FINANCE: Lewisham Healthcare has reported a £419,000 shortfall on its savings programme for the first two months of the financial year.
The acute trust’s July finance report said: “Performance against the cost improvement programme is not good. The trust achieved £1.27m against a phased plan of £1.6m, a shortfall of £419,000.
The same report said income was £239,000 ahead of plan for month two (May). It added that the trust had applied its CIP contingency, which reduced the impact to £266,000.
The report said: “This shortfall is largely in line with the current draft financial plan, which indicates a potential income shortfall of approximately £3m.”
Lewisham Healthcare Trust (see attached, right)