All Finance and efficiency articles – Page 96
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News
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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News
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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News
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 ...
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HSJ LocalNew plan for troubled trust assumes £37m financial improvement
Maidstone and Tunbridge Wells Trust plans to deliver £37m of financial improvements by March Most of the improvements to be delivered through additional revenue Regulators said trust’s pay bill growth was “excessive” An NHS trust in financial special measures is now planning to deliver £37m of financial improvements ...
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HSJ Local
Deficit forecast quadruples at financial special measures trust
A leading teaching hospital is forecasting a £60m deficit this financial year – nearly four times its control total.
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NewsPrivate providers get chance to bid for up to £15bn of NHS contracts
New EU rules means up to £15bn of specialised services contracts have been advertised for the first time Contracts will be awarded to incumbent providers unless expressions of interest are received Tight timetable and service groupings may work against private sector bidders Private providers have been given the ...
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Expert BriefingFollowing the Money: Hospital pass for Theresa May
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black