A timeline of healthcare innovation
From the beginning, Medibank has been an innovative leader in private health insurance and healthcare in Australia.
The Australian Government established Medibank Private as a not-for-profit private health insurer, as an operating division of a statutory authority (the Health Insurance Commission). Medibank Private proves a success, becoming the second largest fund in the country within the year.
Just three years after commencing operations, we link our entire retail centre network, creating – at the time – the world's largest online health insurance system. This benefitted our members, who could receive immediate payment of claims at any retail centre across Australia for the very first time.
Medibank becomes the largest private health insurer, a position we have retained ever since.
We merge with Health Australia, further expanding our customer base and geographic presence.
Medibank Private Limited is incorporated by the Commonwealth.
The Medibank Private health benefits fund is transferred from the Health Insurance Commission to Medibank Private Limited, which becomes the operating entity of Medibank Private, with the Commonwealth as its sole shareholder.
Medibank Travel Insurance goes on sale. Medibank Life Insurance launches the following year, with Pet Insurance not far behind. These expansions reflect our belief that good health is connected with happy, confident lives.
Medibank acquires ahm, a Wollongong-based private health insurance business.
Health Services Australia is transferred to Medibank from the Australian government.
Medibank Private converts to a for-profit entity.
Medibank acquires McKesson Australia Pacific, a provider of telephone and healthcare services in Australia and New Zealand, and Carepoint, a provider of occupational health, rehabilitation and travel health services in Western Australia.
We launch the Medibank Community Fund, to fund health and wellbeing projects that help people help themselves to better health and wellbeing.
Along with our Indigenous Reconciliation Action Plan, the Medibank Community Fund acknowledges and rewards grass-roots efforts to improve the health of communities throughout Australia.
Medibank Health Solutions is formed, incorporating the capabilities of McKesson and Health Services Australia.
Medibank Health Solutions becomes the sole provider of health services to the Australian Defence Force.
Medibank launches Generation Better, encouraging members and the community to take small steps towards better health to help achieve healthier, happier and better lives.
We re-launch ahm as a brand that aims to maximise value and reduce waste for customers. The new ahm immediately resonates with value-conscious Australians, signing on over 40,000 new members in the first six months.
In March, the Australian Government announce plans to privatise Medibank, subject to market conditions.
Medibank Health Solutions activities is more closely integrated into the health insurance business.
On 25 November, Medibank is listed on the Australian Securities Exchange (ASX).
We continue to provide healthcare in ways that meet the needs of a changing society, setting the pace for health innovation in Australia.