FINANCE: The south London acute faces a disinvestment worth £16m due to the local commissioning cluster’s quality, innovation, productivity and prevention (QIPP) plans up to 2015.
The figures in the cluster’s board papers for May showed an investment of £3.5m in 2010-11, but totals coming out of the trust of more than £5m a year for 2011-12 and 2012-13.
The annual amounts lost fall to just over £2m in 2013-14 and 2014-15.
The most recent turnover figures for the trust is £222m a year but the organisation took over the community arm of Lewisham primary care trust in April.
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Cluster papers, page 319 (see file attached, right)