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­­Healix revenue up 140pc since 2020 as employers expand benefits

by Muna Abdi
August 9, 2024
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Healix’s revenue has increased by over 140 per cent since 2020, with a 67 per cent simultaneous increase in the amount of people supported via workplace schemes.

According to the provider, demand for private healthcare services has increased over the last five years, driven by both businesses wanting to provide healthcare to their employees and a rising number of members using these services. Meanwhile, the Association of British Insurers revealed that a record 4.4 million employees currently had workplace health insurance.

In response, Healix has expanded its capabilities, including additional diagnostic pathways for breast, skin, and prostate cancer screenings and a digital dermatological service for speedy access to skin cancer treatment.

Furthermore, there has been a notable increase in demand for non-standard healthcare benefits. Companies offering reproductive benefits surged by 86 per cent between 2020 and 2023, while those delivering neurodevelopmental benefits jumped by 500 per cent since 2022, and gender dysphoria benefits increased by 500 per cent since 2021. 

Healix Health CEO Ian Talbot says: “Despite data showing that private medical insurance costs are rising, we are seeing no signs of employers offering cover to their employees slowing down. 

“Employers have an important role to play in supporting people as access to the national health service is becoming increasingly challenging. Providing support for employees to access individualised, bespoke healthcare is in turn becoming an increasingly important recruitment and retention tactic.”

 

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