30 March 2005
30 March 2005
NHS Shared Business Services Joint Venture between Xansa and Department of
Health to commence on 1 April 2005 with 47 NHS organisations
Xansa, the outsourcing and technology company is pleased to announce that the
Joint Venture (JV) established with the Department of Health (DH) will commence
on 1 April 2005. Since the announcement of the formation of the JV on 22
November 2004, 11 new organisations have already signed up, making a total of 47
organisations being serviced. Today, 30 March 2005, Sir Nigel Crisp, Chief
Executive of the NHS, will be visiting Leeds to launch the JV, to be known as
NHS Shared Business Services (NHS SBS).
In a ground breaking initiative, the 50:50 JV, the first ever established
between the private sector and the DH, will provide Finance and Accounting (F&A)
services to NHS organisations. The JV will offer NHS organisations the benefits
of guaranteed cost savings, reduced capital expenditure and "best in class"
services, whilst enabling some £224m to be reinvested into front line patient
care - equivalent to the annual salaries of 3,000 GPs or 12,000 nurses. It is
seen by the DH as a key component in its response to the Efficiency Review by
Sir Peter Gershon.
Around 230 staff based in the existing Shared Financial Services Centres in
Leeds and Bristol will transfer to Xansa on 1 April 2005. The software to run
financial transaction processing and e-commerce for the NHS will be provided by
Oracle, the world's largest enterprise software company. Under the Joint Venture
agreement, Oracle Financials 11i will be available to all NHS Trusts.
Currently, NHS SBS is in active discussion with a number of the 28 Strategic
Health Authorities, which represent around 560 NHS organisations, for the
transfer of the majority of their financial transaction processing to NHS SBS.
Additionally, NHS SBS is in discussions for the transfer of payroll services
and, if successful, this would allow NHS SBS to offer managed payroll services
in addition to F&A services.
Commenting on the announcement, Richard Douglas, Director of Finance and
Investment, Department of Health said
"NHS Shared Business Services is all about freeing up funds for frontline care.
We're determined to ensure that NHS money is spent doing more of what we are
here for - providing services to our patients. Essential though effective
administration is to any business, we want the focus of our funding and
expertise to be on frontline care. That's why I'm particularly pleased with
this joint venture with Xansa - the Department of Health is demonstrating its
commitment to modernising finance operations while also diverting money to
Commenting on the announcement, Alistair Cox, Chief Executive, Xansa said
"NHS Shared Business Services is an example of how the public and private
sectors can work together to free up resources for vital frontline services. We
are able to supply NHS organisations with support on a wide variety of expert
financial services. Xansa is committed to increasing the amount of work we do
with public sector bodies so that they can generate real cash savings and do
more to meet the needs of the people they serve."
Steve Stratton Lee Bailey
Investor Relations Director, Xansa Press Office, Department of Health
Tel : +44 (0) 8702 416181 Tel +44 (0)20 7210 5010
Email : firstname.lastname@example.org
Giles Sanderson, James Melville-Ross Sally Robins
Financial Dynamics Marketing Director, NHS SBS
Tel : +44 (0)20 7831 3113 Tel : +44 (0) 8702 416181
Email : email@example.com
About Department of Health
A full description of the DH, including its aims, objectives and major
initiatives can be found at www.dh.gov.uk
Xansa is an outsourcing and technology company. Committed to delivering
guaranteed business outcomes through a combination of technology and process
expertise, Xansa gives its clients the freedom to do more with their business.
Strong relationships, commercial innovation and an integrated Indian delivery
capability ensure that Xansa drive real and long-term cost reductions,
performance improvements and new ways of working tailored to each client. The
services Xansa provide are Business and Technology Consulting, IT
Implementation, IT Outsourcing and Business Process Outsourcing. Based in
Reading, Berkshire, Xansa is listed on the London Stock Exchange (LSE:XAN) and
has over 6400 people in the UK and India.
This information is provided by RNS
The company news service from the London Stock Exchange