All Finance articles – Page 370
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HSJ KnowledgeMaking changes to achieve savings - without disastrous consequences
In managing the NHS, we have choices. When we have a difficult problem do we think radical, fundamental, realistic, or painstaking? Jan Filochowski, chief executive of West Hertfordshire Hospitals Trust, says that when push comes to shove, it’s worth being an evolver more than a radical, and a realist more ...
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HSJ Local
Colchester FT underachieving on CQUINs
FINANCE: Underchievement on CQUIN goals by Colchester Hospital Foundation Trust has cost it nearly £0.5m so far this year.
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HSJ Local
NHS Lewisham predicting £8.8m overspend with principal providers by year-end
FINANCE: The south-east London primary care trust’s most recent finance papers showed it was £6.6m overspent by December with its three main acute providers, with another £2.2m “likely” by the end of the year.
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HSJ Local
NHS Richmond & Twickenham cluster predicting bigger overspend after pessimistic assessment of acute challenges
FINANCE: The south-west London primary care trust’s minutes record the five-PCT sector anticipating having to go into its reserve if the £4m in acute sector challenges saved only £2.7m.
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HSJ Local
NHS Bexley looks to save money on Commissioning Support for London contract
FINANCE: The south-east London primary care trust had, along with the rest of the capital’s PCTs, signed a three-year contract with CSL, the value of which it is now proposed to slash.
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News
Readmissions payment ban will cost hospitals £790m and create 'perverse incentives' - Confed
NHS hospitals stand to lose around £790m next year from the ban on payment for emergency readmissions, a study by the NHS Confederation has found.
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HSJ Local
Bradford FT reports 'very high' emergency demand impacting PCT
FINANCE: Bradford Teaching Hospitals Foundation Trust has reported that demand for emergency care is “very high”, putting pressure on commissioners’ budgets.
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NewsLansley U-turn on price competition
The government has performed a significant U-turn on allowing price competition between NHS trusts and independent providers.
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HSJ Local
Agency staff driving nursing cost overspend at Coventry and Warwickshire Partnership
WORKFORCE: Coventry and Warwickshire Partnership Trust is reporting an overspend on nursing staff due to agency staff costs.
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NewsPFI contracts to be squeezed by Treasury
The Treasury has launched a squeeze on contracts signed under the private finance initiative in the hope of finding savings worth millions of pounds.
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HSJ Local
North Lancs seeks to pass budget to three consortia
STRUCTURE: North Lancashire Teaching PCT is seeking to delegate its total funding allocation to three emerging commissioning consortia from April.
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HSJ Local
NHS Somerset overspends on bariatric services
FINANCE: A £432,000 overspend by NHS Somerset at Taunton and Somerset FT is mainly down to the provision of bariatric services.
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HSJ Local
Heatherwood and Wexham FT blames PCT for over activity
FINANCE: Heatherwood and Wexham Park Hospitals FT has attributed its over activity on Berkshire East PCT’s failure to manage demand and expressed concern at an “unacceptable” delay in payment.
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NewsJoint surgery redesign could save trusts £664m
NHS Trusts can save £664m from the total they spend on joint surgery over the next 10 years, according to an exclusive analysis made available on hsj.co.uk.
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CommentBill Moyes: the reform agenda presents a massive opportunity
The government’s reform agenda for the NHS isn’t the beginning of the end of a primarily tax funded healthcare system. The reforms are probably the best way to preserve that for another generation or more. So, instead of focusing on the risks, let’s give more attention to the opportunities.
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CommentMichael White: away from NHS reforms, healthcare problems - and solutions - still sound familiar
Let’s try even harder to cheer ourselves up this week by averting our gaze from NHS reforms and looking at a near neighbour with more pressing healthcare dilemmas. Not to mention deeper budget gloom. No prizes for guessing I was in Dublin recently.
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NewsDozens of hospitals at risk from PCT efficiencies
More than 50 trusts face being unable to cover the costs of entire inpatient departments, economic modelling by the Department of Health suggests.
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NewsYork PCT financial problems probed
A strategic health authority has launched an independent review into the finances of a cash-strapped primary care trust.
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NewsNHS boards to find £300m in savings
NHS boards in Scotland will have to find savings worth £300m to reinvest in frontline services, health secretary Nicola Sturgeon has said.
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NewsTrusts underestimating 'hidden' staff bank costs by 40 per cent
Trusts are underestimating the true costs of running in-house staffing banks by as much as 40 per cent, an NHS Professionals report has claimed.