Government Names 27 Hospitals Set to Share £21 Million

The government has identified the 27 hospitals who will benefit from £21 million in new funding. This money is intended to support new triage, streaming and co-located GP services alongside their emergency departments, in an attempt to relieve the pressure on A&E. The £21 million figure follows close on the back of £56 million in funding being provided to 70 hospital trusts in April this year. This £56 million payment also came under the £100 million pound program that was announced... Readmore

NHS Trust Owed £15 Million After Private Firm Liquidation

An NHS trust has found itself £15 million in the hole following the liquidation of a private firm. Imperial College Healthcare Trust is listed as a creditor of London International Hospital Limited, which commenced winding up proceedings on 30 March. Ravenscourt Park Hospital in west London has been sublet to the company since 2007, with a fifteen-year new lease having been taken on the property into 2002. Companies House documents indicate that investors Bhanu Choudhrie and Sudhir Choudhrie... Readmore

Labour Pledges Additional £37 Billion of NHS Expenditure

The Labour party has indicated its intention to spend an additional £37 billion on the NHS in England over the next five years. This investment will include £10 billion on upgrading key IT systems and repairing buildings. Labour indicates that the plans will be funded by tax increases and capital borrowing. Commenting on the matter, Jeremy Corbyn blamed NHS cyber attacks on Tory cuts, promising that a Labour government would result in a service “fit for the modern day”. But the Tories... Readmore

NHS Bosses Call for Pay Cap to be Lifted to Ensure Safety

NHS bosses have indicated their belief that the pay cut for staff working within the NHS must be lifted in order to ensure patient safety. NHS Providers suggests that the current pay situation in the NHS is causing severe recruitment and retention difficulties. As it stands, pay rises are limited to 1% annually between now and 2019. But NHS Providers has called on whichever party wins the imminent general election to reassess the decision immediately. The Labour Party has stated that... Readmore

NHS Spending Facing Real Terms Cuts According to Institute for Fiscal Studies

Public policy analysis has revealed that NHS funding will fall by 1.3% in real terms by the end of the decade. This will be due to the growth and ageing of the population, while inflation will also play a role in this phenomenon. Research by the Institute for Fiscal Studies (IFS) indicates that Department of Health spending will have increased by 12% in real terms since 2009. This will outstrip population growth over the same period, once the age structure of the same population is taken... Readmore

New Measures Set Out for Health Economies Requiring Bailouts

National leaders are introducing spending measures for health economies considered to be living off bailouts. This may result in its own NHS contracts being revised for the existing financial year. NHS England and NHS Improvement have implemented this process in order to curb spending. The focus will be particularly on the combined financial performance providers and commissioners within a particular health economy achieve. It has been decided by the authorities that consultancy firms... Readmore

NHS Trust Bailed Out by Military Charity

A struggling NHS trust has been bailed out with money from a military charity. A huge backlog of ex-troops has built up asking the South West Veterans Mental Health Service for assistance. And in order to meet the demand, the service, overseen by Avon and Wiltshire Partnership NHS Trust, acquired a grand with £390,000 from Help for Heroes. Commenting in the Commons, several MPs indicated their disgust about the lack of funding for veterans. Campaigners state that the number of traumatised... Readmore

NHS PFI Schemes Receive Major Criticism

New PFI deals will see hospitals pay £10 billion back in loans for hospitals that cost only £2 billion to build. The figures have drawn criticism from unions in particular. It has been revealed that NHS boards will have to make repayments of £285 million in the existing calendar year alone. Dave Watson, head of policy at Unison Scotland, responsible for representing 60,000 NHS workers, was strongly critical of the PFI programme. “These toxic contracts are having a damaging impact... Readmore

Labour Critical of NHS Hedge Fund Plan

A major argument is brewing over plans to borrow £10 billion from hedge funds in order to finance hospital repair and infrastructure projects in the NHS. Health bosses believe that low interest rates make this proposition an enviable prospect. Thus, it has been suggested that an infrastructure funded partly by private cash could enable local services to apply, and create a flexible pot of funding. Senior NHS executives are already discussing the matter with several hedge funds, and Jim Mackey,... Readmore

NHS Trusts Heading for £500 Million Deficit

The body responsible for representing NHS trusts has warned that the organisations will accumulate a collective deficit in excess of £500 million over the next 12 months. It was hoped that NHS trusts would return to financial parity in the 2017/18 financial year. But NHS Providers suggests that in the existing financial climate this target will be unachievable. Chris Hopson, the chief executive of NHS Providers, outlined the current struggle that critical NHS organisations are experiencing... Readmore

Review Suggests £10 Billion NHS Funding Increase Required

A major government review of property and estates has concluded that at least £10 billion of capital funding is required in order to deliver sustainability and transformation plans. Proposals required in order to ensure that NHS facilities are fit for purpose will also be included within this figure. The review has been conducted by by former University College London Hospitals Foundation Trust chief executive Sir Robert Naylor. And although the £10 billion figure may be worrying, the report... Readmore

Interest Rates for Troubled Trusts Strongly Criticised

Interest rates of 6% are being charged on the bailout loans taken out by the most financially disadvantaged NHS trusts in England. Experts have suggested that this is an extremely insidious policy that is effectively punishing some of the most vulnerable patients in Britain. Indeed, evidence indicates that those trusts currently in financial special measures can pay up to 400% more on working capital loans than other organisations. The Department of Health claims that this reflects the additional... Readmore
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