In light of the changing nature of how private medical insurance companies operate, Garry Chapman discusses how the billing and collection process works and what you need to do to ensure healthy cash flow in future.
The percentage of the UK population with private medical insurance (PMI) policies has fallen from its peak in 2008 when over 12% of the population had a policy. It then fell sharply between 2008 and 2011 due to the recession that followed.
The market then stayed flat for a number of years before slowly recovering and it is now rising at the fastest rate since its peak.
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