Compensation Solutions (Pty) Ltd (“CompSol”) was founded in 1999 by Fritz Lüttich and Trevor Allnutt, after working in the healthcare industry as practice managers for the largest radiology practices, in South Africa, since 1988. CompSol’s primary business activity involves providing medical service providers, employees and employers with prompt processing and payment of their injury on duty (“IOD”) claims in South Africa.
Today, CompSol services over 1 300 medical service provider practices representing some 3 500 medical service providers, in all 9 provinces of South Africa. CompSol currently processes approximately 400 000 IOD claims service dates per annum, from its head office in Port Elizabeth.
CompSol employees have accumulated decades of combined Compensation Fund (“Compensation Fund”), medical service provider, employee and employer experience, dealing daily with all aspects of the social security process. The current client base of CompSol includes listed entities, national hospital groups, as well as individual private companies and medical service providers.
CompSol is currently the market leader within this segment of the economy with more than 45% of all medical aid IOD cases in South Africa being processed by CompSol. The size and diversity of the CompSol client base, coupled with the right experience, expertise and virtually zero-defect history with the Compensation Fund are testament to the product offering, business model and systems offered by CompSol.