Primary care 'significant opportunity' for private sector, say analysts

GP commissioning and plans to move work out of hospitals have created 'significant opportunities' for more private provision of primary and secondary NHS services in a market worth a potential £20bn, corporate finance experts believe.

Analysts say private sector can make profits from NHS services
Analysts say private sector can make profits from NHS services

A report from financial analysts Catalyst says that contracts awarded to health firms such as Virgin Care, Circle and Serco shows ‘increasing recognition from the public sector that leveraging the private sector’s ability to invest capital and use more efficient delivery models is necessary’.

The report says that ‘significant barriers’ remain to increased private provision of GP services, highlighting the ‘domination’ of the market by small practices and ‘access to pension entitlements’.

But it says that ‘operators such as multi-practice groups like The Practice or Virgin Care are growing and private providers are estimated to be generating annual revenues of £185m’.

Removing practice boundaries and opening the door to the sale of goodwill on GP practices would help to further break down barriers to increased private provision of primary care services, the report says.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register

Already registered?

Sign in

Follow Us:

Just published

UK COVID-19 vaccination programme tracker

UK COVID-19 vaccination programme tracker

GPs across the UK are playing a leading role in the largest-ever NHS vaccination...

MPs demand overhaul of 'entire approach to pension tax relief' ahead of budget

MPs demand overhaul of 'entire approach to pension tax relief' ahead of budget

MPs have called on chancellor Rishi Sunak to 'urgently reform the entire approach...

Government must halt 'stealth privatisation' of dozens of GP practices, warns Labour

Government must halt 'stealth privatisation' of dozens of GP practices, warns Labour

Labour has urged the government to halt the 'stealth privatisation' of dozens of...

RCGP demands independent review to check for BAME bias in CQC ratings

RCGP demands independent review to check for BAME bias in CQC ratings

CQC inspections on all practices rated 'requires improvement' or 'inadequate' in...

COVID-19 funding for general practice cannot stop in March, GPs warn chancellor

COVID-19 funding for general practice cannot stop in March, GPs warn chancellor

COVID-19 support funding for general practice must be increased and extended beyond...

Plan to freeze pensions lifetime allowance risks 'catastrophic impact' on medical workforce

Plan to freeze pensions lifetime allowance risks 'catastrophic impact' on medical workforce

The BMA has demanded urgent meetings with the Treasury and DHSC amid fears chancellor...