LaingBuisson welcomes the Office for National Statistics’ (ONS) publication of the Healthcare expenditure, UK Health Accounts: 2017.
Chosen provider of independent healthcare data to the ONS, LaingBuisson, contributed market data on homecare, care homes, private medical insurance, fertility treatment, cosmetic surgery, NHS private patient units and independent hospitals to the ONS’ annual report on expenditure in the UK healthcare market.
These statistics are also supplied to the Organisation for Economic Co-operation and Development (OECD), the World Health Organisation (WHO) and Eurostat and are used to benchmark the UK’s healthcare expenditure against the healthcare expenditure of other countries.
The data for 2017, the latest complete year available in the series, showed that total UK healthcare expenditure amounted to £197.3 billion, or £2,998 per person. This represented an increase of 1.1%, the lowest rate of growth since the start of the series in 2013. This was the result of the slowdown in growth in Government spending and in contrast, non-government spending grew by 4.3% in real terms.
Non-government expenditure represented 21% of UK healthcare expenditure in 2017 and comprises out-of-pocket expenditure, voluntary health insurance, non-profit institutions serving households and enterprise financing.
William Laing, Data Director and founder of LaingBuisson, said:
“We are proud of our association with the ONS and that they have sufficient confidence in LaingBuisson’s data to include it in this important publication. Not only does this publication and the data within it inform healthcare expenditure in the UK but it is also used by global organisations such as the OECD, WHO and Eurostat. Being the ONS’ chosen provider of data on the independent healthcare sector is a seal of the quality and integrity of what we do.”
LaingBuisson has been serving clients for over 30 years with market, policy and strategy insights, data and analysis across healthcare and social care. We are the chosen provider of independent sector healthcare market data to the UK Government’s Office for National Statistics and work globally with providers, commissioners, payors, manufacturers, investors, regulators and advisors. We help our clients to understand their markets, make informed decisions and deliver better outcomes through market intelligence, consulting and data solutions.
For more information, please visit our website at www.laingbuisson.com.
Original source PRFire.com