NHS Finance

Hancock announces £1bn of extra funding for upgrades to NHS facilities

07.12.18: An extra £963m of funding for 75 projects to improve health facilities across the NHS has been announced by Matt Hancock, with mental health and integrated care services amongst those receiving upgrades. As part of the funding, the he...

New voluntary drug pricing deal could cut NHS medicine bill by almost £1bn

28.11.18: A new voluntary scheme to control the pricing of branded medicines could provide patients with earlier access to new medicines and save the NHS almost a £1bn on its annual medicine bill. It will introduce an annual 2% cap on the growt...

NHS to save record £300m on biosimilar drugs deal

26.11.18: The NHS is set to make its biggest saving from a single drug negotiation in its history after negotiating deals on low cost versions of its most expensive drug. As announced by Simon Stevens today, the NHS has negotiated deals with five man...

Nottingham University Hospitals Trust needs to fight £33m deficit or risks losing more funding

23.11.18: Nottingham University Hospitals (NUH) NHS Trust needs to fight back from a £33m deficit or it could lose further government funding in the future. Local media claim that a report revealed that, just halfway through the financial year...

Primary and community care to be given £3.5bn boost from May’s original £20bn injection

22.11.18: Theresa May has announced a real-terms investment boost of £3.5bn a year in primary and community healthcare by 2023-24 and committed to a “growing share of spending” for out-of-hospital care as part of the NHS long-term plan. ...

NHS faces £2.3bn bill in no-deal Brexit in medicine and supplies cost surge

13.11.18: A ‘no-deal’ Brexit would deliver a “cost shock” to the NHS which would eat up all the funding available to improve patient care for the next two years through a surge in the cost of medicine and supplies. New analysi...

NHS director tells doctors to use Skype to cut ‘thousands of unnecessary hospital appointments’

09.11.18: England’s top doctor has called on hospitals to embrace Skype, apps and other online tools to reduce the “thousands of unnecessary outpatient appointments made every day.” NHS England’s medical director Stephen Powis...

Trust pays out £5.7m to lay off 299 staff as mergers see spike in compulsory redundancy pay-outs

09.11.18: One NHS trust paid out £5.7m to get rid of 299 NHS workers as new figures show that the amount trusts spent on compulsory redundancies increased by 8% last year. Data from trust’s annual accounts show that NHS providers spend a...

‘Grossly unfair’ pay rise risks undermining health and social care integration, NHS Confederation warns

05.11.18: National efforts to integrate health and care services will be undermined if the government fails to award thousands of health and care staff with pay rises, the NHS Confederation has warned. The government announced in March a pay-rise for...

Healthwatch workforce numbers fall by a fifth as report warns of ‘perilous’ state of funding

02.11.18: More reductions in Healthwatch funding have seen the number of full-time staff in the network fall by 22% over the last two years, Healthwatch has revealed in its annual State of Support study. The report found that funding received by loca...

NHS trust struggling to find replacement to build post-Carillion Birmingham hospital

01.11.18: The NHS trust responsible for building the new Birmingham hospital has admitted it is struggling to find a replacement after Carillion’s collapse cast doubt over the £350m construction. The Sandwell and West Birmingham Hospitals...

Day-to-day spending to fall by up to £1bn despite Budget injection, Health Foundation says

31.10.18: An analysis of the Autumn Budget by the Health Foundation has found that day-to-to-day spending on the wider health budget will fall by up to £1bn in real terms by next year. Despite welcome announcement from the chancellor that &poun...

Carillion hangover sees PFI contracts abolished by Chancellor in Budget announcement

30.10.18: Controversial Public Finance Initiative (PFI) and PF2 contracts that led to the stalling of the construction of major hospitals in Liverpool and Birmingham have been abolished by the chancellor in yesterday’s Budget announcement. Spea...

Providers warn budget may be ‘swallowed up’ by NHS austerity recovery challenge

26.10.18: Providers have warned that any new funding for the NHS is being “swallowed up” by efforts to recover from almost a decade of austerity, and have urged the government to use the Budget to commit more funding. Ahead of the Autumn...

Clarity over ‘parity of esteem’ definition and 5% annual spending increase needed for mental health services

26.10.18: The Institute for Public Policy Research (IPPR) has called for greater clarity over the definition of ‘parity of esteem’ between mental and physical health needs, and has published a number of financial recommendations for NHS mental...