Self-pay soars to £1.1bn

By Robin Stride

Independent practitioners are being exhorted to seize new opportunities in 2020 as the market enters a new decade of price transparency and consumer choice. 

The advice comes as a new report reveals:

 One in four private patients now self-fund their treatment;

 Self-pay revenue grew an average of 7.4% a year in real terms between 2014 and 2018; 

 21% of independent acute medical hospital revenue in 2018 came from UK-based self-payers, equivalent to a market of £1,105m. 

LaingBuisson’s Private Healthcare Self-Pay UK Market Report, second edition, says growth is driven by NHS waiting lists, a more consumer-focused private healthcare sector and demand management by NHS clinical commissioning groups. 

It finds a ‘buoyant and growing market’ worth £1.1bn for independent hospitals and clinics in 2018 compared to £527m in 2013.

Liz Heath

According to report author and LaingBuisson consultant Liz Heath, there is now a greater need than ever for consultants to engage proactively with providers to design and deliver self-pay pathways.