Health minister Lord Philip Hunt said the success followed the creation of a new Directorate of Counter Fraud Services in September 1998 and has already seen tens of millions of pounds saved.
Lord Hunt said: ‘This is only the start. We will now redouble our efforts to counter all fraud against the NHS. The more we can protect the public money invested in the NHS the easier it will be to keep the public healthy.’
The cut in losses was identified by a new fraud measurement process which, by the spring, will have been applied to each area of the NHS’s budget.The £36m saving follows an investment of just £4m and close work with pharmacists to implement effective checks.
There are now eight counter-fraud teams covering the NHS plus a national team and two teams for dental and pharmaceutical fraud.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union