Private hospital profits boosted as NHS struggles
A Solihull reader draws attention to a major investigation by Pulse, the leading publication for GPs in the UK, which has revealed that private companies are boosting their profits by up to 100% as the health service struggles to cope.
An analysis of company reports and statements from all the major private hospital chains that make their figures available shows all have boosted their revenues this year. They say they are gaining from the plight of the NHS, with patients more likely to pay for their care to avoid lengthening NHS waiting lists, which have led to 3.7 million NHS patients wait for treatment – the most since December 2007.
Commissioners pay millions to private hospitals
The investigation – the most comprehensive since the introduction of the Health and Social Care in 2012 – also shows that local commissioners are paying hundreds of millions to private hospitals and that hospitals have also boosted their income from private work.
GP visit for £120 fee
It comes as Pulse yesterday reported that one private GP firm is expanding its service which promises to deliver a GP to patients’ doorsteps in 90 minutes for £120 – one of a number of companies taking advantage of long waiting times for GP appointments.
General Practitioners Committee (GPC) leaders say the Government is undermining the NHS in favour of the private sector through ‘scandalous’ underfunding, and ‘sleepwalking’ us towards a US-style health insurance system.
The Pulse investigation found that companies are looking to expand services to take advantage of waiting lists. News concerning the following providers may be read here:
- BMI Healthcare
- Nuffield Health
David Hare, chief executive of NHS Partners Network – which represents private health companies – said: ’Independent hospitals play a vital role in keeping NHS waiting times low during a time of huge service pressures. NHS patients are also increasingly choosing to be treated at private hospitals, paid for at NHS prices, to NHS standards and free at the point-of-use.’
But GPC chair Dr Chaand Nagpaul says the rise in private use ‘represents a clear diversion of funds out of the NHS and into the private sector’: “In many cases private providers will cherry-pick low-risk patients, adding further strain onto impoverished NHS hospitals caring for patients with greater morbidity. This is unfairly undermining the NHS in favour of the private sector”.
Posted on November 2, 2016, in Conflict of interest, Corporate political nexus, Finance, Health, NHS and tagged General Practitioners Committee, GPs, private hospital chains, private sector, Pulse. Bookmark the permalink. 3 Comments.