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Overview
Medibank is Australiaβs largest private health insurance company, providing health cover to over 3.7 million members. It was established in 1976 by the Australian government as a non-profit entity, before being privatised in 2014. Medibankβs aim is to improve the health and wellbeing of its members by providing affordable and high-quality healthcare services. The company offers a range of health insurance products including hospital cover, extras cover, and travel insurance. They also provide telehealth services, health management programs, and access to a network of health providers. Medibank has a strong focus on corporate social responsibility and is committed to supporting community health initiatives and promoting social and environmental sustainability. They have partnerships with various organizations, including the Australian Red Cross and the Royal Flying Doctor Service. Medibankβs headquarters is located in Melbourne, Australia, but the company has a nationwide presence with offices in all major cities. They employ over 7,000 people and have a market share of around 26% in the private health insurance industry in Australia. In addition to health insurance, Medibank also offers other products and services, such as pet insurance, life insurance, and income protection insurance. They have diversified their business in recent years to include other healthcare-related services, such as home care and telehealth, to cater to the changing needs of their members. Overall, Medibank is a leading health insurance provider in Australia with a strong commitment to improving the health and wellbeing of its members and the wider community.
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