCF references these common annoyances to reassure Australians they can still trust their health insurance.

The top ranking from Roy Morgan also supports HCF's continued growth. Over 120,000 Australians chose to switch to HCF from other funds in 2017.

Greg McAweeney, Chief Officer of Business Growth at HCF, said the new campaign is all about reassuring Australians that HCF continues to be committed to being champions for their member's health.

"Our latest campaign is purposefully focused on trust because we recognise that many Australians are feeling uncertain about health insurance at the moment.

SECTION 5 PRESS RELEASES: 2018

May 18: HCF Blacktown recognised for support to local community in business awards

Blacktown, 18 May, 2017: HCF, the largest not-for-profit health fund protecting Australians since 1932, has been recognised for its strong commitment to serving the local Blacktown community.

Staff at the HCF Blacktown branch won the "Sydney Local Business Award" at the 2017 Blacktown Local Business Awards. The awards ceremony was held at The Blacktown Workers Club on Tuesday, 16 May, where HCF was recognised as a winner in the Specialised Business category.

Gurdeep Sodhi, Branch Manager at HCF Blacktown, says he is proud that his team's dedication to the health of the Blacktown community is being recognised.

"It's very rewarding to win a Local Business Award and to be recognised for the hard work we do every day. We're a close-knit team and we pride ourselves on our excellent customer service.

"Most of our staff have worked at the branch for over 20 years, which ensures that we have exceptional knowledge of the local community and can provide a very personalised service. We go above and beyond to resolve issues, so that members leave with a smile on their face.

"I have worked at HCF for 30 years, and feel privileged to be able to serve the community, helping members on their health journey," Mr. Sodhi said.

HCF offers various branch services to help Australians improve their health knowledge, including the Victor Chang Heart Health Checks that test members for heart disease risk factors and health stations which look at members' weight, BMI and body fat percentage. Initiatives like these help HCF offer personalised services based on the needs of local communities that each branch serve.

The HCF branch at Blacktown is a hub of the community, offering first hand support for members. The dedicated staff empower locals to understand and navigate the complex healthcare system, to get the most from their health cover according to their personal needs.

HCF branches enable national insights and resources to be customised on a local level, both with members and the broader local community.

SECTION 6 THE HOSPITALS CONTRIBUTION FUND OF AUSTRALIA LIMITED TOP MANAGEMENT

Robert J. Goaley, Chairman & Non-Executive Director
Mr Goaley was elected Chair of the Board of HCF and Manchester Unity in November 2012 having been a non-executive Director of both companies since January 2009. He has also been a Director of HCF Life since November 2012. Between 1980 and 2002, Mr Goaley held a number of roles at Manchester Unity including General Manager and Chief Executive Officer.
Mr Goaley was previously a Director of the Australian Health Insurance Association, Australian Friendly Societies Association and the Australian Health Services Alliance. He has extensive experience at executive, Board and Chair level in the provision of private health insurance, friendly society benefits, investment products and the provision of aged care and retirement services.

Sheena Jack, Managing Director
Ms Jack was appointed Chief Executive Officer of HCF in August 2017. Prior to this appointment she served as Chief Financial Officer from 2006, during which time she led the acquisition of Manchester Unity, and Chief Strategy Officer from early 2014. Ms Jack has been responsible for development of HCF's 2020 Strategy, the strategic roadmap for the business, and the creation of HCF Catalyst, Australia's first corporate backed health tech accelerator.
Ms Jack has more than 25 years' experience as a finance professional and corporate executive across various industries including health and life insurance, banking, superannuation and wealth management. She also has extensive experience across business transformation. As Chief Financial Officer of IAG Financial Services, Sheena had a key role in the creation of ClearView and was responsible for the business integration when they were purchased by MBF.
Ms Jack is also a Non-Executive Director of Uscom, an ASX listed medical device company.

Jane T. Southwell, Non-Executive Director
Ms Southwell was elected to the Board of HCF in October 2017 and appointed to the Board of Manchester Unity in November 2017. She is a lawyer with more than 30 years' experience in management and company secretarial roles, primarily within the financial services sector. She has more than 10 years' experience working with not-for-profit mutual organisations, including as Executive Director of the Australian Friendly Societies' Association (the peak industry body representing mutual friendly societies to government, regulators and the community).
Ms Southwell has in-depth experience of prudential, legislative and regulatory compliance within APRA-regulated institutions, including working closely with regulators, overseeing actuarial services and managing the merger of mutual entities.
Ms Southwell was previously Principal Executive Officer and Company Secretary for Norwich Union Friendly Society Limited and has held senior executive management roles including, Principal of Medley Hall, a residential college of the University of Melbourne, and project management roles with the Biotechnology & Ethics Unit, Department of Human Services (VIC). Ms Southwell has recently retired as Company Secretary for Daylesford District Community Developments Limited and is pursuing her research and teaching interests in the field of mindfulness.

Catherine M. Hallinan, Non-Executive Director
Ms Hallinan was appointed to the Board of HCF Life in June 2011 and is currently Chair of the Audit Committee. She has extensive expertise across the financial services industry, spanning: insurance, investments; retail, business and institutional banking; consultancy; strategy and planning; and mergers and acquisitions.
Ms Hallinan's former executive roles include General Manager, Wealth Strategy at St George Bank and General Manager, Investment Management and Life, at Zurich Australia, where she was also an executive of the holding company and a member of the Global Life Executive Committee. She is currently Chair of Gateway Bank Limited and a Non-Executive Director of St. Catherine's Aged Care Services, Lawcover Insurance Pty Limited and Lawcover Pty Limited.

Christopher E. Wright, Non-Executive Director
Mr Wright was elected to the Board of HCF and appointed to the Board of Manchester Unity in November 2012. He has been involved with the not-for-profit mutual financial services sector for over 40 years and has extensive experience in senior executive roles and as a company director. He was Chief Executive Officer and Managing Director of the Lifeplan Funds Management Group from 1992 to 2009.
Mr Wright has been a Director of the not-for-profit retail community pharmacy group, National Pharmacies, Director of Customer Owned Banking Association (previously Abacus-Australian Mutuals) and Chair of the Australian Friendly Societies Association. He was also Chair of the Australian Institute of Management (SA) and a Director of its national board. He is currently Chair of the St. Andrew's Hospital Foundation Inc. in South Australia.

Claire L. Jackson, Non-Executive Director
Professor Jackson was elected to the Board of HCF and appointed to the Board of Manchester Unity in November 2012. She was appointed as a Trustee of the HCF Research Foundation in 2013 and has been a Director of the Corporate Trustee since its registration in 2015. She has been active in general practice undergraduate and postgraduate education and research for many years, and has been extensively involved in health services research and reform since the early 1990s.
Professor Jackson is a Director of Centres for Primary Care Reform Research Excellence and Professor in Primary Care Research at the University of Queensland School of Medicine. She was previously a Director of the National Health Performance Authority and until August 2016 the national President of the Royal Australian College of General Practitioners. She was also Chair of the Brisbane North Primary Health Network from October 2013 until February 2017.
Professor Jackson previously served as a Member of the Federal Government's Primary Health Care Advisory Group in 2015 and the National Primary Care Strategy Expert Reference Group in 2008. She provided a commissioned paper for the National Health and Hospital Reform Commission on new models in primary care and is a national authority on the Health Care Home. In 2014, she conducted a Review of After Hours Services for Minister Dutton.

Stuart P. Coppock, Non-Executive Director
Mr Coppock was elected to the Board of HCF in November 2007 and appointed to the Board of Manchester Unity in December 2008. He is a lawyer specialising in taxation, commercial law and property trusts, and has worked in private, corporate and government practice. He has a strong background in community involvement and has been a member of the South Eastern Sydney Illawarra Area Medical Research Committee, is a local Government councillor on the Willoughby City Council and has twice been Deputy Mayor.
Mr Coppock is currently Chair of the Dougherty Apartments, Chatswood, a not-for-profit aged care and retirement facility, Chair of the Risk and Audit Committee of the Institute of Public Works Engineering Australasia (NSW Division) and is a Member of the Transport Heritage NSW's Independent Funding and Advisory Panel.

John M. Barrington, Non-Executive Director
Mr Barrington was elected to the Board of HCF and appointed to the Board of Manchester Unity in November 2014. He was Acting Managing Director of HCF between March and July 2017 and was appointed as a Director of the Corporate Trustee of the HCF Research Foundation in April 2017. He was also appointed to the Board of HCF Life in May 2017.
Mr Barrington is the Principal of Barrington Legal, a law firm located in Sydney, with more than 40 years in practice specialising in insurance law, superannuation, banking and finance. He was formerly General Counsel for the National Mutual Life Association, Chief Executive of CUNA Mutual Limited and Mutual Community Limited. Mr Barrington served as Chair of Intrinsic Value Investment Limited and Albert Court Aged Care Edgecliff. Until January 2017, he was Chair of Meridian Lawyers and a Director of Guild Group Holdings.
Mr Barrington has extensive experience (both strategically and operationally) in financial services and private health insurance, in particular relating to financial oversight, regulatory requirements, policy frameworks and governance. He has previously served as a Council Member of the Private Health Insurance Administration Council (PHIAC).
He brings a unique perspective given his background of advising clients, working in organisations subject to complex regulatory requirements and providing regulatory oversight in a senior governance role within a regulatory body.

Lisa M. McIntyre, Non-Executive Director
Ms McIntyre was elected to the Board of HCF and appointed to the Board of Manchester Unity in October 2011. Ms McIntyre was appointed as a Trustee of the HCF Research Foundation in 2013, she became Chair in March 2014 and has been a Director of the Corporate Trustee since its registration in 2015.
Since 2002 Ms McIntyre has held a number of directorships and is currently a Director of Insurance and Care NSW, Studiosity Pty Ltd (previously Tutoring Australia Pty Ltd), Chair of Silex Systems Limited and was previously a Director of Genesis Care Pty Ltd until December 2016 and Cover More Limited until April 2017.
Ms McIntyre was formerly a senior partner in global strategic firm L.E.K. Consulting for 20 years. She led L.E.K.'s Asia Pacific Healthcare practice in Sydney where she advised health care companies and organisations on strategy and performance and served on L.E.K.'s Asia Pacific Governance Committee. Prior to 2002 she led L.E.K.'s US Biotechnology practice in Boston with a particular focus on commercialising innovation in health care.

Mark G. Johnson, Non-Executive Director
Mr Johnson was elected to the Board of HCF and appointed to the Board of Manchester Unity in November 2013. He has previously served as CEO and Asian Deputy Chair for PwC from June 2008 until July 2012. Prior to becoming CEO, he held a number of leadership positions in PwC Australia including National Managing Partner - Businesses, Managing Partner of the Assurance line of service, Managing Partner Assurance and Business Advisory Services and leader Consumer and Industrial Products. In these roles he served on a number of global firm committees.
Mr Johnson is currently a Director of Westfield Corporation, The Smith Family, St Aloysius College Council Inc. (and its Foundation) and is Director and Chair of MH Premium Farms Holdings Limited. He is also a member of the Advisory Council to the UNSW Australia School of Business, Director and Chair of G8 Education Limited and a Director of Coca-Cola Amatil Limited. He was Chair of the Advisory Board to Willis Australasia until December 2016 and a Director of HSBC Bank Australia until April 2017.
Previously, Mr Johnson was a member of the Australian Auditing and Assurance Standards Board, the Business Council of Australia (and of its Healthy Australia Taskforce) and was Deputy Chair of the Finance and Reporting Committee of the Australian Institute of Company Directors.

Russell J. Schneider, Non-Executive Director
Mr Schneider was appointed to the Board of HCF in January 2006 and to the Board of Manchester Unity in December 2008. He was appointed as a Trustee of the HCF Research Foundation in 2006 and has been a Director of the Corporate Trustee since its registration in 2015.
Mr Schneider was formerly the Chief Executive Officer of the Australian Health Insurance Association (AHIA) for 22 years, concentrating on policy issues relating to health financing and delivery, including the private health insurance rebate, Medicare Levy Surcharge and Lifetime Health Cover. Prior to joining AHIA, he was a journalist and media administrator and has been published extensively including a commissioned research paper titled Making Medicare Better.
Mr Schneider was made a Member of the Order of Australia in 2008 for his contribution to the private health insurance industry and national health policy development and was made a Life Member of the International Federation of Health Plans in 2006 for services to the private health sector. For many years he was a member of various Government and industry bodies dealing with private health issues as well as the industry representative on the Private Health Insurance Administration Council and the Health Insurance Advisory Committee. In 2011 he was appointed to the Southern NSW District Health Board.

Nathan Francis, Company Secretary
Mr Francis joined HCF as Company Secretary in February 2019. He is a chartered accountant and chartered secretary with over 15 years' experience spanning health insurance, financial services and funds management.
Prior to joining HCF, Mr Francis held senior executive governance and finance roles with ANZ, rt Health Fund and Charter Hall Group, having commenced his career in assurance advisory roles at PwC.

PermID: 4296856369

Created by www.buysellsignals.com for News Bites Finance