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Thrive Plan Management (supplied)

How Thrive Bounced Back From a Crisis

Yesterday abilityNEWS carried a link to a newspaper report suggesting NDIS Plan Manager Thrive was floundering as it dealt with clients. This may have once been the case but the business now says it’s rebuilt and is more than meeting targets.

It began with phone calls that went unanswered. Payments that didn’t arrive. Participants who’d once trusted their plan manager found themselves explaining — again — why invoices still hadn’t been paid. For some, the frustration tipped into desperation.

This was the moment when NIB’s ambitious push into the NDIS market almost came unstuck. After acquiring four plan managers in just eight months, the health insurer’s new arm — Thrive — had grown faster than its systems could handle.

By December, the NDIS Quality and Safeguards Commission was issuing a compliance notice warning the company it was at risk of breaching the NDIS Act.

Now, NIB insists that crisis is over.

Specialised teams were thrown at the backlog, the compliance notice was lifted in April, and Thrive says it’s once again meeting growth targets.

None of this should be read to suggest the original story in the newspaper was incorrect - simply that the company says its actions have now addressed the issue.

It should also be noted that Thrive did lose some 3000 clients during this period, although NIB insists it has stemmed the departures and its business is growing again.

Explosive growth nearly pushed it over the edge. Today, Thrive says it’s fixed its Plan Management issues. The question is, will future acquisitions keep pace with its ambitions?

Author’s Note

Today’s Wrap carries a report that the Productivity Commission has been examining the operation of the NDIS and is recommending significant changes, including integration with aged care.

When even the Daily Telegraph is proposing ways to reform the scheme, it makes sense to realise change is almost certainly on its way.

Nic Stuart, [email protected]

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