Corporate demand drives insured private health admissions

Self-pay admissions are plateauing

Jaskeet Briah
clock • 2 min read

Private healthcare admissions could exceed 900,000 a year by the end of 2024, according to an analysis of the Private Healthcare Information Network (PHIN) data by independent consultancy, Broadstone.

Analysis of the data found that insured admissions increased 11% to 458,000 through the first three quarters of 2023 from 412,000 recorded in 2022. Broadstone said this means insured admissions are likely to surpass 610,000 through financial year 2023, which is a record annual level. The growth has been driven by increasing corporate demand for private healthcare solutions from employers who "no longer trust the NHS" to secure the health of their employees, Broadstone said, with the UK's public healthcare crisis driving increased sickness absence, low productivity and economic inactivity...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

Bluecrest Wellness joins amii
PMI

Bluecrest Wellness joins amii

Corporate membership

Jaskeet Briah
clock 16 May 2024 • 1 min read
Cost of insured cancer claims surge 131%
PMI

Cost of insured cancer claims surge 131%

Growing corporate demand for private healthcare

Jaskeet Briah
clock 13 May 2024 • 2 min read
Three quarters of adults say private healthcare is unaffordable
PMI

Three quarters of adults say private healthcare is unaffordable

Benenden Health research shows

Jaskeet Briah
clock 26 March 2024 • 2 min read