A unique medical centre said to “represent everything positive about privatisation” has been making £1m donations to the NHS annually for the last 12 years.
Neurology and Neurosurgery specialists Queen Square Private Healthcare is owned by the charitable arm of the University College London Hospitals (UCLH) trust.
It is the only business of its type in the UK that operates on a not-for-profit model, with all surplus income going back into the UCLH charity through Gift Aid donations.
Located on the site of the National Hospital for Neurology and Neurosurgery (NHNN), off Great Ormond Street, Queen Square Enterprises (QSE) has now donated in excess of £25m to the trust since its establishment in 1985.
“There’s a huge demand for private medical intervention … to aid treatment for potentially life-threatening conditions. QSE has set up a system whereby we can reduce the demands placed on the NHS, while at the same time providing income back to the NHS through Gift Aid donations,” said QSE Chairman of the Board Graham Faulkner.
Most of the money donated to UCLH by QSE goes straight to capital projects. Their grants directly led to the opening of the Neuromuscular Complex Care Centre, located at the NHNN, in 2014.
Jodee Cooper, CEO of QSE, believes their business model is a shining example of a private-public partnership.
“We’re able to plough our profits straight back into the UCLH Charity. The charity then uses that for the direct benefit of NHS patients. Our Gift Aid dividend has not only upgraded operating theatres, we’ve paid for wards to be created, and we’ve introduced new services to the NHNN,” she said.