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The future of private practice

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To celebrate Independent Practitioner Today’s tenth anniversary, we have asked some of the most knowledgeable and influential people in private healthcare what they think the sector will look like in ten years’ time.

Ray Stanbridge newRay Stanbridge,

director, Stanbridge Associates, accountancy, finance and tax advisory medical specialists

Independent Practitioner Today has observed significant changes over the past ten years:

  • Ever-changing medical technology;
  • Pressure from insurers to reclaim fees from consultants;
  • New methods of healthcare delivery;
  • The impact of the Competition and Markets Authority (CMA) investigation report;
  • The increasing demand for data on quality and financial outcome

In ten years’ time, there will be fewer beds and overnight stays. All hospitals will be embracing day case treatment referrals.

Insurers will cease to register consultants as individuals and will deal with properly established and regulated groups.

Those who do not want to join with groups will work through locum agencies or become employed by hospitals.

Positive and consistent clinical outcomes will be reflected by additional pay.

Those who are not up to standard will have their fees further reduced.

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