Which NHS hospitals are the most underfunded?
If you’ve ever wondered how much a hospital’s operating budget would be if it spent every cent of its operating budget on its patients, you’ll be glad to know that a whopping £2.7 billion of that is wasted on unnecessary procedures.
The NHS is facing an unprecedented financial crisis and the Department of Health (DH) is warning it will face a budget shortfall in the next five years unless drastic changes are made to its financial strategy.
The DH is looking to reduce operating costs by up to 50 per cent in 2019/20, while also introducing more direct payments to hospitals and other health-care providers.
However, some experts believe the DH is pushing too hard and that the money could be better spent elsewhere.
Here are the top ten hospitals which are wasting the most money.
Imperial College London (London) Imperial College Hospital: £2,979.3 million The £2 billion hospital in central London spends around £1,200 on a typical patient, according to the Department for Health.
The hospital, which is only open for 30 days a year, has spent around £2 million on unnecessary surgeries and procedures, which it claims are unnecessary and unnecessary procedures are a major cause of hospital overcrowding.
This year, the hospital’s general surgery unit saw the largest increase in patients, with 6,000 more coming in than the previous year.
It also received £2m more in private donations than last year, with nearly £3.2m coming from hospitals in England and Wales.
Royal London Hospital (London, UK) Royal London NHS Trust: £1.9 billion It is estimated that the Royal London Trust (RLT) spends around $2.5 billion a year on operating expenses, but the hospital has also had to deal with a lack of funding, particularly as the NHS has cut back on operations.
A lack of money has forced the hospital to reduce its operating budgets, cutting up to 70 per cent of the money it had spent on procedures in recent years.
The number of surgeries being carried out at the hospital fell by more than 70 per,cent, from 3,700 to 2,700.
It is not clear what the impact of this will be on the hospital, but it is believed that patients will struggle to get better care if the hospital does not get funding.
Queen Mary, University of London (UCL) Queen Mary University Hospital: $1.2 billion Queen Mary Hospital, one of London’s largest hospitals, is facing a shortfall of around £700 million as a result of its inability to pay bills, a spokesperson told The Independent.
The university hospital, a key part of London, is the biggest hospital in the capital and has a reputation for being the most accessible hospital in England.
However the Royal College of Surgeons (RCS), which represents the NHS’s top-tier surgeons, has called for the hospital not to be allowed to continue as a private provider for the next three years, as the cost of operations would be too high.
The RCS said that the hospital is underfunded by more then $1 billion.
Kings College Hospital (Cambridge, UK, UKA) Kings College Hospitals NHS Foundation Trust: $979 million The UK’s second largest hospital, the Kings College, is also facing an unplanned financial shortfall.
Its annual operating budget of $9.7 million was slashed to $907,879 last year.
Its surgery costs were cut by 70 per per cent, from 1,200 to 500.
This is due to a reduction in surgical teams, which means there is less surgical capacity available for operations.
It has also faced criticism for its decision to stop treating people with Ebola, which has forced its staff to work long hours at a time when other hospitals have seen increases in their operating budgets.
The Queen Elizabeth Hospital has also cut its operating costs, with the total budget now £878,906, down from £1 billion last year and a significant increase from £2 Billion spent in the same period last year when the UK was hit by the pandemic.
The University of Cambridge, which runs the hospital and has seen its operating expenses reduced by up 30 per cent over the last three years due to reduced funding, said it will continue to make cuts until the budget is returned to sustainable levels.
King’s College Hospital, London (UK) King’s Hospitals, a private hospital in London, has also suffered cuts, with its operating and clinical budgets reduced by 70 to 80 per cent from £5.3 billion to £4.3 bn.
Its operating budget has also been reduced from £4 billion to less than £3 billion in the last year due to financial constraints.
This has caused the hospital the most acute financial crisis in recent history, as King’s Hospital has had to make redundancies in its workforce to cope with a shrinking number of operations and a lack in patient beds.
Royal Marsden Hospital, Oxford (UK, UKR)