By Gabriel Olawale
In line with the Federal Government’s universal healthcare coverage, RedCare Health Maintenance Organisation, HMO, is set to grow its market share in Nigeria’s health insurance through product development targeted at the formal and informal sectors including individual enrollees.

This is coming on the heels of Federal government decision to achieve at least a 22 percent health care coverage for the nation by 2015.

Making this disclosure during the HMO’s 5th year anniversary recently in Lagos, Managing Director/Chief Executive Officer, Redcare HMO, Dr. Babatunde Salako said the philosophy of the company was to develop customised healthcare packages that would address the needs of a targeted segment of the society.

Salako who noted that Redcare was committed to partner with local and international bodies including the National Health Insurance Scheme, NHIS, for the provision of universal health coverage for all under the government agenda for healthcare in the country, said Redcare with share capital of over N400 million and operating in the six geopolitical zones is focused on ensuring Nigerians have access to healthcare services.

“We are continuously reviewing our products and plans to maintain our competitive advantage and leveraging our services on the reputation of Reddington Hospital, a flagship hospital in Nigeria.”
“To further our service, we have strategically position our operation in all six geopolitical zones with head office in Lagos. In terms of market share, we are in support of universal healthcare coverage, and making strides to cover both the informal and formal sectors, in line with NHIS guidelines and goals and objectives.”

“As a limited liability company, our health insurance cover for corporate organizations is growing as well as new enrollees from companies such as Access bank, Etisalat etc.

Speaking,Chairman, National Sickle Cell Foundation, Professor Olu Akinyanju, noted that RedCare HMO is committed to pursuing excellence in healthcare service delivery. This was made possible through it’s health insurance products to different groups.