All Finance and efficiency articles – Page 95
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Expert Briefing
The Commissioner: After the reset; and heads and beds
What NHS England isn’t telling you, and more indispensable weekly insight for commissioners, by Dave West
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News
NHS spending on consultancy down as CCG interim paybill rises
Overall spending on management consultants dropped to £432m in 2015-16, compared to £604m in 2014-15 Cap introduced last June means local organisations need to request approval for contracts worth more than £50,000 CCG spending on “contingency labour”, including interim directors and secondments, increased in cash terms to £170m ...
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News
NHS England forecasting first ever overspend
Overall commissioning budget forecast to be overspent for the first time There was a £599m underspend in 2015-16, which helped DH avoid a formal parliamentary process to ask for more money CCGs reported a combined £57m overspend for the first quarter of the financial year The overall NHS ...
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Expert Briefing
Following the Money: The unpalatable options for breaking even this year
HSJ’s weekly email briefing on NHS finances, savings, and efforts to get the health service back in the black
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Comment
Poor, ill and costing £33bn a year: we must mend this legacy
Structural changes in society with health as their focus would save many billions of pounds and be good for everyone - especially the most disadvantaged
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News
£400m of uncertainty in financial forecast as trusts reject control totals
Seventeen trusts that have not agreed control totals with NHS Improvement are predicting a combined deficit of more than £400m for 2016-17.
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News
Fourteen trusts and CCGs put in 'financial special measures'
Five trusts and nine CCGs in new “financial special measures” regime Trust regime could involve organisations losing control over spending decisions, leaders being removed and the DH exchanging “surplus assets for cash” CCGs could be disbanded, made to share a joint management team or turned into an accountable care ...
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News
Exclusive: DH avoids 'excess vote' on budget, but faces NAO concern
The Department of Health will not have to request extra cash from parliament to cover overspending in 2015-16, but is expected to face concerns over its annual accounts from the National Audit Office, HSJ understands.
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News
Exclusive: Trusts given eight days to declare 'unsustainable service' plans
Trust leaders given eight working days to submit plans for consolidating back-office, pathology and “unsustainable services” Bob Alexander letter says review of early STP submissions indicates areas can “go further” Provider source criticises letter because of “superficiality of what can be achieved” in time given Trusts and sustainability ...
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HSJ Knowledge
Turbulent times put squeeze on hard-pressed finance directors
A survey of finance directors reveals achieving sustainability, safety and financial balance as major challenges
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Comment
Develop finance directors as leaders
Challenging the long-held assumptions about the role of finance directors
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News
Stevens calls for new NHS 'investment fund'
Simon Stevens urges new government to take advantage of record low borrowing costs to set up NHS “investment fund” NHS England chief warns it is an “open question” whether current capital will be enough to cover basic maintenance Brexit campaign’s “£350m” bus “should be impounded as ‘exhibit A’”, he ...
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News
Transformation funds plugging hospital deficits, say MPs
There are “grave doubts” over attempts to integrate health and social care due to unprecedented financial pressures on the NHS, a group of MPs has concluded.
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News
DH signed off £3bn in working capital loans last year
Explore the trust by trust data The Department of Health paid £3.1bn in working capital loans to trusts in 2015-16, HSJ analysis of official data shows.
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News
Efficiency drive key to free at the point of use NHS, says DH official
Department of Health plans to roll out GS1 barcoding standards to 25 more trusts Business case being developed for funding to pay for implementation DH commercial director warns if NHS does not rise to efficiency challenge “we’re not going to have a free at the point of use health ...
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Comment
The collaboration challenge in NHS finance
If many finance directors believe in the rationale of STPs, why are they less confident about how they can be achieved?
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News
Regulator will 'match-make' trusts that fail to consolidate back-office
NHS Improvement will start to “match-make” trusts that fail to consolidate their back-office services, its chief executive has said.
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Comment
Breathlessness campaign could make all the difference in early treatment
The “Be Clear on Cancer” brand is being extended to raise awareness of other diseases
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News
Exclusive: Controversial ‘technical’ measures cut £900m from provider deficit
Accounting measures helped boost provider sector financial position by about £900m in 2015-16 “Technical adjustments” by trusts included revaluing property, extending the expected lifespan of some sites, and taking a more optimistic view of debt recovery Finance professionals say measures “push the boundaries” of acceptable public accounting but are ...
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News
Audit teams merge to form regional consortium
The merger of three NHS audit teams in the north east into a new specialist provider could become a model for other areas to follow, according to a trust finance director.