FINANCE: A plan to save £281,000 through bed reconfiguration and ward closures had actually cost the foundation £393,000 by the end of January, its finance report shows.
The report, released to HSJ under the Freedom of Information Act, shows that Mid Cheshire had expected to save £127,000 through bed reconfiguration by that point in the year.
It also forecast that this element of its Cost Improvement Programme, which it had planned would save £281,000 in 2010-11, would actually make a £251,000 loss for the year.
The report said: “Following review of the impact of the Bed Reconfiguration project and analysis of current and revised budgets, it has been necessary to reduce the expected level of budget savings as a result of ward closures and moves.
“This has been offset by the positive settlement of the 2010-11 contract and additionally identification of further schemes, most notably in Surgery around additional income… of £650k.”
March Performance Report