Response to Competition & Markets Authority
Spire Healthcare
2 October 2014
Response to Competition & Markets Authority Final Orders for measures to increase competition in the private healthcare market
We note today's publication of the Final Orders from the Competition and Markets Authority (CMA) in its inquiry into the private healthcare market.
Spire Healthcare welcomes the recognition that there needs to be transparency of arrangements between hospitals and consultants, and supports the drive to establish an industry-wide Information Organisation to be the repository for quality indicators and measures. We're pleased to support initiatives that help patients and GPs feel confident when choosing their healthcare provider.
We believe our high quality clinical outcomes and high levels of patient satisfaction, as well as our strong CQC inspection results, which show compliance against essential standards of 99.5% compared with a national average of 85%, mean that Spire is well placed to support the development of the Information Organisation.
We are also pleased that NHS Private Patient Units have been included as providers of private healthcare.
We will work with the CMA to implement these Final Orders in the most appropriate manner, while ensuring that we continue to provide patients with high quality of care.
About Spire Healthcare
Spire Healthcare is one of the UK's largest private hospital providers with 39 hospitals, and 12 clinics nationwide. The company offers a full range of integrated surgical, medical and diagnostic services.
The company was formed from the sale of BUPA Hospitals to private equity company Cinven in 2007, followed by the purchase of Classic Hospitals and Thames Valley Hospital in 2008. Spire has since built Spire Shawfair Park Hospital (Edinburgh), the Montefiore Hospital in Brighton, and acquired Lifescan. In July 2014 Spire Healthcare floated on the London Stock Exchange.
Since Spire was formed, performance improvements have included:
· Multiple Independent Healthcare Awards: 'Excellence in Training' (2013) 'Medical Practice' (2012) 'Innovation' (2011), 'Risk Management' and 'Nursing Practice' (2010), 'Nursing Practice' (2009), and 'Healthcare Outcomes' (2008)
· Increase in percentage of patients rating Spire 'excellent' or 'very good' - from 88% in 2008 to 92% in 2013*
· Increase in percentage of consultant surgeons rating Spire 'excellent' or 'very good' - from 51% in 2008 to 78% in 2013*
· Increase in percentage of employees who think Spire is a 'great place to work' - from 62% in 2009 to 72% in 2013
For further information please visit: www.spirehealthcare.com.
* Rating options include 'excellent', 'very good', 'quite good', 'quite poor', 'very poor' and 'totally unacceptable'
For further information please contact:
Martin Barrow, Maitland 020 7395 0444/ 07843 068912
This information is provided by RNS
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