The coming year promises to be a tough one for the private healthcare sector, according to a new report from analyst Laing and Buisson.
It faces stagnant funding and the likely referral of its market to the Competition Commission following a review by the Office of Fair Trading (OFT). The analyst also claimed the market now holds an excess capacity and competition from NHS private patient units. Laing and Buisson's Healthcare Market Review revealed revenues for private hospitals generated in 2010 were static at £3.84bn. However, spending by private medical insurance (PMI) providers continued to fall and accounted for only 59% of the total (£2.3bn), compared to 65% in 2005. This was highlighted by Bupa's recent d...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
