FINANCE: Avon and Wiltshire Mental Health Partnership Trust has lost out on £166,000 after failing to meet the full requirements of a commissioning for quality and innovation (CQUIN) target.
The trust, which provides specialist mental health services across Bath and North East Somerset, Bristol, North Somerset, South Gloucestershire, Swindon and Wiltshire, had to achieve a sickness absence rate of 4.8 per cent during quarter four (January to March) to release the full amount.
The trust had budgeted to receive half the money available, equivalent to about £1.2m. Instead the trust will receive just over £1m.
Failure to release the full income available through the CQUIN had been identified as a risk to the trust’s financial position along with overspend on medical staffing, failure to achieve the cost reduction plan and contract penalties.
The trust achieved 100 per cent of its £6.2m savings plan. However, it overspent on medical staffing by about £1.8m and incurred contract penalties of £2.1m. The trust finished the year with actual surplus of £544,000 against a budgeted surplus of £600,000.
27 April 2011