All Finance and efficiency articles – Page 90
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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.
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NewsBailout delays force trusts to take out extra loans
Further uncertainty over the timing of payments from £1.8bn sustainability and transformation fund This could leave more hospitals struggling to pay suppliers and relying on interest bearing loans from the Department of Health Trusts complain of “unnecessary extra cost and administrative burden” Dozens of NHS trusts face having ...
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LeaderThe budget brings war and peace to the NHS
Philip Hammond’s first and last spring budget will spark a fierce struggle over how the extra social care funding due next financial year is spent, but it also appears to signal a truce between NHS England chief executive Simon Stevens and the government over NHS funding.
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NewsExclusive: Where mental health spending misses national target
Four sustainability and transformation plan regions have failed to raise mental health spending as mandated by national leaders, HSJ can reveal.
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NewsHospitals must be 'lippy' over use of increased social care funding
New social care funding must deliver benefits for the NHS delayed transfers No formal NHS influence over spending in 17/18 Government to publish green paper on future of social care NHS organisations should be vocal in demanding that the extra £1bn committed to social care next year is ...
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Spring Budget: What it means for STPs, social care, A&E and devolution
HSJ’s analysis of the budget and its impact on the NHS
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CommentAn evidence-based plan for palliative care can ease the NHS crisis
Investment in palliative care with its specialists and home support services could make a major difference to an overstretched NHS, say Irene J Higginson and colleagues
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Expert BriefingThe Commissioner: Next steps for STPs, part 1 – towards accountable care
What NHS England isn’t telling you, and more indispensable weekly insight for commissioners, by Dave West.
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CommentMind the growing gap between health and social care
It’s vital that in the forthcoming budget the government makes some bold political decisions that will set the course for putting care and support on a sustainable footing
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NewsBudget 2017: What to look out for in health and care
Chancellor Philip Hammond has warned there will be no “spending sprees” in Wednesday’s budget, but there are several areas in which the government may look to support the NHS