All Finance and efficiency articles – Page 96
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News
Provider bailouts shake-up after 'nasty surprise' warnings
Experts have warned about the “different incentives” created by the £1.8bn bailout fund for NHS providers Many trusts have back-loaded their savings plans for 2016-17 From next year, bailout payments will be weighted towards latter months of the year Regulators are to introduce new measures aimed at removing ...
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NewsAll trusts given new targets to achieve provider sector surplus
Targets aim to bring provider sector into surplus next year Trusts in deficit have had their control totals ratcheted down, while surplus trusts must also improve their position. Extra funding focused on sustaining services rather than transformation or service enhancements See trusts’ indicative allocations from the STF Financial ...
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NewsDeep dive review launched as CCG finances worsen
CCGs have overspent planned budgets by £160m in the five months to September Seventy-seven were overspent against plan, compared to 45 at the end of July Deep dive review by NHS England will “test the robustness” of the overall forecast National leaders have launched a “deep dive” review ...
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NewsExclusive: Treasury could tighten grip on NHS capital spending
NHS trusts told to scale back capital spending plans Treasury could insist on signing off even small projects Difficulties with delivering transformation projects under discussion NHS trusts have been told to scale back their capital spending plans and warned that the Treasury could insist on signing off even ...
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NewsExclusive: NHS free to 'abandon payment by results'
NHS England and NHS Improvement “entirely open” to health economies dropping payment by results, says Simon Stevens Follows planning guidance proposals for whole system control totals NHS England chief executive says alternative proposals must “stack up in the round” The NHS England chief executive has said he and ...
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NewsFirst set of standardised products for NHS providers announced
NHS Improvement announces first tranche of standardised products to boost procurement volumes and cut prices Twelve products cover £100m of trust spending and could result in 25 per cent savings Regulator says it would prefer “coalition of the willing” to enforcing compliance through contracts Read the products list and ...
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Expert BriefingFollowing the Money: NHS finance Battleships
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black
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News'Block payment' plan for outpatients scaled back
Plans to reduce inappropriate outpatient follow-ups by introducing a block payment system from 2017-18 have been scaled back by NHS England.
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NewsPlanning guidance: 'System control totals' to be issued for STPs
All providers and clinical commissioning groups will be accountable for “overall system control total” Transformation funding and incentive payments will be tied to delivery of system financial target Targets aim to “reduce the incentives for individual organisations to optimise their own financial position at the expense of the wider ...
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News
Planning guidance: Funding to shore up NHS deficits will continue until 2019
A further £3.6bn of “sustainability funding” will be used to plug NHS provider deficits over the next two financial years, according to NHS planning guidance published today.
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HSJ LocalLarge teaching trust ended year with £118m deficit
FINANCE: King’s College Hospitals Foundation Trust ended the 2015-16 financial year with an underlying deficit of £118m.
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NewsNHS needs 3.5 per cent annual funding increase, economists predict
OBR projections suggest UK health services would require a greater proportion of GDP spent on public healthcare Projections assume policy remains unchanged but take account of rising costs and population changes Projection would require an additional £40bn by 2030 to be found through extra taxation or shifting spending from ...
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NewsSpending on general practice rose 5 per cent last year
Spending on general practice in England increased by 4.7 per cent in 2015-16, but its proportion of overall NHS spending grew by only a small amount, according to statistics released today.
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News
Exclusive: Vanguards scale back plans due to funding shortfall
Vanguards allocated just a third of the transformation funding they requested Sites will relax timescales for implementation or prioritise only “core” workstreams Vanguard sites have told HSJ they have had to scale back their work developing new care models after receiving less than a third of the transformation ...
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Expert BriefingFollowing the Money: Simon Stevens' summer offensive
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black
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News
Revealed: Trusts counting on back-loaded savings
NHS trusts will have to significantly improve “run-rates” to meet 2016-17 financial targets Plans assume significant efficiency savings can be delivered in the latter half of the year In many cases, those savings have not yet been identified, or there is a high level of risk that they will ...
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NewsTrust chiefs deny 'low-balling' bid before major contract collapse
UnitingCare providers deny making a knowingly unrealistic bid for £750m contract Trusts, NHS England and CCG accuse previous provider of not being transparent over the service costs Previous provider Cambridgeshire Community Services Trust robustly rejects charge NHS trusts involved in the UnitingCare debacle have denied making a deliberately ...
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NewsNew rules to follow £750m contract debacle and Brexit
There will be a new “checklist” for CCGs and assurance process for providers involved in big contracts Simon Stevens suggests Brexit could offer opportunity to change procurement rules Strategic Projects Team was disbanded because NHS England was “not satisfied with the quality of their work” System leaders are ...
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Expert BriefingFollowing the Money: Prolonging the recovery
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: Trust bailouts reach almost £2bn
Trust bailouts reach almost £2bn in 2015-16, up from £1.2bn the previous year Payments necessary to maintain the day to day running of hospitals and to pay staff or creditors London trust says there is “no realistic prospect” of repaying its loan without further support Explore the full data ...