ABSTRACT
This chapter provides an overview of how the market applies to healthcare in the United Kingdom (UK) at present. It provides an examination of how to structure a business case. The classic definition of a market is simple: ‘a place where goods or services or information may be exchanged’. Unlike Scotland, where there has been limited implementation of market reforms. Providers are those who deliver care either in acute or primary care settings. Purchasers and providers are not enough to create a market place unless there is a mechanism to enable funding to flow in the marketplace. The introduction of ‘Payment by Results’ (PBR) means that the cost of any procedure is based on the average cost of provision. Advocates of the market reform argue that recent relaxations of monopolistic powers have led to less inequality, and that competition has improved outcomes.
