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References

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Gerrit J. Van Zyl

Gerrit (Gerrie) J. Van Zyl is an award-winning technology entrepreneur and CEO of tradebridge, a company with offices in Atlanta, in the United States, and Johannesburg, South Africa. At the age of 15, Van Zyl wrote a software backup program for Sinclair Computers that was marketed in the United Kingdom. Van Zyl, who was born in South Africa, completed his post-grad studies at Massachusetts Institute of Technology after graduating cum laude from the University of Stellenbosch in South Africa with a BSc. Mechanical Engineering. He is the founder of information technology companies involved in health care management, credit and debit card swipe machines, the management of debt for corporations and financially stressed consumers, as well as high-level management consulting.

healthbridge

Van Zyl founded his first company, healthbridge in 1999 to create a clinical and financial switching platform in the South African healthcare industry. Van Zyl initiated a joint venture between medical insurance industry leaders Discovery Health and Medscheme and, information technology corporation, Dimension Data, that created the foundation for healthbridge. In 2004, he successfully brought a Competition Tribunal action against uncompetitive practices in the medical insurance industry. The motivating mission behind this company was “To transform economies and industries and enhance the lives of people by democratizing information. Particularly in the complicated and inefficient health care industry.” The first sentence of this mission would later become 
the guiding principle behind the founding of the umbrella company, tradebridge, founded in 2007.
 Within seven years healthbridge was an [ industry leader] employing more than 130 people and worth R120 million. 

In 2007, the healthbridge board approved a strategy that would expand the business outside of the traditional healthcare focus and so 
tradebridge was formed. Medical costs inflation had skyrocketed since the 1990s, Van Zyl told the National Healthcare Structure Symposium in Midrand . He said the two main drivers of medical costs were administration and clinical costs. Van Zyl claimed that electronic switches between medical providers helped cut costs by using real-time information to process claims, validate a member's benefits and submit electronic remittance advice. This was critical because in most organizations, health costs escalated from less than four percent of the payroll in 1985 to between 14 and 20 percent in 2001, according to Agatha Pretorius, the managing director of Occupational Care South Africa. Employers, healthcare funders and care providers would have to create a partnership of co-operative risk sharing to clamp down on escalating health costs and safeguard the general well being of employees. Van Zyl said the private healthcare sector was hurtling towards breaking point, where it would become impossible for the average family to afford medical cover. A three-person household taking home R10 000 after tax, at an average salary growth of nine percent, would have to spend all their earnings on contributions towards a medical insurance scheme by 2018, if the current pace of medical inflation (23 percent) continued, Van Zyl said.

tradebridge

tradebridge is a value-added financial switching platform operator. It is the umbrella company for healthbridge, SureSwipe (founded 2006, a credit card swipe machine distributor), Debt Control Management (Pty) Ltd. (acquired in 2008 that assists financially stressed consumers and corporations). tradebridge focusses on opportunities where there are complex transactions between buyers and sellers that require more than standard debit and credit payment instructions. tradebridge operates in:
 1) healthcare information switching (claims and clinical) 
2) debt control management 
3) retail POS and loyalty card switching
.

tradebridge revenues grew organically by CAGR 30% between 2008 and 2012 to R340m.

Professional experience

1994-1998: The Monitor Company, Cambridge, MA and Johannesburg, South Africa. As a member of the five-person Johannesburg Office leadership team, Van Zyl had significant responsibility for strategy and day-to-day management of the office as well as new business development. He was professional development advisor to nine consulting staff members and was a coach to consultants. He worked in a senior engagement manager role with responsibility for new client development, counsel to senior clients (typically CEOs of Johannesburg Securities Exchange Top 100 companies or companies of equivalent size), and managed overall project delivery. As an example, in 1996, he was one of four consultants selected to advise South Africa's Deputy President Thabo Mbeki - deputy to President Nelson Mandela - on issues relating to telecommunications liberalization.

1991-1992: Intelligent Automation Systems, Cambridge, Massachusetts. Van Zyl worked as a design engineer designing and supervising the construction of high-tech computer controlled automation equipment for the pharmaceutical and electronics fabrication industries.

1988-1989: Bureau for Mechanical Engineering, Stellenbosch, South Africa. Research Engineer, Mechanics Division, facilitating technology transfer between military research institutions and private organisations by assisting with the development of new technologies for civilian applications.

Education

'MIT SLOAN SCHOOL OF MANAGEMENT, Cambridge, Massachusetts Masters Degree in Management, June 1994 • Concentrations in Technology Management, Strategy and International Management. • Founder and Chairman of the Sloan Golf Club, Member of the MIT Entrepreneurship Club. MASSACHUSETTS INSTITUTE OF TECHNOLOGY, Cambridge, Massachusetts • Masters Degree in Mechanical Engineering - Emphasis in Systems Dynamics and Control. • Designed, built and programmed a robot that could juggle by learning from its successes and mistakes. (This project was a component of a large defense funded research program into artificial intelligence robotics.) • Led the Helicopter Controls Initiative in the MIT Artificial Intelligence Laboratory, a 12 person multi-disciplinary group of students and research staff that made significant advances in computer controlled helicopter flight. UNIVERSITY OF STELLENBOSCH, Stellenbosch, South Africa Bachelor of Science in Mechanical Engineering, Cum Laude, November 1988 • Elected to the university’s Council for Leadership Development, 1987-1988. • Elected Vice President of a student political organisation supporting a non-racial, democratic and free market political-economic solution for South Africa, 1986-1988. • Appointed Assistant Editor of The Bulletin campus newspaper, circulation 3,500, 1986-1987.

Awards and Nominations

• 2010: tradebridge was

 one of five finalists in the 2010 [TopCo African Access South African Entrepreneur of the Year Award].
• 2010: tradebridge and Van Zyl was one of three finalists in the Top Entrepreneur category at the South African National Business Awards.

2001:Most Promising Business-to-Business e-Commerce Company (healthbridge) in South Africa (South African e-Commerce Survey – Financial Mail and Bain & Co, 2001). 2001- 2003: The Switch Most highly rated by clients (TWIG Annual Healthcare Survey, 2001-2003). 2001: healthbridge won Best Below the Line Marketing Campaign in South Africa (Moerdyk Annual Marketing Awards, 2001). 2002 to 2003: healthbridge was voted Top Rated Healthcare Transaction Switch (The Independent Report). 2003 to 2005: healthbridge was voted one of the Top 40 ICT Companies in SA by leading financial editors (2003-2005). 2005, 2006 & 2007: healthbridge won South African Department of Trade and Industry (DTI) innovation awards for three consecutive years for its Hospital Authorization and Claims product and its mypractice practitioner portal.