Navigation Links
Double-penalty System for Bankrupt Health Trusts Lifted

Doctors and managers of NHS Trusts have welcomed a move to bring an end to the double–penalty system for health trusts that fail to balance// the books.

Till now, when a health trust falls into deficit, not only is it penalized by having to pay back its debts but in addition, some money is cut off from its allocated funds from the ensuing year’s budget.

All this has meant that some health trusts find it virtually impossible to balance accounts and have to resort to compromise in patient healthcare, to keep afloat.

This system has been around for the last seven year as part of the Treasury’s Resource Accounting and Budgeting rules.

Now the government believes the NHS will get a chance to pull itself out of the mire as it has announced a contingency fund of 450 million pounds, gathered through cuts in training and public health budgets.

David Nicholson, the NHS chief executive, admits the system was "unsustainable and inconsistent". But he says the Department of Health could not afford to deal with the problem at that stage.

Nicholson was quoted : “ The majority of NHS trusts have improved their financial performance over the last year, meaning we are now in a position to complete modernization of the NHS financial regime.

"We are moving NHS trusts out of the resource accounting and budgeting regime as this was inconsistent and unfair. At the same time, we are replacing the opaque system of cash brokerage with a formal system of loans to further aid transparency and financial discipline.

"We have now introduced a system that ensures fairness, transparency and responsibility, a system that is fit for the future. Organizations can now understand clearly their financial performance and the consequences and benefits of the management decisions they make.

"This gives us a very firm platform going forward to deliver on our planned improvements in services in the NHS in the coming yea r. We are now in a strong position to further transform the care we give our patients, reducing waiting times as we move toward a maximum 18 weeks from referral to treatment and delivering more care closer to home.

"This is not an easy option. NHS Trusts will have to manage their spending, recover any deficits, repay loans but for the first time their financial position and the actions which need to be taken will be clear and more transparent than ever before."

During an investigation in December, data provided under the Freedom of Information Act showed 103 hospital trusts across England were forecasting an accumulated deficit of 1.6 billion pounds by the end of the financial year, caused by overspending since 2001. At least a dozen hospitals had reached the point where financial recovery was impossible.
NN
'"/>




Related medicine news :

1. Early Warning System For Breast Cancer
2. Gene connected to Multi-System disorder discovered
3. Reviving the Immune System
4. Painkilling Patch As Effective As Intravenous Delivery Systems
5. Wrestling found To Be Good for the Immune System
6. Computer System To Predict Deep Vein Thrombosis
7. Gene-Nanoparticle Gene Transfer Is Better Than Viral Vector Transfer System
8. Nutrient Profiling System Launched By Food Officials in UK
9. Block Immune System Chemical For Treating Asthma
10. Smoking Hazardous To The Enzymes System In Lungs
11. HIIP- A Novel Inhaled Insulin Delivery System As An Alternative To Injectable Insulin Therapy
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:4/29/2016)... Beverly Hills, CA (PRWEB) , ... April 29, 2016 , ... ... distributor of devices and products for the head and neck/ear, nose and throat specialty, ... Safety Device , The KOTLER NASAL AIRWAY™ is a newly patented safety ...
(Date:4/29/2016)... ... April 29, 2016 , ... ... a growth round of funding led by Eastside Partners, with participation from existing ... rapidly growing customer base and accelerate its technology and product roadmap. ...
(Date:4/29/2016)... ... April 29, 2016 , ... Regenerative Medicine Solutions (RMS) scored ... satisfaction survey, earning them second place for Tampa’s Best Places to Work. They were ... “This is a great accomplishment for our team,” says RMS Human Resources Manager Irene ...
(Date:4/29/2016)... CA (PRWEB) , ... April 29, 2016 , ... The ... L. Frederick, Dr. Sanaz Ghazal, and Dr. Daniel A. Potter -- are proud of ... for Assisted Reproductive Technology (SART). In April, SART published the latest verified ...
(Date:4/29/2016)... ... April 29, 2016 , ... Natren, Inc. recently sent representatives ... Petbiotics ™, as they fondly call them. As animal lovers, they were ... their non-profit organizations. Animal rescues across the nation face huge hurdles rescuing animals ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... , April 29, 2016 ... glyco-biology expertise, today announces the appointment of Dr. ... Dr. Zurlo is an oncologist with many years clinical ... and biotechnology industries. His last role was at Mologen ... of the Executive Board. Previously Dr. Zurlo held various ...
(Date:4/28/2016)... YORK , April 28, 2016  While ... notably complement the company,s valve repair and stent ... move also places Abbott more firmly into patient ... of the fastest growing device areas, with double-digit ... its recent report,  Advanced Remote Patient Monitoring ...
(Date:4/28/2016)... Dr. ... und Stephen Schmidt werden Teil ... ein führender Anbieter cloudbasierter Softwarelösungen für den ... neue Führungskräfte zum Team Sicherheit und Pharmakovigilanz ... Erfahrungen mitbringen.  Dies wird die Geschäftseinheit Sicherheit ...
Breaking Medicine Technology: