Hospitals get £1.8bn for sustainability and transformation
Wednesday December 16th, 2015
Health Secretary Jeremy Hunt also added that the money will aid with the financial balance of challenged hospitals, changing the way they provide healthcare for their patients.
The transformation fund, which will be allocated dependent on hospitals meeting a series of strict conditions, will give the NHS the time and space it needs to put transformation plans in place. This will make 7 day services a reality for patients.
In the Spending Review the Chancellor confirmed the £10bn for the NHS’s future plan. The £1.8bn, part of a £3.8bn front-loaded funding boost for next year, is designed to help trusts reduce their deficits and allow them to focus on transforming services to deliver excellent care for patients every day of the week.
The funding will be broken down into two parts. A proportion of funding will be distributed to all providers of emergency care, linked to demonstrating initial progress against the conditions outlined above and the setting of agreed control totals with NHS Improvement. A second element will be used to target providers which can deliver additional efficiencies and improvements. Both elements of the fund will put trusts in a stronger financial position to make sure patients benefit from a world-class NHS for decades to come.
Jeremy Hunt said:
“This government is committed to the values of the NHS, which is why we’re investing £10 billion in its own plan for the future, including £6 billion upfront by next year. We’re offering trusts help to improve their financial position and transform services for patients based on that planned investment, subject to strict conditions. This will allow hospitals to focus their efforts on making the NHS a truly 7 day service, offering the same excellent world class care every day of the week.”
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