All Finance and efficiency articles – Page 91
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NewsStatistics authority intervenes over government NHS spending claims
UK Statistics Authority will ask officials to “ensure clarity” when reporting on increases to NHS spending Complaints centred around the government’s claims that it is increasing spending by £10bn by 2021 Chancellor Philip Hammond defended use of the £10bn figure last week The UK Statistics Authority will ask ...
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HSJ LocalMajor acute trust admits 'insufficient' efforts to hit financial target
Nottingham University Hospitals Trust chief executive says trust is £18m adrift of 2016-17 plan The trust must find £43m of savings this financial year assuming it receives £24m of STF support Chief executive says the trust faces regulatory intervention if it fails to take action One of the ...
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NewsTrusts heading for £670m end of year deficit, says regulator
Official mid-year performance figures suggest the NHS provider sector is forecast to end the year with a combined deficit of £669m, which would be £89m worse than planned.
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NewsPublic sector prevention fund 'could be used across England'
Public Health England chief executive Duncan Selbie says North East dedicated prevention pot could be introduced elsewhere Proposal includes pooling preventative spending and ringfencing savings for further investment Says work still underway on how to ensure business rate retention for local authorities does not exacerbate inequality A move ...
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Exclusive: Tighter bailout controls to deal with NHS 'cashflow crisis' revealed
Requests for short-term revenue support will be subject to “increased challenge and scrutiny” Trusts’ reliance on bailout support has grown in recent years as expenditure has increased faster than income Providers seeking support will need to detail if “suppliers are threatening to put trust’s account on stop” NHS ...
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NewsRegulator looking at buyouts of 'ridiculous' PFI schemes
Jim Mackey says borrowing levels and profit margins within some PFI schemes are “absolutely ridiculous” Where buyouts are not possible, trusts are urged to manage their contracts more “robustly” Treasury unlikely to support a “blanket buyout” NHS regulators have established a working group that is looking at the ...
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NewsExclusive: New NHS 'bond' could unlock capital funds, says Jim Mackey
NHS Improvement in early discussions about creating an “NHSI bond” to help accelerate capital investment Department of Health’s capital budget has been frozen in cash terms over the course of this parliament, which equates to a real terms cut Jim Mackey says some of the NHS estate is in ...
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NewsMPs: Services 'likely to suffer' after UnitingCare contract collapse
Services “likely to suffer” in wake of £750m contract breakdown, say MPs “Incompetent, grossly irresponsible” NHS bodies showed business acumen which would “embarrass a child in a sweet shop” NHS England told to address commercial skills gap in NHS after “catalogue of failures” Cambridgeshire and Peterborough Clinical Commissioning ...
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NewsChancellor defends government's £10bn NHS spending claim
Health committee chair called on ministers to stop using “incorrect” £10bn figure to describe additional NHS spending Chancellor says the claim always referred “specifically” to the NHS, rather than the DH Department of Health budget is increasing by £4.5bn in real terms over five years The chancellor has ...
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NewsExclusive: Trust deficit reduction plan on track, says Mackey
Official financial data for NHS trusts will suggest the sector is broadly on track with its deficit plan midway through 2016-17, Jim Mackey has told HSJ.
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CCGs warned over withholding payments from mental health providers
New guidance published to help mental health sector move away from block contracts Contracts should be either a capitated or episodic and have a proportion of payment linked to outcomes and targets Warning that CCGs withholding outcome based payments from struggling organisations risk creating an “adversarial relationship” Local ...
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NewsPrivate equity firm allowed to buy mental health hospitals
Market regulators have given the go ahead for 22 private mental health facilities to be sold to an international private equity firm.
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CommentAnalysis: The NHS's financial plan is dead in the water
HSJ’s latest analysis of trusts’ financial performance shows any chance of hitting the target agreed with the Treasury is disappearing quickly, writes Lawrence Dunhill
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NewsExclusive: Trusts' deficit forecast more than £250m worse than feared
Trust forecast figures suggest a deficit of £850m, compared to the planned £580m Mid-year trust forecasts are seen by NHS leaders as a key indicator of whether financial recovery plans have been successful Experts warn that performance could deteriorate further in second half of the year The NHS ...
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NewsMinister: Capita 'inadequately' prepared for primary care contract
Minister claims Capita were “inadequately” prepared to take over primary care support services NHS England admits poor performance has impacted on patients Nicola Blackwood argues previous PCS service needed to change Capita promise to employ 500 extra full time equivalent staff at own expense A health minister has ...
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Expert BriefingFollowing the Money: Big reveals and a welcome warning
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black
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NewsExclusive: STP told its capital demand 'highly unlikely' to be met
STP members told capital funds to transform services unlikely to be granted NHS England NHS Improvement regional directors tell leaders in Hampshire to be “significantly more conservative” The leaders of one sustainability and transformation plan have been told by NHS England and NHS Improvement it is “highly unlikely” ...
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NewsSTP needs £755m of capital funding to succeed, says leaked document
HSJ has obtained a version of Cheshire and Mersey STP submission to NHS England The document highlights strategic risks involved in the plans around a lack of contingency funding and management capacity £755m of capital funding required to deliver the plans More than £750m of capital funding is ...
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NewsMajor deal brings 'Amazon style' procurement to nearly 100 trusts
New procurement platform could be a major step towards creating a single procurement catalogue across the NHS Exclusive partnership deal struck between NHS Shared Business Services, which serves 87 NHS trusts, and retail technology firm Virtualstock System already implemented by Guy’s and St Thomas’ FT, which was highlighted in ...
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Exclusive: New capital funding regime for STPs
NHS England considers allowing local areas to keep cash from land sales National leaders examining how much investment STPs require Simon Stevens says some STPs are “directional rather than the final word” NHS organisations that sell surplus land may be able to retain the capital receipts generated to ...