The Group comprises five operating Divisions: HCF Health Insurance; Life Insurance and Financial Services; Health Care; Retirement and Aged Care Services and Corporate Services.

The report for The Hospitals Contribution Fund of Australia Limited (HCF) presents the Group’s results for the financial year to 30 June 2011. More than just a financial statement, the following details set out our commitment to sustainable and responsible operations and to the core principle of providing highest standard health care and other services while returning more to our members.

HCF was established in 1932 to provide the community with the means of insuring against the cost of hospital care. Since then, it has grown to become one of the country’s largest combined private health insurance and life insurance organisations.

In December 2008, the Group was further expanded through a merger with Manchester Unity Australia Limited. The Group is financially secure, has no borrowings and is one of the few major health funds to allow contributors to vote Directors to the Board. HCF is a public company limited by guarantee. It operates on a not-for-profit basis and is registered under the Private Health Insurance Act 2007.

To service our growing national membership we maintain a network of branch offices in New South Wales, the Australian Capital Territory, Queensland, Victoria and South Australia, with national coverage provided by our call centres and a full sales and service virtual branch at www.hcf.com.au.

View the online version of the 2011 HCF Annual Report

Download the pdf version of the 2011 HCF Annual Report