All Finance articles – Page 358
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CommentSally Gainsbury: scary care cuts
I’ve had reason to delve around local government “savings” plans recently, and compared with QIPP they make for scary reading.
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NewsPlanned funding changes for training risk underskilled staff, warn SHAs
Giving part of the £5bn education budget directly to trusts could leave staff underskilled and create conflicts of interests, strategic health authorities have warned.
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CommentPerformance surplus hides the fact many trusts are facing critical finance problems
Trusts with serious financial problems are in danger of being overlooked as a surplus on “aggregate performance” comforts some in the NHS. Nick Bosanquet looks at five ways to avert the hidden crisis.
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NewsVariation in surgery rates hints at savings potential
There is a “persistent and widespread” variation in the proportion of NHS patients undergoing operations in different areas in England, a King’s Fund report has found.
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HSJ Local
Lancashire Care FT aims to make 5 per cent savings in 2011-12
FINANCE: The foundation will aim to make efficiency savings of 5 per cent of its income base in 2011-12, a document outlining its priorities for the year states.
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HSJ Local
NHS Bedfordshire asks for transformation cash to help with savings
FINANCE: NHS Bedfordshire’s savings targets are reliant on £3.65m of funds from the strategic health authority for investment in services.
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NewsUnused drugs 'cost NHS millions'
Millions of pounds of NHS money is wasted on unused medicines that are “stockpiled” in people’s homes, nurses have said.
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HSJ Local
Kent and Medway Partnership expects small deficit for 2010-11
FINANCE: Kent and Medway NHS and Social Care Partnership Trust predicted a small year-end deficit of £0.2m last month.
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NewsCapita to buy Tribal's health business
Tribal is to set to sell its health and government business to rivals Capita for £15.87m, it has been announced.
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HSJ Local
Southport and Ormskirk plans £8.6m savings for 2011-12
FINANCE: The trust aims to make efficiency savings of 5 per cent in 2011-12, or £8.6m, its draft budget for the year states.
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NewsExclusive: SHA troubleshooter now confirmed in turnaround role at England's biggest trust
As reported by HSJ earlier this week Mark Davies has now been confirmed as interim chief executive at Imperial College Healthcare Trust.
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HSJ Local
Alder Hey plans to cut pay bill by £4.7m this year
WORKFORCE: The foundation aims to reduce its spend on pay by £4.7m this year, £4.4m in 2012-13, and £3.8m in 2013-14, a February board report shows.
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NewsExclusive: Two more directors to leave Imperial following announcement of chief exec's departure
One of the largest NHS trusts in England has confirmed it is set to lose its chief financial officer and chief information officer, two days after HSJ revealed its chief executive is moving on.
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HSJ Local
West Herts expects £7.5m surplus
FINANCE: In the last month of the financial year West Hertfordshire Hospitals was expecting a £7.5m surplus for 2010-11.
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NewsEarl Howe orders break-up of North West's 'anti-competitive' four year contract
Health minister Earl Howe has told NHS North West to break up a four year “framework” deal between the region’s specialised commissioning group and mental health service providers.
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News
Consortia to handle PCTs' savings burden
Primary care trusts with some of the toughest financial challenges in England are handing responsibility for the huge savings they must make this year to pathfinder commissioning consortia.
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News
Monitor's intervention threshold lowered in new framework
Monitor is set to intervene in more foundation trusts that are in danger of breaching their authorisation.
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NewsPublic sector managers wary of increased strike threat
Most employers fear increasing levels of industrial action in the next year, especially as public spending cuts start to take effect, a new study reveals.
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HSJ KnowledgeRealising actual cost savings through organisational strategies
In the second of two articles on savings, Andy McKeon and Nigel Edwards look at powering organisational strategies to achieve real cost-savings and avoid disappointing results.
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HSJ Local
Over-performance pushes down South Staffs forecast to breakeven
FINANCE: The primary care trust reported a surplus of £46,000 at the end of February, with a forecast outturn of breakeven.