| Health Insurance operatives have registered with Corporate Affairs Commission since 1986, under the name of Christus Specialists’ Hospital (Nig) Ltd, and commenced business from that time. The current name – PREMIER MEDICAID (NIG) LIMITED - was adopted in 2003 in order to focus on the business of Health Insurance alone, according to the directive of National Health Insurance Scheme (NHIS). Premier Medicaid is one of the first Eight HMO’s ever to be registered for Health Insurance in Nigeria by NHIS (HMO/Z/001).
At the inception, apart from being fully registered with Corporate Affairs Commission CAC, Premier Medicaid satisfied the conditions prescribed by NHIS i.e Share Capital of One Hundred Million at N1.00k per share, and with 50% (i.e N50m) in fixed deposit. The turn over as at today is well above N3.5 Billion with roughly N1.2 Billion in fixed deposit as stabilization fund. Premier Medicaid owns the current certificate of (1) Professional Indemnity Insurance with Industrial and General Insurance (IGI) (2) Corporate Affairs Commission (3) National Health Insurance Scheme (HMO/015).
While preparing for the launching of the Health Insurance Scheme in the formal sector, Premier Medicaid faced interview panels as prescribed by DUE process, in company of other HMO’s, in FIVE consecutive Federal Ministries, and Premier Medicaid came FIRST in all of them viz Agriculture, Finance, FCT, Aviation and Environment . Certificates of performance were issued.
Premier Medicaid has worked for Intercontinental Bank Plc,/Access Bank, Guaranty Trust Bank, Stanbic IBTC Bank, Unity Bank, Asset & Resource Management, Lekki Concession Company, Design Options and Federal Mortgage Bank Plc. and Cledop (Oil & Gas) Many of their staff have good testimonies of our performance.
During the role out of the Scheme to Federal Parastatals, Premier Medicaid has been allocated Eleven Federal University Teaching Hospitals, and Ten Federal Polytechnics /Institutions.
Premier Medicaid is in charge of Millennium Development Goals in Gombe State, and provides technical support for Ayedun Community Based Social Health Insurance Programme in Ekiti State.
Premier Medicaid was rated as The Best Managed Health Care Services Company of the Year 2009 By the West African Direct Marketing Awards of The Institute of Direct Marketing of Nigeria.
Premier Medicaid has received commendation Awards from Business Initiative Directions: Gold Category at the International World Commitment Convention “Palairs des Congress” Paris France (29 October 2012); Platinum Category at Century International Quality Era Convention, Geneva Switzerland (10 March 2013).
Watchword -
“While you mind your business,
We manage your health
the Health Insurance way!”
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