Morale and money major worries for NHS

clock

Staff morale is the top concern for NHS trust finance directors and two thirds of hospitals are concerned about staying in budget, a report from The King's Fund has warned.

Hospitals and other NHS providers overspent their 2014/15 budgets by over £800m despite an extra £900m being provided from the Treasury to help balance budgets.

Staff morale remains the top concern and less than half (45%) of trusts felt confident they would achieve productivity targets for 2015/16.

Productivity gain targets were thought to be at risk of not being met % by 75% of NHS trusts and 68% of clinical commissioning groups.

The majority (60%) of finance directors of NHS trusts said they were dependent on drawing down reserves or additional funding for 2014/15.

The number of delayed transfers of care has risen by over 20% in the first quarter of 2014 compared to the same quarter in 2013.

Richard Murray, director of policy at The King's Fund, said: "The health service enters the new financial year facing some of the biggest financial and performance challenges in its recent history.

"If last year was the most difficult for some time, this year promises to be much worse, with little confidence that the alarming deterioration in NHS finances can be arrested.

"Looking further ahead, while there is still significant scope to improve productivity in the NHS, efficiencies are becoming harder to generate and there is considerable scepticism that the £22bn in productivity improvements outlined in the NHS five year forward view can be achieved."

Further Reading:

NHS slipping at 'early 1990s' rate King's Fund warns

NHS 'deterioration' spreading - Nuffield Trust

NHS outsourcing up but private healthcare down - LaingBuisson

More on Income Protection

Advisers reveal preference for continued virtual meetings

Advisers reveal preference for continued virtual meetings

According to CIExpert research

Hemma Visavadia
clock 19 May 2022 • 2 min read
How protection-writing intermediaries can navigate the cost-of-living crisis

How protection-writing intermediaries can navigate the cost-of-living crisis

“Communication is key”

Mike Pritchard
clock 18 May 2022 • 3 min read
James Turnbull: Adoption of insurtech is not 'all or nothing'

James Turnbull: Adoption of insurtech is not 'all or nothing'

"It’s more important than ever that the industry catches up"

James Turnbull
clock 17 May 2022 • 4 min read

Highlights

First episode of The COVER Review goes live!

First episode of The COVER Review goes live!

New monthly programme

John Brazier
clock 21 April 2022 • 1 min read
The Rising Stars of Protection: Adrian Benjamin

The Rising Stars of Protection: Adrian Benjamin

"Getting into the insurance industry is very difficult, I had to fight my way to get in"

Hemma Visavadia
clock 20 April 2022 • 6 min read
Where protection meets sustainability

Where protection meets sustainability

"Being a sustainable business means more than just meeting climate targets"

Hannah Godfrey
clock 19 April 2022 • 7 min read