This story was first published in digitalhealth.net
Three trusts to enter financial special measures
NHS Improvement has announced that St George’s University Hospital NHS Foundation Trust; North Lincolnshire and Goole NHS Foundation Trust; and University Hospitals of North Midlands NHS Trust are being put into financial special measures to help them meet their savings plans.
According to NHS Improvement, the trusts haven't kept up with their agreed control totals and are forecasting a combined deficit of £145 million.
Each trust will receive a package of support designed to achieve rapid financial improvement, while maintaining or improving their quality. The trusts will also agree a recovery plan with the regulator and receive support from a Financial Improvement Director.
Jim Mackey, chief executive, NHS Improvement, said: “We know patient demand is high and that these are difficult times for the NHS, which is why it is even more important that NHS trusts keep a strong grip on their finances. We know that trusts meeting their financial plans also provide better quality services to patients.
“Financial special measures has already saved the NHS around £100 million in 2016/17. The three trusts being put into financial special measures are not on course to meet their savings targets and financial special measures will be an effective way of supporting them to significantly improve.”
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