pooled budget

pooled budget

An aggregation of balances (assets and liabilities) which belong to the pooled budget partners rather than to an entity in its own right. The funding for pooled budgets comes from health authorities, primary care trusts and local authorities to meet the needs of a specific group (e.g. older people). Pooled budgets were introduced under the Health Act 1999.
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References in periodicals archive ?
The project will cost up to PS5m, with the money coming from a capital grant and the Better Care Fund, which is a pooled budget between the council and the NHS.
In addition, instead of the whole PS3.5 billion Better Care Fund - a single pooled budget to incentivise the NHS and local councils to work more collaboratively - SP should properly include only the estimated PS2 billion spent by local government.
ON JUNE 26 the Chancellor of the Exchequer George Osborne announced that the NHS budget would be 110bn [pounds sterling], with the positive introduction of a 3.8bn [pounds sterling] pooled budget for the integration of health and social care services.
Lifeline is funded by a pooled budget managed by NHS Kirklees in partnership with Kirklees Council, West Yorkshire Police and the Probation Service.
The Implementing Community Budgets Conference is specifically tailored to provide guidance for both existing and newly-created areas in order to facilitate your locality's ongoing redesign of public service delivery using a singular pooled budget.
We set up the Domestic Violence Reduction Partnership and it was agreed that a co-ordinator should be employed through a pooled budget. They would develop a joint strategy.
The council hopes to place the funds in a pooled budget, administered by an NHS trust but jointly controlled by the authority and the hospitals.
In Wales we have pooled budgets, making partnership working more viable, and it's vitally important that Social Care Wales is now given the same authority afforded to the NHS so that social care is no longer seen as the second class citizen and rather a realistic part of the solution to many of the problems currently confronting the health service.