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Iso Leso Optics Limited – Who are we?
We invite you to join Iso Leso Optics Limited, a dynamic
network of more that 900 Optometrists. Iso Leso’s seven years
of operations has found many solutions to the funding of
eyecare. It’s primary objective is to manage eyecare so that
medical scheme benefits are well designed and sufficient to
meet the clinical needs of the patient. During this period
Iso Leso has generated additional optical benefit payouts in
excess of R50 million per annum.
Iso Leso is owned by its members who are the shareholders of
the company. It has no controlling shareholder nor any third
party vested interests. The Board of Directors does not hold
any more shares than ordinary shareholders and they are
elected annually to manage the network. Membership of Iso
Leso comprises an initial share purchase of R1500.00 and a
monthly subscription of R285.00 including VAT.
The Network Administrator
Health Management & Network Services (Pty) Ltd, a company that
administers several other medical discipline networks, including
Ophthalmology, administers Iso Leso. Through HealthMan’s
experience, Iso Leso’s understanding of the healthcare industry
is enhanced and it has continuous access to a team of
professional and independent consultants.
Iso Leso’s Role
Iso Leso represents its members in advising medical schemes and
funders on optical benefits, administration issues and practice
profiling.
Whenever necessary, it also assists members with various
practice management issues including the recovery of outstanding
claims.
The organisation also advises schemes on future optical
benefits, clinical issues, trends and more particularly, works
for the benefit of the emerging market to ensure that functional
vision is achieved within the framework of the optical benefits
available to them.
Iso Leso also ensures that optometry is made more affordable for
medical scheme members while still maintaining it’s members’
practice profit levels. It also continually assesses increases
in the scope of Optometry.
The Iso Leso network currently accounts for approximately 75% of
the Optical spend in the medical scheme market and it covers
more than four million lives through it’s various initiatives
with medical schemes.
Tarriffs
Because of the restraints imposed by the Competition
Commission neither SAOA, nor Iso Leso may publish tariffs.
The independent consultants, such as HealthMan, may however
carry out the necessary reviews and make recommendations in
this regard.
Iso Leso’s Philosophy
Iso Leso believes that profits should be made in the
practices, and not by the organisation. It offers assistance
and advice on issues of practice management to it’s members
in order to ensure that their practices are sustainable and
that reasonable profits are made while still servicing
medical scheme members.
The organisation encourages its members to continually look
at the optical benefits available and the clinical needs of
their patients. To this effect, transparent and regular
communications with the organisation’s stakeholders is
essential. Several general meetings are called with the
shareholders throughout the year to ensure that Iso Leso
serves the needs of its members.
Member Benefits
Iso Leso members have access to several benefits by joining the
network. These include amongst other:
- Enhanced Optical benefits for the future;
- Direct payment of claims to practices;
- Access to electronic claim submissions (EDI) at extremely
competitive tariffs (0.3% negotiated by Iso Leso with DHS);
- Reduced rate on ABSA credit cards at 2.75%
- Claim submission via Healthbridge
- Exclusive access to the Iso Leso benefits manual distributed to
Iso Leso members only. It gives a comprehensive list of all
benefits for each individual scheme and is available on disc or
on the Iso Leso web site;
- Access to the Ernst & Young practice cost analysis. This
analysis allows members to assess profit margins in Optometry.
These include practice profit analyses;
- Access to Prosper Financial Services (Pty) Ltd for a full
range of financial services;
- Peace of mind that a team of negotiators will work for the
benefit of Optometry for the future;
- Optical Browser
- Virtual Practice Model
- Free SMS service on website
- On line access to deal with Practice queries
- Daily access to Health News on web site
- Soon to be launched personal web sites
- Soon to be launched electronic journal
Iso Leso Accreditation of Optometric Practices
Iso Leso is an accredited managed healthcare organisation in
terms of section 15 (B) (2) of the medical schemes act number
131 of 1998.
Membership of Iso Leso is open to all Optometrists registered
with the Health Professions Council of South Africa (HPCSA). Any
practice found guilty of misconduct or fraud is held accountable
and risks losing its membership of the network.
If you wish to join this dynamic network please contact the
Iso Leso Optics Limited office on 011 888 4681 should you
need further information or assistance regarding Iso Leso.
Kind regards
Zena Jacobson Olga Manitshana
Chairperson Marketing Director
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