All Bailouts articles
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NewsNHSE ‘treads tightrope’ with new cash bailout for deficit ICSs
NHS England is set to give around £650m to some health systems to offset financial deficits and ease cash pressures, HSJ has learned.
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Trust pays overdue invoices after £25.5m loan
A hospital trust in financial special measures has improved its payment of suppliers after getting a £25.5m loan from the Department of Health and Social Care.
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NewsUpdated: Trust with worst financial performance aims for £156m deficit this year
The trust with the worst financial performance in the country is looking to end 2018-19 with a deficit of £156m, HSJ has learned.
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HSJ LocalTeaching trust's deficit to top £100m this year
A London teaching hospital trust will end the 2017-18 financial year with a deficit of around £120m, HSJ understands.
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HSJ LocalKing's needs £223m DHSC loan this year, board reveals
A London teaching hospital has predicted it will need to borrow nearly a quarter of a billion pounds from the Department of Health and Social Care this financial year, it emerged yesterday.
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NewsRevealed: Less than a third of trusts hitting revised A&E targets
Less than a third of providers have hit “reset” targets for A&E for July NHS Improvement chief executive Jim Mackey says primary care access and school holidays were factors Less than a third of trusts have achieved the new, lower accident and emergency targets for July, which they ...
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NewsFines for trust performance failures increase
Fines for the non-achievement of performance targets have effectively increased by 60 per cent under new rules announced on Thursday.
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News£400m of uncertainty in financial forecast as trusts reject control totals
Seventeen trusts that have not agreed control totals with NHS Improvement are predicting a combined deficit of more than £400m for 2016-17.
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NewsRevealed: Trusts borrow millions to pay for redundancies and beds
Papers released by the Department of Health show trusts have borrowed hundreds of millions of pounds to pay suppliers, make redundancies and increase bed capacity.
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NewsExclusive: Mackey abandons plan for NHS providers to balance this year
Mackey admits trust plans for 2016-17 will not bring the provider sector back into the black Warning comes despite national planning guidance saying sector would be required to break even this year Also warns that plans to balance NHS budget overall will be “tight” Admits that there are ...
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HSJ LocalHospital trust 'financially unsustainable'
FINANCE: Basildon and Thurrock University Hospitals Foundation Trust is not “financially sustainable”, Monitor has concluded.
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NHS England sets aside £1.8bn ‘sustainability and transformation fund’
£1.8bn of NHS England’s 2016-17 funding increase to go to “sustainability and transformation fund” Funding from the pot to be allocated to all “emergency care providers” to help trusts cut deficits Payment dependent on “non-negotiable conditions”, such as agreeing plans to cut deficits and maintaining core standards Fund comprises ...
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NewsDH paid out £1bn in loans and bailouts in six months
DH pays out more than £1bn in working capital loans in first two quarters of 2015-16 Former DH finance director says “very substantial majority” will be bailouts for struggling trusts Explore the data The Department of Health paid more than £1bn to NHS trusts in working capital loans ...
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NewsRevealed: 11 trusts whose DH bailouts were converted to loans
The Department of Health obliged some of the most seriously troubled hospitals in the NHS to receive their bailouts in the form of ‘loans’ last year, DH figures show.
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NewsExclusive: DH bailouts rocket to £1.2bn as hospital finances crash
The Department of Health paid out £1.2bn in bailouts in 2014-15, to help more than 50 troubled NHS providers pay wages and creditors, replace aging equipment and cut deficits, HSJ analysis has found.
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HSJ LocalLondon trust receives £8.5m bailout to cover unexpected deficit
FINANCE: Lewisham and Greenwich Trust received an £8.5m bailout of public dividend capital from the Department of Health to cover an unexpected deficit for the financial year 2014-15.
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NewsExclusive: DH agreed extra bailouts for trusts where performance was at risk
The Department of Health arranged at least £39m in extra ‘essential’ capital funding for foundation trusts where patient safety or ‘ongoing operations’ were at risk because of maintenance backlogs, HSJ can reveal.
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NewsExclusive: £188m of bailouts switched to loans in DH clampdown
A group of foundation trusts that received £188m in Department of Health bailouts this year has been told the funding will now be switched to loans, as part of a push for financially distressed organisations to ‘manage their finances better’, HSJ has learned.
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NewsFull scale of DH bailout of trusts revealed
One in four hospital trusts received bailout funding from the Department of Health last year, with several receiving financial aid worth more than 10 per cent of their turnover, HSJ analysis has found.