Botswana Medical Aid Society is a not- for-profit healthcare Fund registered in 1969 as a Society under the Laws of the Republic of Botswana. This makes it the oldest medical aid service provider in the country. With over 53 years of existence Bomaid is years ahead of its competitors in terms of both product offering and medical aid administration.
The Fund was established by a consortium of companies which initially drew its membership from audit firms, mining companies, parastatals, and banking organizations. It has for close to 54 years grown to be an integral part of the lives of many and has become the medical aid to be trusted, ensuring security and peace of mind for its members. Bomaid has over time experienced substantial membership and is currently the largest open medical aid scheme in Botswana commanding approximately 54% of the market share amongst the open medical aid schemes.
The main objective of the Fund is to pool resources from members and other revenue sources for the sole purpose of assuring members access to quality and affordable health cover as well as to grow reserves that are intended to protect the Fund from business risks inherent in the industry. Being a society, subscribing members own the fund and as such no distribution of profits is made to any shareholder. Any surpluses made are ploughed back into the fund to either strengthen the reserves of the fund or be paid back to members in the form of claims.
Vision, Mission, and Values
Vision:
Your companion in health and wellness
Mission:
To provide diverse and leading-edge healthcare solutions through innovation and excellence
Values
- Passion for wellness:
As the heart of our core philosophy, is that wellness is the route to health and happiness. Through care and empathy, we demonstrate, motivate for, and inspire the practice of healthy habits in order to attain better physical, mental and emotional health outcomes - Urgency
We foster an environment that challenges constraints and drives progress with agility, tenacity and a sense of urgency. We take action with promptness and speed - Consistency
We conduct ourselves professionally, delivering consistently according to set standards, expectations and moral principles. We are open, honest, ethical, and genuine; We are transparent and treat everyone with dignity and respect - Accountability
We foster an environment that challenges constraints and drives progress with agility, tenacity and a sense of urgency. - Team work
We create opportunities to collaborate, having a vested interest and actively supporting others to amplify our collective output, We keenly listen to all points of view, identifying basis for compromise and reach agreement, in order achieve of our shared objectives.
