Members of the independent healthcare sector, including mobility firms and care homes are increasingly key partners in delivering health and social care from both government funded services and non-government sources such as insurance and self-pay.
That’s in spite of healthcare spending continuing to be dominated by government expenditure at 80% of all healthcare spend, higher than any other OECD, EU or G7 nation.
According to new figures from healthcare market intelligence provider, LaingBuisson, the healthcare market it continuing to see growing spend offset by growing demand pressures driven by demographics, expectations and technology.
Direct government spending continues to dominate the source of funding – 56% of care home residents are reliant either partially or fully on the state for payment of their fees and over 90% of acute hospital spend is state funded.
The latest research presents figures showing that while there are persistent calls for efficiencies in health expenditure from both national and local government leading to more cost-efficient delivery of services with better outcomes, there is a need to balance the politically unpalatable perception of “privatisation” with the increasing need to deliver more for less and use the best provider and solution to achieve that.
As a result, there is an inevitable need to partner more publicly funded services with the independent sector in UK health and social care, and there are increasing examples of this across the broader market in care homes, adult specialist care, mental health hospitals and increasingly acute hospitals, where there is greater use of the independent sector for NHS elective surgery under the ‘choose and book’ system.