FINANCE: London’s non-foundation trusts made 85 per cent of their savings targets at month four, £16.3m lower than planned.
The trusts had aimed to save £108.8m by that point in the year.
The lowest-achieving three trusts, Newham, Barking, Havering and Redbridge and Barts and the London had made 32, 55 and 61 per cent of their targets respectively.
Lewisham Healthcare and the Royal Narional Orthopaedic Hospital had both overachieved on CIPs, achieving 116 and 123 per cent of their targets respectively.
Imperial’s forecast savings for the year had slipped badly, with the organisation now predicting savings of £45m, down from £65m at the start of the year.
SHA finance paper (see attached, right)