NHS Finance

NHSE holding back ‘significantly helpful’ cash from CCG books

14.08.17: NHS England has decided to hold back money that would have otherwise trickled down to CCG finances because it is “simply not an option” for commissioners to dodge contributing to a system risk reserve – especially in a year whe...

Individual legal duties create ‘governance challenges’ to system working

11.08.17: A financial expert has today stated that one of the biggest challenges facing the NHS in England is in moving to system-wide working – and strong governance is vital for trusts to move that forward effectively. In a blog written by th...

Get ready to do it all over again

25.07.17: NHE hears from Jim Mackey and Lord Carter of Coles about the ongoing efficiency challenge. At Confed17, Jim Mackey and Simon Stevens both commended the health sector for its efforts in the past 12 months to break even financially in 2016-17...

Hoping for cross-organisational change

21.07.17: Mark Orchard, president of the Healthcare Financial Management Association (HFMA) and director of finance at Poole Hospital NHS FT, discusses the future of NHS finance. Marking the midpoint of a newsworthy and eventful year, we recentl...

Go-ahead given to support 15 STP areas with £325m capital investment

19.07.17: The Department of Health (DH) and NHS England have finally revealed that 15 high-performing STP areas will be given a share of the £325m capital investment, to support local projects, as promised in the chancellor’s Spring Budge...

DH balances books at cost of capital spending falling for third year in a row

19.07.17: The Department of Health (DH) has balanced its books in 2016-17, although this has been achieved against the back drop of another fall in capital spending. Last year, capital spending stood at around £4.56bn, below its budget of &poun...

NHS ranked best in world despite low GDP spend

19.07.17: The NHS has been ranked top in a study of 11 health services from around the world by a leading international think-tank. Findings uncovered by US-based researchers in the Commonwealth Fund ranked the 11 countries in order for their care pr...

Clinical negligence claims cost NHS over £1bn last year

14.07.17: The NHS paid out over £1.08bn in damages to claimants for clinical negligence last year, NHS Resolution’s first annual report has this week found. Formerly known as the NHS Litigation Authority, the organisation revealed that th...

Bristol trust taken out of financial special measures

11.07.17: A trust in the west of England has been taken out of financial special measures, following significant steps forward in its fiscal performance. NHS Improvement said that the struggling trust had demonstrated strong leadership and worked col...

Temperature rising as almost all FDs lack capital to achieve STP targets

06.07.17: For the fourth year in a row, NHS trusts and foundation trusts have reported a lack of confidence that fiscal targets would be met this year, although STP relationships have been strengthened over the last six months. In the seventh NHS fin...

NatCen: Eight in 10 want more NHS spending – even if that means more taxes

28.06.17: Eight in 10 Britons think the government should spend ‘more’ or ‘much more’ on the NHS, even if that means hiking taxes, a nationwide survey has found – signalling a remarkable shift to the left on the economy since...

Trusts need £350m by July to dodge even more severe winter pressures

27.06.17: An urgent injection of £350m must be committed by the end of July to prepare the sector for the coming winter as nearly half of trusts believe the extra £1bn social care cash committed in the spring will have no impact on their abili...

Key challenges remain as much of GM budget surplus owed to one-off measures

27.06.17: Despite finishing 2016-17 in a strong financial position in the face of significant issues in the NHS locally and nationally, Greater Manchester Health and Social Care Partnership (GMHSCP) has warned that much of this has been generated through...

BMA: Government wants world-class NHS with a third-class settlement

26.06.17: Public satisfaction rates with the NHS has plummeted, the BMA has today stated as a survey found that more people were dissatisfied with the health service than satisfied for the first time. Its outgoing chair also warned that the government wan...

NHSI shifting to ‘quality-focused phase’ as provider deficit shrinks to £800m

19.06.17: Although the health and care sector “can’t lose grip” of money and performance standards, quality will now start to become more centre-stage in NHS Improvement’s (NHSI’s) priorities, the organisation’s boss Ji...