sparks Posted May 3, 2012 Share Posted May 3, 2012 It's not happening according to the Government... Link A row has broken out over a debt-ridden NHS hospital being handed over to a private company that will keep a large chunk of the millions of pounds in savings it will seek to make. Bosses at Circle, which is running the Hinchingbrooke Health Care Trust in Cambridgeshire, have insisted they will improve standards despite claims that they will need to make what have been described as "eye-watering" cuts. The Health Service Journal (HSJ) has published a report saying the hospital will need to make surpluses of at least £70m over the next decade if it is to clear its debts and meet Circle's contracted share. A letter deposited in the House of Commons library by Earl Howe, a junior health minister, and uncovered by the HSJ, details for the first time the terms of the deal to hand running of the hospital to Circle. A statement from the HSJ said: "The first £2m of any year's surplus goes to Circle; the company then takes a quarter of surpluses between £2m and £6m and a third of surpluses between £6m and £10m. "The terms mean the trust, which has an annual income of around £100m, will need to make a surplus of at least £70m to clear its debts. 44% of that money would go to Circle." In the past decade the hospital has never made an annual surplus of more than £600,000, suggesting widescale cuts would be needed to meet targets, the report said. Circle began its 10-year management franchise at the struggling Huntingdon-based hospital in February in what is seen as a potential model for other hospitals across the country. Don't get sick, don't get old, and don't expect a decent education! The Condems and Neo Labour (in the words of another) should be 'taken out and shot in front of their families'... Quote Link to comment Share on other sites More sharing options...
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