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PULSE, a leading provider of healthcare staffing and services, today announced that their bank management division PULSEBank, is one of only six companies that has been awarded a place on the NHS Managed Service Staff Bank Framework.
Using custom-built bank technology, PULSEBank will offer each Trust a dedicated bank team delivering guaranteed bank fill rates, reduced agency spend and ensure that only competent and qualified staff treat patients. The contract will run for a period of three years.
During the selection process, PULSEBank was assessed on its capability to meet NHS standards, capacity to deliver and track record, including customer references.
Commenting on the contract, Richard MacMillan, CEO of PULSE said: Workforce optimisation and flexible working practices have a central role to play in helping Trusts deliver the ambitious NHS savings targets. Innovative bank solutions not only reduce costs but also enable organisations to increase productivity by better matching resources to changing demand.
One example is University College London Hospitals NHS Foundation Trust. PULSEBank won the contract in 2008.  During this time we estimate we have saved the Trust more than 2 million and we project that we will have saved the Trust nearly 3 million by the end of 2010 in total - money which can be ploughed back into frontline care.  Were looking forward to achieving similar results with other Trusts as a result of this award.
Steve Twelftree, director at PULSEBank added: The framework is great news for NHS Trusts. For too long the bank market has been restricted to a subsidised NHS Professionals - this contract opens it up to fair competition. Its an ideal opportunity for Trusts to look at best practice, benchmark performance, and check that their bank is delivering maximum savings.
The news comes soon after Leanne Cutmore, Senior Contract and Implementation manager for PULSEs Staffbank contract at Epsom and St Helier University Hospital NHS Trust, became the first non NHS employee to be awarded the 2010 Service Improvement and Savings Plan award for the successful implementation of new bank services across the Trust.


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