UK revenue rise for private provider after NHS tariff hike

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Ramsay Health Care’s UK revenue has increased 4.7 per cent year-on-year to £444m
Company runs 30 sites offering NHS-funded services

NHS referrals for a private hospital group have increased 7.4 per cent year-on-year, the provider has announced, also saying it has benefited from an increase in the service’s payment tariff.

In documents filed to the Australian stock exchange, Ramsay Health Care said its UK revenue had increased to £444m in the year to the end of June 2019, a 4.7 per cent rise on the previous year.

It said this was thanks to an increase in NHS tariff prices in April - which followed years of constraining - and an overall volume growth.

A previous trend of falling NHS referrals moved to growth in the year. It comes as the service struggles to prevent waiting lists from growing.

The company runs 30 sites providing NHS-funded services. These patients can be sent there by clinical commissioning groups, NHS trusts or directly from GPs using the electronic referral system. In June, these facilities provided 5,664 inpatient and 6,997 outpatient NHS-funded procedures.

Ramsay Health Care’s managing director Craig McNally said in the documents: “With the return to positive volume growth in the UK, we are now focused on recruitment and reducing our utilisation of agency staff. This, combined with increasing the complexity of our case mix, is a key focus for the UK business.”