All Finance articles – Page 513
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Comment: Why a US management guru has vital questions for the NHS
'Michael Porter's book has caught the imagination of many of the most influential voices in NHS reform and has been occupying minds at the highest level throughout this year.'
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Audit Commission says PCTs should fine acutes for errors
The job of clinical coding should be given a higher priority within NHS trusts in order to make payment by results work, according to the Audit Commission.
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Comment
Bed day costs
The Department of Health productivity indicators (click herefor story) detail how much each trust can save by reducing bed stay.
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News
Independent centre deals abandoned
The Department of Health is set to abandon a large swathe of its independent treatment centre programme more than a year after it invited providers to bid for the lucrative deals, HSJhas learned.
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Hewitt: the buck stops with me on financial balance
The health secretary will take personal responsibility for ensuring that the NHS is in financial balance by the end of March next year, she told the Commons health select committee last week.
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Efficiency, not cost, could be future of PbR
Payment by results tariffs could be altered to reflect the most efficient ways of working, rather than the average cost of a particular treatment, under changes being discussed by the NHS Institute for Innovation and Improvement and the Department of Health.
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Dossier reveals true extent of management consultant spend
The imposition of turnaround teams on cash-strapped trusts has cost the NHS more than £22m, new figures reveal.
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Computer fraudbusters go online
The NHS Counter Fraud and Security Management Service has launched a website to promote the work of its forensic computing unit.The unit trawls computer systems for digital evidence of fraud, computer misuse and security breaches. It has been involved in 138 NHS fraud cases to date, with a potential value ...
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Council slams proposed cuts to local health services
Surrey county council's health scrutiny committee has decided that proposals to cut £10m from the budget of Epsom and St Helier University Hospitals trust will substantially affect services. A public consultation exercise will now have to be held to look at the plans in more detail.
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Mental health budgets being cut, charity says
Mental health charity Rethink has warned that £37m of further cuts are taking place in mental health services across the UK.The charity is calling for mental health to be included in the so-called 'Selbie Six' of top national priorities for the NHS and a national recovery plan for the current ...
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Trusts need more time to balance books, says RCN
Trusts need more time to regain financial stability rather than having to cut services and posts in order to balance their books, the Royal College of Nursing has said.The union said long-term recovery plans were needed and trusts should be given three years to create a sustainable buffer fund and ...
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Comment
Funding formula
I am delighted that you reported calls to scrap the NHS funding formula on the evidence given to the health select committee by Professors Asthana, Stone and McCormick.
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News
A formula for unfairness
With a significant proportion of NHS trusts in financial difficulty and many of those reporting ward closures and job losses, the financial health of the NHS emerged as one of the key political issues of 2006.
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Comment
The new economics
Treating individual services as profit-and-loss units promises to transform financial management and clinical engagement. With plans imminent for foundation trusts, Monitor chair Bill Moyes puts the case for a fresh approach
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Medics warned off community work by cash-strapped trust
A financially troubled hospital trust is warning consultants not to carry out NHS work in the community unless there are guarantees that payments stay with the trust.
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Service-line economics goes to the heart of patient care
As we reveal this week, foundation regulator Monitor will be consulting trusts on compliance guidance to push the adoption of service-line economics (feature, page 22).
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Comment
And so to bed The problem with mental health inpatients
Mental healthcare faces a problem of bed shortages for inpatient care, but while a large part of the solution might be stronger community support rather than increasing the number of available beds, there is still a need in some places to boost their number. Mat Kinton and Suki Desai explain
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Trusts warned not to axe acute beds prematurely
Mental health trusts have been warned not to cut acute beds until their community services are fully developed.
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Turnaround help for a third of acutes as deficits reach £1.2bn gross
More than one-third of all acute trusts and a quarter of all primary care trusts are receiving turnaround support as it was revealed that deficits in the NHS are climbing again.
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Growing debts in Wales
A report from the Welsh Assembly's audit committee has warned that the NHS deficit in Wales is continuing to grow. The report says the service overspent by more than £30m last year, while carrying 'historic debt' of more than £80m.The committee has also highlighted 'significant variations' in the way that ...