Navigation Links
Hospitals May Face Funds Crunch

Patricia Hewitt, the Health Secretary of the UK has imposed a review with regard to the country’s largest hospital rebuilding project. //This move has raised doubts as to whether the private finance initiative (PFI) of the Labor Government aimed at modernizing the NHS will be put into operation.

The financial viability and the purpose to be served by the £1 billion plan has been questioned by Ms Hewitt. The original plan involved the rebuilding of the St Bartholemew and the Royal London hospitals. The hospitals in the country are experiencing difficulties with regard to the large annual costs while servicing 25 years to 40 years PFI deals. The guaranteed incomes of the hospitals are also in doubt as a result of the new payment-by-results policy.

The larger the PFI schemes, the greater will be the financial burden, according to Professor Chris Ham of the Birmingham University. The NHS Trust insists that the project is a viable one in spite of Ms. Hewitt’s reservations. The PFI programmes are being reviewed to ensure that there is value for money, which does not mean that PFI hospital projects are being frozen. The scale of the debts that the trusts will run into has been questioned by the Commons Public Accounts Committee in the country. The Queen Elizabeth Hospital Trust is already reported to be technically insolvent as a result of its debts. The country’s community hospitals provide better services than its mega-general hospitals, according to reliable sources.

Construction firms like the Skanska AB in the UK will also be affected as a result of the doubts expressed by the Health Department. The PFI deals will also be affected by the 'payment by results' system. A spokesman from the Health Department has confirmed that the hospital PFI projects are not being frozen.

'"/>




Page: 1

Related medicine news :

1. Apollo Hospitals to consider listing on US Bourses in 2003
2. Apollo Hospitals Collaborates With Histostem For Stem Cell Therapy
3. Indian Hospitals – A Destination For Quality Medical Care
4. Researchers Begin Study To Find Out If Angioplasty Can Be Safely Done In Smaller Hospitals
5. Quality Awareness In Hospitals Can Reduce Mortality Rate Of Patients
6. First PET-CT guided radiotherapy in India was performed by Apollo Hospitals
7. Delhi Government To Interlink All Major Hospitals Through e-Governance
8. Global Hospitals coming to city of Joy
9. Indias Hospitals Among The Best, Says Renuka Chowdhury
10. Apollo Hospitals Short-listed to Provide Diagnostics in the UK
11. Apollo Hospitals to invest Rs 350 cr to add 1,800 beds
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:4/27/2017)... ... April 27, 2017 , ... Healthcare companies are trying to ... rapidly reject an outdated healthcare executive resume. , “If you’re a healthcare executive open ... resume and wondering if it’s as ready as you are for a new job ...
(Date:4/27/2017)... (PRWEB) , ... April 27, 2017 , ... ... named the 2017 North American CAREGiverSM of the Year for her extraordinary compassion ... one of its 60,000 North American professional caregivers for the prestigious award each ...
(Date:4/27/2017)... ... 27, 2017 , ... Offering the purest product of its kind, Swissx Labs ... more potent than the market has seen before. Swissx uses proprietary strains of hemp ... patented chromatography process for extraction, to produce its CBD oil--maximizing its benefits for health ...
(Date:4/26/2017)... ... April 26, 2017 , ... Jump Technologies, Inc., ... announced it has completed a round of funding to accelerate its growth strategies. ... Black Granite Capital is a growth equity firm focused on investments in healthcare ...
(Date:4/26/2017)... , ... April 26, 2017 ... ... is thrilled to announce the ATA 2017 President’s Awards recipients, comprised of ... demonstrated superior healthcare delivery. , The ATA 2017 President’s Awards recognize ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... April 20, 2017  Zimmer Biomet Holdings, Inc. (NYSE ... today announced that it will be participating in the ... the InterContinental Hotel in Boston, Massachusetts ... present at 11:20 a.m. Eastern Time. A ... Zimmer Biomet,s Investor Relations website at http://investor.zimmerbiomet.com .  ...
(Date:4/20/2017)... 2017   ZappRx, Inc ., a digital health company ... today announced it closed $25 million in Series B funding ... based in Seattle that is part ... The Series B round included participation from SR One ... GV (formerly Google Ventures). As part of the ...
(Date:4/20/2017)... 20, 2017 Research and Markets has ... Manufacturing Services Market Analysis By Service (Manufacturing, Research), By Country, ... - 2025" report to their offering. ... The Latin American pharmaceutical contract manufacturing ... 2025 Low drug registration cost in Latin American ...
Breaking Medicine Technology: