Finance and efficiency – Page 96
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NewsMore trusts put into financial special measures
Regulators have placed three more NHS trusts in financial special measures.
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NewsTrusts could be offered £300m 'incentive fund' to beat control totals
Nearly £300m of unallocated sustainability and transformation funding could be used to incentivise trusts to exceed their financial target for 2016-17 Proposal being prepared by NHS Improvement for the Treasury Experts warns policy could “exacerbate” problems for trusts in difficulty Trusts that miss out on sustainability and transformation ...
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NewsHuge spike in 'high risk' maintenance problems at trusts
NHS providers face costs of £775m to deal with high risk maintenance issues, compared to £458m in 2014-15 Providers’ investment in estates maintenance has reduced every year since 2013 as capital budgets have been increasingly squeezed Increasing backlog raises risk of fires and power outages The backlog of ...
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Expert BriefingFollowing the Money: Getting twitchy at Q2
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black
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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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NewsMore trusts considered for 'financial special measures'
Regulators have drawn up a list of more NHS providers to be considered for “financial special measures”.
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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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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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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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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 ...