Analysis of the latest quarterly Private Healthcare Information Network (PHIN) data by leading independent consultancy Broadstone, demonstrates the increasingly prominent role employers are playing in boosting growth in the private healthcare market and reducing pressure on the NHS’ stretched resources.
 
The research showed that treatments funded through Private Medical Insurance (PMI) registered a record first half of the year with a total of 333,000 admissions. This is up 8% from H1 2023 (309,000) and 15% compared to H1 2019 (290,000) with insured admissions currently at 111% of pre-pandemic levels.
 
In Q2 2024, PMI funded treatments equalled over seven in ten (71%) of all admissions with the gap in admissions between those paying with PMI and those using ‘self-pay’ increasing year on year, reaching 96,000 in Q2 2024 compared to 80,000 in Q2 2023.
 
Brett Hill, Head of Health & Protection at Broadstone, commented: “Corporate-funded medical insurance continues to be the key driver behind the private health sector’s remarkable growth in recent years.”