Finance and efficiency – Page 86
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HSJ LocalTrust seeks partner to fund major hospital shake-up
A struggling West Midlands trust intends to go out to procurement for a partner to help fund a major reconfiguration of its acute services.
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HSJ LocalSpecial measures trust rejects 14 per cent savings target
Isle of Wight Trust initially accepted a control total deficit of £0.4m, which required savings of 14 per cent But following further financial deterioration it now has an £18.8m deficit plan Trust was rated inadequate by the CQC earlier this year An NHS trust that is trying to ...
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CommentWhat would a new Conservative government mean for NHS buildings?
Robert Ede argues that an ambitious programme of capital investment in the manifesto must go hand in hand with new legislation.
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NewsRevealed: The provider sector deficit due to be hidden until after election
Regulators wanted to report year-end figures for NHS providers this month, but were forbidden to do so by the Department of Health HSJ research suggests the sector’s combined deficit will be £770m and around 100 providers ended the year in the red Performance will fall well short of targets ...
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NewsTheresa May backtracks on care funding policy
The prime minister has promised a future Conservative government would introduce a cap on care costs, following widespread criticism of her proposals for the funding of social care announced in last week’s Conservative manifesto.
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News'Amazon-style' procurement system may be brought forward
New online procurement platform to be rolled out across NHS providers by summer 2018 at the latest Pilot planned to start at trusts this autumn NHS Shared Business Services chief says “clear governance” is key to STPs achieving back-office savings Tas9@hAwt A new procurement platform which aims ...
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NewsNHS spending as proportion of GDP 'would fall under Tories and Labour'
The Conservatives’ manifesto suggests the NHS will receive some additional revenue funding in 2018-19, but that spending over the next five years would be broadly in line with previous commitments.
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HSJ Local
Trust outsources payroll services to neighbour after 'dissatisfaction' with national provider
Salisbury Foundation Trust new provider of payroll and pensions services for University Hospital Southampton Foundation Trust Service was carried out for 12 years by NHS Shared Business Services University Hospital Southampton FT in process of resolving “residual ongoing issues” with NHS Shared Business Services A major acute teaching ...
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Expert BriefingFollowing the Money: Avoiding private providers
HSJ’s email briefing on NHS finances, savings and efforts to get the health service back in the black.
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NewsExclusive: NICE to routinely review drugs' budget impact for NHS England
NICE asked by NHS England to analyse the “finance impact” of new potential treatments Second programme in which a NICE review of treatment costs could potentially impact access NICE will grade clinical evidence available for each treatment, which may impact rare disease medicines The National Institute for Health ...
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HSJ LocalMerger probe should consider wider financial context, trusts argue
CMA is examining the planned merger of Central Manchester University Hospital FT and University Hospital of South Manchester FT The trusts argue greater centralisation of control in the NHS has lessened the role of competition CMA blocked the merger of Royal Bournemouth and Christchurch Hospitals FT and Poole Hospital ...
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HSJ LocalHospital's charity could buy land for possible expansion
Board of newly merged trust agrees to buy land next to children’s hospital First major estate acquisition since Birmingham Women’s and Children’s FT shelved single site plans Charity could buy land on behalf of trust Birmingham Women’s and Children’s Foundation Trust has agreed to buy a property for ...
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CommentWhat finance leaders need to know about making STPs happen
CIPFA chief executive Rob Whiteman on the hurdles en route to achieving the bottom line
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HSJ LocalFormer trust chief parachuted in as improvement director at two trusts
Mark Hackett appointed as improvement director at Torbay and South Devon and East Kent FTs East Kent FT is in financial special measures Torbay and South Devon FT needs to make savings equal to 6 per cent of its income Former trust chief executive Mark Hackett has been ...
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HSJ LocalStruggling trust needs £200m to replace unfit estate
Trust submits a £200m estates plan to NHS Improvement to prop up crumbling 1970s estate Staff were left without IT facilities last summer after electrical switch malfunctioned Six buildings to be demolished because they are not fit for purpose A struggling teaching trust has submitted a £200m estates ...
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HSJ LocalLeading south coast trust misses finance target by £8m
Western Sussex Hospitals FT reports £8m deterioration in its finances Trust cites “four unresolved challenges” with CCG as part of the reason CCG launches review into activity coding “to ensure the CCG is appropriately charged for services” A trust which is rated outstanding and is in relative financial ...
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NewsRaids on capital budget to continue until 2020, DH confirms
Health minister confirms capital to revenue transfers will stop in 2019-20, with the size being reduced each year HSJ previously reported that £1bn would be transferred this year, followed by £500m in 2018-19 and £250m in 2019-20 NAO previously raised concerns about repeated raids on the capital budget ...
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Expert BriefingFollowing the Money: The first big move of 2017-18
HSJ’s email briefing on NHS finances, savings and efforts to get the health service back in the black.
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HSJ LocalNew merger trust sets out five year savings plan
New Essex mental health provider must deliver £43m of savings over next five years Essex Partnership University FT focusing on back office shake-up ahead of major service reconfiguration Trust has a £8.6m control total for 2017-18 Essex’s new mental health provider trust must deliver £43m of savings over ...
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HSJ LocalMajor trust sells £50m of land to charity arm
Royal Free Charity bought current operational site at Chase Farm Hospital for £50m This helped Royal Free London FT end 2016-17 with a £15m surplus, after it was previously forecasting a £39m deficit Charity intends to develop housing for key workers on the site Trust says the deal was ...