The private medical care market in central London grew to an estimated value of £1.43 billion during 2015.
This is equivalent to around 35% of the national market for private patient revenues in independent hospitals and private patient units (PPUs) in the UK, according to the latest figures from LaingBuisson.
While this represents overall growth of more than 4% compared to 2014 and an improvement on the 2.6% growth seen in 2014, this is still down on the ten-year average growth of 7.8%. The impact of this has been greater on the independent sector than on NHS PPUs which saw growth of 8.2% during 2015.
Much of the overall growth in private hospitals during 2015 may be attributable to the increase in satellite and diagnostic facilities which have freed up hospital space. NHS PPUs are also starting to invest in these facilities.
The analysis of admissions data on a hospital-by-hospital basis when compared with facility revenue raises several interesting points.
Report author, Ted Townsend, said: “Some hospitals are achieving an average revenue per admission of over £16,000, while in other hospitals it is as low as £2,000. While there is clearly a different split in terms of in-patients and levels of acuity, the numbers highlight the results that different strategies can produce.”