All Private finance initiatives (PFI) articles – Page 11
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News
Revealed: the six trusts that need DH support with their PFI
Six hospital trusts have been identified as needing Department of Health cash support with their private finance initiative payments in order to make foundation trust status, HSJ can reveal.
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HSJ Local
National quality director takes job as acute chief exec
WORKFORCE: Department of Health national director of quality Ian Cumming is to take over as chief executive at North Bristol Trust when incumbent Ruth Brunt retires next year.
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HSJ Local
Coventry and Warwickshire deficit hits £8.5m
FINANCE: University Hospitals of Coventry and Warwickshire NHS Trust has run up a deficit of more than £8.5m, with cost improvement plan savings falling behind schedule.
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HSJ Local
Sherwood Forest slips on capital spend
FINANCE: Slippage on capital expenditure due to the delay on the renal scheme remains outside of the 25 per cent tolerance level that Monitor applies to capital spend variances.
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NewsOsborne outlines PFI reassessment plans
Chancellor George Osborne today announced a “fundamental reassessment” of the government’s controversial private finance initiative, with the aim of cutting costs and improving transparency.
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HSJ Local
Maidstone and Tunbridge Wells confident of breakeven
FINANCE: Maidstone and Tunbridge Wells Trust is still forecasting breakeven for the financial year, despite the added costs of its new PFI hospital at Pembury.
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HSJ Local
Sherwood Forest considers removing PFI asset
STRUCTURE: The trust agreed to consider removing Mansfield Community Hospital from its private finance initiative if it could not transfer to the trust under Transforming Community Services.
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CommentReview of London trusts reveals fears for safety
By now everyone in London’s heard of the SaFE review. NHS London commissioned consultants McKinsey to put together the Safe and Financially Effective paper and it has sat on desks for a few weeks at Southside. It’s explosive.
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HSJ Local
McKinsey finds Sherwood Forest's PFI is 'sustainable'
FINANCE: A McKinsey review of the trust’s private finance initiative has found it is sustainable, with health community support.
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HSJ Local
West Middlesex paying £4.2m a year in interest
FINANCE: The west London trust, which has an annual turnover of £149m, is paying £3.4m a year interest on its PFI and £800k for a DH loan.
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HSJ Local
Peterborough and Stamford needed 'advance payments' for cash position
FINANCE: Peterborough and Stamford FT has secured “advance payments” from PCTs to continue operating despite a cash shortage, according to board documents.
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HSJ Local
Bristol acute tenders for provision of nursing care
COMMERCIAL: An acute trust has issued a highly unusual tender for private partners to help run and build a new health and social care centre.
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HSJ Local
North Bristol 'puzzled' to be on Lansley's PFI list
FINANCE: The chief executive of North Bristol Trust was “puzzled” to find the trust included on a list of organisations whose private finance initiative deals may prevent them becoming foundation trusts, board minutes reveal.
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HSJ KnowledgePFI spy: how to make the most of private finance initiatives
The situation for trusts paying for PFI projects is not all doom and gloom. There are still ways to find savings, says Vincent King.
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NewsLansley sets out 'four tests' for hospital bailout and threatens to sack boards
Andrew Lansley has said trusts who want loans as they try to achieve foundation status will have to pass four tests.
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HSJ Local
NHS Herefordshire helps out new ICO
FINANCE: NHS Herefordshire has been supporting Wye Valley Trust with its private finance intitiative payments and “without prejudice” payments for activity above plan.
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NewsBristol trusts discuss £1bn merger
Two acute trusts in Bristol are in “ongoing discussions” about merging to create an organisation with a turnover close to £1bn.
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NewsLansley identifies 20 'unsustainable' trusts
The government has identified 20 trusts whose “clinical and financial stability is at risk” because of “cash-flow shortages” and legacy debt.
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HSJ Local
Contract to wire North Bristol Trust new PFI hospital awarded
COMMERCIAL: Apex Wiring Solutions has won a multi-million pound contract to supply wiring for North Bristol Trust’s new £430m private finance initiative hospital.
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CommentThe system needs fixing if we're to find the financiers
The NHS’s flawed payments system must be mended and evolved into something more robust and attractive in order to secure the as-yet-undecided new financiers, warn James Barlow, Colin Gray and Steve Wright.