Healthcode dealt with 1m invoices in May
Healthcode processed over 1m invoices to insurers in a single month for the first time in May as a record number of patients received investigations and treatment.
Based on current trends, the UK’s online clearing service projects that providers will submit 11.5m invoices in 2024, compared with 10.2m in 2023.
Overall, invoice volumes were up by just under 15% compared with May 2023 with both hospital and non-hospital settings showing similar growth levels.
May is traditionally a busy month for the private healthcare sector, but 2024 saw a significant increase in insurer-funded activity with monthly volumes of more than 900,000 since the year began.
Healthcode says its invoice data is an important measure of market activity because private hospitals and more than 70% of practitioners, practices and clinics submit invoices to all the major insurers through its secure Clearing Service.
Automated validation ensures each invoice complies with the relevant insurer’s requirements optimising accuracy and efficiency for the businesses involved.
Healthcode managing director Peter Connor said: ‘The number of invoices is another measure of the strength of the private healthcare sector in 2024 with activity across all regions, settings and hospital specialties exceeding previous years.’