Capital health : London's new health care estate / [NHS Capital Investment Unit for the London Strategic Health Authorities].

  • Great Britain. National Health Service
Date:
2005
Catalogue details

Licence: Open Government Licence

Credit: Capital health : London's new health care estate / [NHS Capital Investment Unit for the London Strategic Health Authorities]. Source: Wellcome Collection.

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    GLOSSARY (CONT) HEALTH SERVICE MANAGEMENT Primary Care Trusts (PCTs) Since April 2002, PCTs have taken control of local health care while 28 new strategic Health Authorities monitor performance and standards. They receive budgets directly from the Department of Health. There are 31 PCTs and 5SHAs in London currently. HOSPITAL PROCUREMENT Private Finance Initiative (PF1) The private finance initiative (PF) provides a way of funding major capital investments, without immediate recourse to the public purse. Private consortia, usually involving large construction firms, are contracted to design, build, finance and manage non-clinical support services in new projects. Contracts typically last for 30 years, during which time the building is leased by the NHS Trust and returns to the NHS free of charge at the end of the contract period. Local Improvement Finance Trust (LIFT) NHS LIFT is a way of developing a new market for investment in primary care and community-based facilities and services. It involves the local health community in developing a Strategic service development plan, incorporating its local primary care service needs and relationships with, for example, intermediate care, and local authority services. A private sector partner is identified through a competitive procurement, and a local joint venture formed - the local LIFT company - which will have a long term partnering agreement to deliver investment and services in local care facilities.