Can’t wait to see how the government try to condemn these consultants while doing the same thing.
Sounds like the only real solution is to employ more doctors so there’s less demand for the private clinics they’re shareholders of.
What a surprise yet more tax payers cash being siphoned off to the private healthcare services
> More than £1bn in revenue generated since 2015 from ‘often opaque’ arrangements.
> Hundreds of NHS consultants are shareholders in profit-making joint ventures with private healthcare firms, in arrangements that have generated more than £1bn in revenues since 2015, it has emerged.
> The Centre for Health and the Public Interest (CHPI), an independent thinktank, has identified 481 consultants in England with shares in 34 private ventures set up in partnership with providers ranging from the huge US healthcare firm HCA to Specsavers opticians. The vast majority of these consultants – 73% – are NHS doctors.
> Between 2015 and 2020, the last full year for which accounts are available, joint ventures with consultants generated nearly £260m in operating profits. While the majority of this cash went to the private firms, consultant shareholders extracted an estimated £31m in dividends, CHPI said.
> The average dividend was £11,600 a year, but the highest earning consultants were estimated to have received £172,000 a year. These dividends were paid on top of any fees for treating private patients and NHS salaries.
> The number of joint ventures is increasing, as more private healthcare companies enter the UK market. The fast-growing Australian firm GenesisCare, which specialises in cancer clinics, has set up three joint ventures with 41 consultants. Genesis is owned by investors including the **US private equity firm KKR** and the **Chinese state conglomerate China Resources.**
So selling the NHS to both the USA and fucking China
> The effect of joint ventures could be to pull consultants away from NHS work,” said Rowland. “There’s a finite pool of consultants to do all the hip operations, all the cancer care, there isn’t another pool out there that comes with the private sector.
> “By virtue of doing more private care at the expense of doing NHS care, you drive up waiting lists and the consequence is that you create more demand for private care. It’s a negative loop from the perspective of the patient and the NHS, it’s a profitable, positive loop from the perspective of the companies and the consultants.
> One of the private healthcare firms that has received NHS cash while running joint ventures with consultants is HCA, which is the largest private provider in the UK.
> NHS hospitals employ 342 consultants who are members of 15 separate joint ventures with HCA. Those ventures have paid out nearly £26m in dividends to doctors since 2015.
> After HCA, the group with the second-largest number of joint ventures is the US-owned Aspen Healthcare, which runs private hospitals across the UK. It has five joint ventures, with 51 consultants. Specsavers has established five joint venture arrangements with 18 NHS ophthalmologists through its subsidiary company Newmedica.
FFS…. is there much left of the NHS that the fucking Tories haven’t sold out to places like the USA and China
Sick to death of this fucking government
Uk doctors have had a 20% paycut in the last 12 years. So fucking what. I have shares in the company I work in.
This is getting a bit too much like people wanting to entirely ban any healthcare that isn’t NHS and that’s definitely not a good thing. You can absolutely condemn the amount of private contracts but you need to realise that the NHS cannot and will not be able to provided every type of healthcare service and procedure possible and that’s where many of the private clinics and services come in.
As the article says, more people end up being driven to private care because they just can’t rely on the NHS anymore, which in turn makes NHS care even worse. The healthcare in this country is mess, I don’t trust it in the slightest.
This is a racket. Most consultants do private work because they can charge what they like and not what the NHS can afford. A few people are willing to pay whatever they charge to avoid the NHS waiting list and get a nice room to themselves.
The more private work they do, the line NHS waiting lists are and the more people are prepared to pay the private fees.
The NHS builds facilities to host the number of consultants they have. Then the government notices the excessive waiting lists and needs a quick fix. The consultants say, “Well, you could build an extra 300 beds in your NHS hospital over there and we could start training more consultants. You’ll start to see results in about 9 years. Or I have some capacity in my private facility just over the road there. I’ll give you a 10% discount on my normal private rates… We might not be able to put flowers in the rooms each day.”
“Wealthy/middle class professionals have invested money in an industry they are familiar with”
[deleted]
Why wouldn’t they?
I wonder how many outraged by this don’t realise that every GP surgery providing NHS services is privately owned?
So what? Doctors are allowed to work in private healthcare if they choose too and have shares if there’s no conflict of interest
I’m a UK doctor, I think this is a clear conflict of interest and doctors shouldn’t be allowed to hold shares in clinics that compete with the NHS. It gives them a direct financial incentive to be less efficient when working in the public sector.
I would never even consider private work – the more I see, honestly the more I think the NHS with it’s principles of free healthcare as a human right is one of the precious few signs of civilization on this planet.
So…? There’s a very high chance that you will be treated by the same Consultant in the private clinic as you would going via NHS. The only difference is paying for the convenience.
I was asked to fill at a nhs questionnaire, last few questions we’re about family income, for all adults that live at my home, and if there was a mortgage or rented,
13 comments
Can’t wait to see how the government try to condemn these consultants while doing the same thing.
Sounds like the only real solution is to employ more doctors so there’s less demand for the private clinics they’re shareholders of.
What a surprise yet more tax payers cash being siphoned off to the private healthcare services
> More than £1bn in revenue generated since 2015 from ‘often opaque’ arrangements.
> Hundreds of NHS consultants are shareholders in profit-making joint ventures with private healthcare firms, in arrangements that have generated more than £1bn in revenues since 2015, it has emerged.
> The Centre for Health and the Public Interest (CHPI), an independent thinktank, has identified 481 consultants in England with shares in 34 private ventures set up in partnership with providers ranging from the huge US healthcare firm HCA to Specsavers opticians. The vast majority of these consultants – 73% – are NHS doctors.
> Between 2015 and 2020, the last full year for which accounts are available, joint ventures with consultants generated nearly £260m in operating profits. While the majority of this cash went to the private firms, consultant shareholders extracted an estimated £31m in dividends, CHPI said.
> The average dividend was £11,600 a year, but the highest earning consultants were estimated to have received £172,000 a year. These dividends were paid on top of any fees for treating private patients and NHS salaries.
> The number of joint ventures is increasing, as more private healthcare companies enter the UK market. The fast-growing Australian firm GenesisCare, which specialises in cancer clinics, has set up three joint ventures with 41 consultants. Genesis is owned by investors including the **US private equity firm KKR** and the **Chinese state conglomerate China Resources.**
So selling the NHS to both the USA and fucking China
> The effect of joint ventures could be to pull consultants away from NHS work,” said Rowland. “There’s a finite pool of consultants to do all the hip operations, all the cancer care, there isn’t another pool out there that comes with the private sector.
> “By virtue of doing more private care at the expense of doing NHS care, you drive up waiting lists and the consequence is that you create more demand for private care. It’s a negative loop from the perspective of the patient and the NHS, it’s a profitable, positive loop from the perspective of the companies and the consultants.
> One of the private healthcare firms that has received NHS cash while running joint ventures with consultants is HCA, which is the largest private provider in the UK.
> NHS hospitals employ 342 consultants who are members of 15 separate joint ventures with HCA. Those ventures have paid out nearly £26m in dividends to doctors since 2015.
> After HCA, the group with the second-largest number of joint ventures is the US-owned Aspen Healthcare, which runs private hospitals across the UK. It has five joint ventures, with 51 consultants. Specsavers has established five joint venture arrangements with 18 NHS ophthalmologists through its subsidiary company Newmedica.
FFS…. is there much left of the NHS that the fucking Tories haven’t sold out to places like the USA and China
Sick to death of this fucking government
Uk doctors have had a 20% paycut in the last 12 years. So fucking what. I have shares in the company I work in.
This is getting a bit too much like people wanting to entirely ban any healthcare that isn’t NHS and that’s definitely not a good thing. You can absolutely condemn the amount of private contracts but you need to realise that the NHS cannot and will not be able to provided every type of healthcare service and procedure possible and that’s where many of the private clinics and services come in.
As the article says, more people end up being driven to private care because they just can’t rely on the NHS anymore, which in turn makes NHS care even worse. The healthcare in this country is mess, I don’t trust it in the slightest.
This is a racket. Most consultants do private work because they can charge what they like and not what the NHS can afford. A few people are willing to pay whatever they charge to avoid the NHS waiting list and get a nice room to themselves.
The more private work they do, the line NHS waiting lists are and the more people are prepared to pay the private fees.
The NHS builds facilities to host the number of consultants they have. Then the government notices the excessive waiting lists and needs a quick fix. The consultants say, “Well, you could build an extra 300 beds in your NHS hospital over there and we could start training more consultants. You’ll start to see results in about 9 years. Or I have some capacity in my private facility just over the road there. I’ll give you a 10% discount on my normal private rates… We might not be able to put flowers in the rooms each day.”
“Wealthy/middle class professionals have invested money in an industry they are familiar with”
[deleted]
Why wouldn’t they?
I wonder how many outraged by this don’t realise that every GP surgery providing NHS services is privately owned?
So what? Doctors are allowed to work in private healthcare if they choose too and have shares if there’s no conflict of interest
I’m a UK doctor, I think this is a clear conflict of interest and doctors shouldn’t be allowed to hold shares in clinics that compete with the NHS. It gives them a direct financial incentive to be less efficient when working in the public sector.
I would never even consider private work – the more I see, honestly the more I think the NHS with it’s principles of free healthcare as a human right is one of the precious few signs of civilization on this planet.
So…? There’s a very high chance that you will be treated by the same Consultant in the private clinic as you would going via NHS. The only difference is paying for the convenience.
I was asked to fill at a nhs questionnaire, last few questions we’re about family income, for all adults that live at my home, and if there was a mortgage or rented,