Business booms for London’s private doctors

Private doctors working in London are enjoying a business boom, according to a new report.

It shows continuing demand for private healthcare as the central London private acute market surges to over £2bn for the first time

Highlights from LaingBuisson’s Private Acute Healthcare Central London Market Report (10th edition) value the central London private acute healthcare market at £2.02bn – and as much as £2.41bn when taking all of Greater London into account.

Growth in central London independent hospitals has been driven by self-pay patients – with revenue reaching an estimated £1.5bn in 2022. This represents a 20% growth on 2021 revenues.

LaingBuisson’s director of research and content, Tim Read, said: ‘LaingBuisson’s new research confirms what we’ve been hearing from those on the ground working in private healthcare – that demand for private acute healthcare in London is booming. 

‘This is no longer about revenue growth driven by a post-pandemic rebound in people accessing services they weren’t able to during lockdown, or from private hospitals accessing NHS funding to provide additional capacity to the NHS.’ 

NHS funding has fallen away for the second successive year – a 36% year-on-year decline. 

But the research found total revenues from NHS funding in central London independent hospitals in 2022 (£75m) remain well above pre-pandemic levels (£32m).

NHS private patient unit (PPU) revenues reached £406m – a 25% increase on 2021. But the report says income remains below pre-pandemic income levels of £414m in 2019.