Private Patients paying too much for Healthcare

Private Patients paying too much for Healthcare

An inquiry into private healthcare in the UK has found that most private patients are paying too much due to a lack of competition.

The Competition Commission (CC) states that the over 100 private hospitals in the UK are owned by three primary groups, BMASpire and HCA, and that they face little competition from other services.

It is estimated that approximately 80% of private patients fund their treatment through medical insurance, which is often paid for by their employers. Although prices charged by operators to insurers are set nationally, the commission said it believed that the lack of local choice pushed up premiums for all patients, because insurers had no option but to use the local hospital.

Roger Witcomb, Chairman of the CC said: "The lack of competition in the healthcare market at a local level means that most private patients are paying more than they should, either for private medical insurance or for self-funded treatment”.

“The lack of available and comparable information, often less than is available to NHS patients, also makes informed choices - which could help drive competition - for these patients difficult."

Original Source BBC News

About Pathway Software

Pathway Software (www.pathwaysoftware.com) specialises in the design and development of patient information systems for Allied Health professionals.

Its flagship product, Therapy Manager, is an Electronic Patient Record (EPR) system specifically designed for Therapy Services to provide decision makers with the ability to track and manage clinical activity and analyse cost of care by patient, episode or service. The system also demonstrably reduces administration time and the costs of managing Therapy Services.

We build beautifully simple cloud-based applications and mobile apps that help your clinicians work collaboratively, reduce paperwork and improve patient engagement