Search results
Results from the WOW.Com Content Network
Northumbria Healthcare NHS Foundation Trust was the first to buy out a PFI contract, borrowing £114.2 million from Northumbria County Council in a deal which reduced its costs by £3.5 million per year.
1 Powers of NHS trusts to enter into agreements (1) The powers of a National Health Service trust include power to enter into externally financed development agreements. (2) For the purposes of this section, an agreement is an externally financed development agreement if it is certified as such in writing by the Secretary of State.
It said in 2017 that PFI companies had made pre-tax profits of £831m in the past six years which could have been spent on patient care. [2] In 2022 it pointed out that expenditure on staff, equipment and other capital projects can be cut by an NHS trust, but not their PFI payments. [ 3 ]
The Trust was the first to buy out a PFI contract, borrowing £114.2 million from Northumberland County Council in June 2014 in a deal which reduced its costs by £3.5 million per year. [16] It was named by the Health Service Journal as the best acute trust to work for in 2015.
In 2014-2015 the trust was given a loan of £6.2 million by the Department of Health which is supposed to be paid back in five years. [11] In 2020, the trust was rated "Good", with its main hospital (Kings Mill Hospital) being rated "Outstanding". In 2021 it was named by the Health Service Journal as the Acute or Specialist Trust of the Year. [12]
The Norfolk and Norwich University Hospitals NHS Foundation Trust pays the private PFI Octagon consortium in the region of £41 million a year. [4] In 2004, the Association of Chartered Certified Accountants assessed the actual costs at £1.16 billion, or around five times the initial cost of £229 million. [4] Project team: Anshen & Allen ...
In 2014, the Trust planned to buy a new electronic patient record system and sent 14 members of staff to the USA to evaluate the competing systems from Cerner and Allscripts, the final two competing for the £38 million contract shortlisted from eight bidders. A contract was due to be signed in early 2015 with the system implemented in mid-2016.
It is managed by the Tees, Esk and Wear Valleys NHS Foundation Trust. History. The hospital was procured under a Private Finance Initiative ('PFI') contract, ...