Mastek Blog

How the NHS is Plugging the Leaks in its Deficit? [INFOGRAPHIC]

16-Mar-2016 09:06:02 / by Dominic Carter posted in Government

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Balancing the books has long been a priority for the NHS. As the latest figures according to the Kings Fund suggest NHS Provider trusts are forecasting to overspend by £2.3 billion at the end of March this year. This is approximately 2% of the entire NHS budget.

Not surprisingly, a lot is being done already. The additional £8.4 billion real-terms funding by 2020/21 announced in the recent Spending Review has resulted in an increase of £3.8 billion funding in real-terms in 2016/17. This includes a £1.8 billion Sustainability and Transformation Fund for the provider sector, targeted primarily at emergency care providers. The need to keep quality up and cost down has never been so evident, and the consequences in not bridging the gap more severe.

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Why Financial Services Must Revisit Their Approach To Digital & Mobile

02-Mar-2016 11:32:34 / by Graham Cobb posted in Financial Services

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Financial Services organisations continue to struggle to regain the previous levels of profitability, being hamstrung by the slow pace of economic recovery, low interest rates, and regulators attacking their traditional fee income streams by driving increased competition in the market through vehicles such as PSD2, and demands that banks sell their dominant interests in areas such as Vocalink. To control costs many continue to look to retrench their business, divesting parts, shrinking others and tackling their internal cost base aggressively, but such cost focus is short term in nature and merely bring a breathing space which competition will exploit.

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