FINANCE: Imperial College Healthcare Trust is planning a deficit of £52m for this financial year, board papers reveal.
The central London teaching hospital trust’s deficit plan depends on making £46m in savings over the course of 2016-17.
A report to the board’s most recent meeting: “A further £34.3m of [saving plans] would have been required for us to be eligible for our allocation of £24.1m from the central sustainability and transformation fund.”
The deficit in 2015-16 was £54m, which the trust put down to: “Below plan NHS income, increased levels of fines and commissioner challenges, significantly less growth than expected in our private health division and above plan medical staffing costs.”
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Trust board papers