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Healthcare company managing Britain’s first privately run NHS hospital blames funding cuts and surge in A&E demand.
A politically charged hand grenade has been thrown into the general election debate on the NHS after the healthcare company Circle said it planned to pull out of its contract to manage Britain’s first privately run hospital, Hinchingbrooke in Cambridgeshire.
Circle Holdings issued a statement to the London Stock Exchange blaming funding cuts, a surge in demand for accident and emergency services and a failure to deliver “joined up” reform between health and social services. It said the company had entered into discussions with the NHS Trust Development Authority “with the view to ensuring an orderly withdrawal from the current contract”.
The company said that funding for Hinchingbrooke Health Care NHS Trust had been cut by about 10% for the current financial year and that the company had spent £4.84m to support the trust. Circle is allowed to withdraw from the contract if it spends more than £5m.
http://www.theguardian.com/society/2015/jan/09/circle-exit-private-contract-hinchingbrooke-nhs
So much for the assertion that the private sector can run things better and more effciently 🙄
A politically charged hand grenade has been thrown into the general election debate on the NHS after the healthcare company Circle said it planned to pull out of its contract to manage Britain’s first privately run hospital, Hinchingbrooke in Cambridgeshire.
Circle Holdings issued a statement to the London Stock Exchange blaming funding cuts, a surge in demand for accident and emergency services and a failure to deliver “joined up” reform between health and social services. It said the company had entered into discussions with the NHS Trust Development Authority “with the view to ensuring an orderly withdrawal from the current contract”.
The company said that funding for Hinchingbrooke Health Care NHS Trust had been cut by about 10% for the current financial year and that the company had spent £4.84m to support the trust. Circle is allowed to withdraw from the contract if it spends more than £5m.
http://www.theguardian.com/society/2015/jan/09/circle-exit-private-contract-hinchingbrooke-nhs
So much for the assertion that the private sector can run things better and more effciently 🙄