All Finance and efficiency articles – Page 84
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NewsFlagship £690m cancer procurement abandoned over financial fears
Staffordshire CCGs unable to award £687m cancer prime provider contract Privately led consortium unable to convince CCGs the contract was financially viable Decision follows the collapse of the UnitingCare Partnership contract in 2015 A controversial tender for cancer services in Staffordshire worth £687m has been abandoned after a ...
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NewsNHS England warns CCGs against propping up trust bottom lines
NHS England has warned local commissioners that offer providers extra income to deliver their financial targets – and therefore trigger an incentive payment – could be “personally” scrutinized by national officials.
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NewsPrivate investors and councils key to capital investment, says Mackey
Limited access to capital funding means the NHS will need to design more funding schemes that are “off balance sheet”, potentially enabled by local authorities, Jim Mackey says.
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HSJ LocalInadequate CCG's deficit reaches £60m
NHS England has expressed “significant concerns” over the financial future of an inadequate clinical commissioning group, which is set to end 2016-17 with a deficit of over £60m.
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NewsExclusive: Mackey admits trust deficit cannot be cleared in 2017-18
NHS Improvement chief executive says provider sector will fail to break even in 2017-18 Sector could break even next financial year but factors are beyond trusts’ control, says Jim Mackey Discussions taking place about reporting on the joint financial performance of the NHS provider and commissioning sectors The ...
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NewsSTPs to be told how to make integrated care savings
Each STP to be sent a tailored report on improving integration between physical and mental health services The reports will also outline what savings can be made through closer integration NHS England commissioned the reports and data packs compiled by Midlands and Lancashire CSU All 44 sustainability and ...
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HSJ LocalStaffordshire still unsustainable after 'failed' Mid Staffs dissolution
Staffordshire CCGs receiving £15m a year additional support from NHS England University Hospitals of North Midlands is forecasting a deficit of £100m in 2017-18 Trust special administration process described as a “failed experiment” and “zombie policy” NHS organisations in Staffordshire are facing huge deficits after the Mid Staffordshire ...
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Conditions attached to £2bn social care cash revealed
Conditions attached to the additional £2bn for social care announced at the budget have been revealed.
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NewsNHS 'must become more commercial' to raise £6bn from land sales
Trusts could raise between £2.7bn and £5.7bn through land sales Hitting upper target requires NHS to take ‘far more commercial approach’ and gain new skills Sir Robert calls for more London trusts to follow Moorfields’ example Trusts could generate nearly £6bn from redeveloping and then selling land but ...
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NewsNaylor review: NHS needs £10bn increase in capital funding
Funding gap could be filled by land sales and private capital but extra Treasury cash also needed, review says Trusts should not get central capital funding unless they have credible plan and hit new benchmarks Review also calls for incentives including allowing STPs to retain sale receipts from locally ...
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NewsProvider deficit will be 'at least £500m' in 2017-18
Next financial year is supposed to be when the provider sector returned to financial balance Chris Hopson warns providers are heading for at least a £500m deficit in 2017-18 He says the financial “gap” across the NHS could be £1bn next year NHS trusts are heading for a ...
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NewsNHS England pledges to increase child mental health beds
NHS England will fund 150-180 new child and adolescent mental health inpatient beds by 2019 The announcement forms part of the forward view delivery plan published today The new beds will be used to reduce out of area placements for young people Global digital exemplars in mental health revealed ...
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NewsCCG deficit forecast sinks by £180m in two months
CCG sector’s forecast deficit is now £550m, worsening by nearly 50 per cent in two months £800m risk reserve may not be “adequate” to achieve financial balance with current trust deficit forecasts “tantalising close” to that figure Audit committee chair says “integrity and accuracy” of 2017-18 financial plans is ...
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NewsDozen trusts named for second consultants turnaround scheme
Regulators have named 12 more NHS trusts that will work with management consultants to improve their finances, as well as setting out a “fee structure” for paying the companies for the work.
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NewsExclusive: Next STF payments depend solely on financial performance
Regulators say that final allocations from the sustainability and transformation fund this year will be paid in full if headline financial targets are met Final quarter’s allocations could now total more than £800m Measure could incentivise trusts to pursue further technical accounting measures NHS trusts will not be ...
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Trusts urged to 'prove critics wrong' with deficit reduction
NHS Improvement says the aggregate forecast for the provider sector had improved at the end of February, compared to the outlook two months earlier “Material number” of land sales will help boost aggregate position, along with technical accounting measures Trusts urged to “be a bankable investment” by delivering their ...
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NewsCity investor bids to buy Circle in £74m deal
Investment firm offers to buy all Circle shares in deal the firm says values it at £74m Circle says new investor could provide capital investment it needs to “scale up” Circle posts accounts for 2016 that show business was loss making, but the loss had been reduced since 2015 ...
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Expert BriefingFollowing the Money: The drag beneath the surface
HSJ’s email briefing on NHS finances, savings and efforts to get the health service back in the black.
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NewsExclusive: Stevens backs major £400m medicines savings drive
NHS England backs plan to eliminate prescribing of “low priority” medicines worth up to £400m Commissioners to tackle spending on “low priority” medicines including gluten-free products and paracetamol that can be bought over the counter First phase of plan looks to eliminate £128m spending on 10 items Commissioning leader ...
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HSJ LocalTrust and CCGs locked in costly contract dispute
Mid Cheshire Foundation Trust and CCGs unable to resolve contract dispute All parties have had meetings with NHS England and NHS Improvement chief executives South Cheshire and Vale Royal CCGs has employed a well known QC to fight its case, which could cost trust £9m A foundation trust ...