All Finance and efficiency articles – Page 88
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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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News
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 ...
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NewsExclusive: NHS England warned over delays to 'vital' funding
NHS England warned that GP practices are not receiving “essential” resilience funding National commissioner promised to give £16m to GP practices by March 2017 BMA says NHS England could be “underestimating” amount of money spent from £40m resilience fund Chaand Nagpaul warns national director over delays in local deployment ...
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HSJ Local
CCG with 'serious weaknesses' put under legal directions
A clinical commissioning group has been placed under legal directions by NHS England after reporting a £27m overspend.
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HSJ LocalOutstanding FT sets up subsidiary firm to save at least £3m
A mental health trust rated outstanding is setting up a subsidiary company that it hopes will make £3m of recurring back-office savings a year by 2018-19.
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News£2bn for social care to require hospital focus
Concerns raised over plans to limit spending flexibilities on £2bn
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NewsThree more trusts placed in special measures
Regulator to appoint improvement directors to St George’s, Northern Lincolnshire and Goole, and University Hospitals of North Midlands NHS Improvement says trusts will receive a package of support They can also expect tougher interest rates on the bailout loans from the Department of Health Three more trusts have ...
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CommentThe new financial year demonstrates just how tough things are going to get
Policy adviser Edward Cornick looks at the financial challenge for providers in 2017/18 following a survey of trust finance directors
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NewsExclusive: Trusts rejected 'irresponsible' savings targets of up to 10pc
Around 60 trusts have rejected their control totals Analysis suggests efficiency assumptions averaged 6.4 per cent Lord Carter and former Monitor CEO have previously said 2 per cent is an achievable efficiency target Trusts described their savings requirements as “impossible” and “undeliverable”, and said it would be “irresponsible” for ...
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NewsExclusive: Special measures trusts forced to pay higher interest on bailouts
Trusts in financial special measures are paying interest rates up to four times higher than some other providers Barts Health Trust faces annual interest charges of £6m Experts liken the higher rates to “kicking someone when they’re down” The DH says rates are designed to “reflect the additional risk ...
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HSJ LocalSTP could lead to joint trust leadership
North Cumbria University Hospitals Trust and Cumbria Partnership FT could set up a joint leadership team The move could form part of the region’s sustainability and transformation plan, which aims to bridge £163m funding gap by 2020 Cumbria CCG makes decision over success regime consultation reconfiguration, which forms part ...
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NewsTrusts spend £3.2bn a year on corporate services
NHS Improvement figures show trusts spend £3.2bn a year on corporate services Regulator estimates a possible £400m in savings and significant variation Thirteen trusts have corporate costs of more than 7 per cent of income NHS trusts spend £3.2bn a year on corporate services such as HR, finance, ...
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NewsExclusive: Full £800m NHS 'priorities' fund to offset trust deficits
Contingency fund held back from CCGs will be used to offset financial deficits among NHS trusts. Simon Stevens said the money would otherwise have been available for mental health, community and primary care services The fund was created after Department of Health breached spending limit in 2015-16 About ...
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Expert BriefingThe Commissioner: Next steps for STPs, part 2 – Greater Manchester and beyond
What NHS England isn’t telling you, and more indispensable weekly insight for commissioners, by Dave West.
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Expert BriefingFollowing the Money: Making the NHS's case to the Treasury
HSJ’s email briefing on NHS finances, savings and efforts to get the health service back in the black.