Finance and efficiency – Page 98
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NewsMajor deal brings 'Amazon style' procurement to nearly 100 trusts
New procurement platform could be a major step towards creating a single procurement catalogue across the NHS Exclusive partnership deal struck between NHS Shared Business Services, which serves 87 NHS trusts, and retail technology firm Virtualstock System already implemented by Guy’s and St Thomas’ FT, which was highlighted in ...
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News
Exclusive: New capital funding regime for STPs
NHS England considers allowing local areas to keep cash from land sales National leaders examining how much investment STPs require Simon Stevens says some STPs are “directional rather than the final word” NHS organisations that sell surplus land may be able to retain the capital receipts generated to ...
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HSJ LocalNew plan for troubled trust assumes £37m financial improvement
Maidstone and Tunbridge Wells Trust plans to deliver £37m of financial improvements by March Most of the improvements to be delivered through additional revenue Regulators said trust’s pay bill growth was “excessive” An NHS trust in financial special measures is now planning to deliver £37m of financial improvements ...
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HSJ Local
Deficit forecast quadruples at financial special measures trust
A leading teaching hospital is forecasting a £60m deficit this financial year – nearly four times its control total.
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NewsPrivate providers get chance to bid for up to £15bn of NHS contracts
New EU rules means up to £15bn of specialised services contracts have been advertised for the first time Contracts will be awarded to incumbent providers unless expressions of interest are received Tight timetable and service groupings may work against private sector bidders Private providers have been given the ...
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Expert BriefingFollowing the Money: Hospital pass for Theresa May
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black
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NewsDrive to cut litigation costs may be extended 'throughout the NHS'
Health secretary says aim of maternity plans is to improve learning and reduce incidents of harm New “safe space” legislation to protect clinicians will not prevent families receiving information, says Jeremy Hunt Safe space will not stop action being taken against people where there are risks to patients or ...
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NewsReforms after Winterbourne View scandal hit by NHS funding inertia
The NHS’s failure to sufficiently fund the care costs of people with learning disabilities who are being transferred from long term health service placements has resulted in major overspends for many councils.
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Expert BriefingFollowing the Money: NHS England moves its tanks
HSJ’s weekly email briefing on NHS finances, savings and efforts to get the health service back in the black
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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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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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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 ...