NHS Finance

Struggling NHS hospital considers appealing to Tottenham Hotspur to ease financial struggles

22.10.18: A struggling NHS hospital is considering appealing to a Premier League football club for financial support after ending the year with a £29m deficit. One option includes a 20p surcharge on food, drink and match programmes for fans att...

NHS trusts stuck in ‘unsustainable cycle of severe winter pressures’ fear winter worse than last year

22.10.18: There are “clear warning signs” that the coming winter will be even worse for NHS trusts than last year, a new report from NHS Providers has warned. Growing staff shortages are putting “additional strain on a workforce alr...

NHS trusts save £288m by comparing everyday essentials

22.10.18: NHS trusts made £288m in savings during the last financial year by buying cheap everyday essential such as syringes, toilet rolls and disposable gloves by comparing prices between trusts across the country, according to the latest figures...

One in six trusts could end PFI contracts due to poor performance as NHS heads for £1bn loss

19.10.18: A new report has revealed that 15% of all NHS trusts using private finance initiatives (PFI) could terminate contracts due to poor performance. The report, released by the Centre for Health and the Public Interest (CHPI), has analysed five...

Health organisations in Autumn Budget appeal over social care and public health funding

17.10.18: A group of health faculties and royal colleges have urged the chancellor to use the autumn budget to invest long-term in adult social care and health services or “risk the NHS failing to meet demands.” In a letter addressed to P...

NHS waste scandal: Boss says company has been ‘vilified’ and denies mismanagement

12.10.18: The boss of the waste disposal company at the centre of an NHS scandal for stockpiling medical waste, including body parts, has told the BBC his company has been “vilified” and denied suggestions that it mismanaged its services. ...

DHSC pledges to break down the barriers to any idea that can help cut costs

12.10.18: The Department of Health and Social Care (DHSC) is open to each and every idea that could help reduce cost whilst keeping care as good as it is now or even better, its boss has promised. Secretary of state Matt Hancock issued a clear call t...

Recoup and recover

10.10.18: The ease and round-the-clock nature of making cashless payments has transformed the way we pay for goods and services – and, from now on, the NHS should be no different. Stephen Sutcliffe, director of finance and accounting at NHS Shared B...

Record £37m NHS compensation pay-out for brain-injured boy

08.10.18: A six-year-old boy who suffered a “catastrophic” brain injury after his birth in hospital has received a NHS record £37m in compensation. The child contracted the herpes simplex virus at Watford General hospital which &ldq...

Two Cheshire CCGs in danger of going £5m in deficit for next year

08.10.18: Two CCGs based in Cheshire have told members the groups are facing a combined deficit of £5m for this financial year. Following a meeting on Thursday, NHS South Cheshire and Vale Royal CCGs claimed that they will go £5m over bud...

Ministers to write off £150m of NHS debt in new deal

05.10.18: The Scottish Government will write off £150m of debt owed by NHS health boards – including the troubled NHS Tayside, which alone owes £45m and is expecting a £17m deficit this year – as part of a new financial frame...

Groundbreaking cancer treatment now available in England as NHS strikes discount deal

05.10.18: A cancer immunotherapy used to treat patients with aggressive non-Hodgkin lymphoma is now available in England after NHS England struck a discounted deal. The news comes just after Theresa May announced a new cancer strategy for the NHS whi...

Theresa May announces new cancer strategy for NHS

04.10.18: The prime minister has announced a new cancer strategy for the NHS which will see “a step change in how we diagnose cancer” and improve cancer survival rates. Theresa May said she wants to increase early detection rates for canc...

Audit raises ‘serious reservations’ over two NHS health boards’ £20m budget gaps

03.10.18: Scotland’s public spending watchdog has raised “serious reservations” over the finances of two health boards who both face funding gaps of over £20m. Audit Scotland found that NHS Ayrshire and Arran and NHS Highland...

NHS faces £2.7bn cuts after government pension slip-up

01.10.18: The NHS will suffer £2.7bn in new cuts after the government miscalculated the pension costs of public sector workers, a new analysis from the House of Commons library has shown. The government has offered to cover the NHS’s addi...