- Financial turnaround director sent into Norfolk and Norwich University Hospitals
- Director will help develop short term recovery plan and help implement the plan
- Move is part of new NHS Improvement financial improvement programme
- Trust forecasting a £14.4m deficit for 2015-16 as of March
APPOINTMENT: NHS Improvement has sent in a financial turnaround director to Norfolk and Norwich University Hospitals Foundation Trust as part of a package of recovery measures.
The regulator said last week the director will help the trust develop and implement “a short term financial recovery plan; and a plan to improve its finances in the longer term”.
A NHS Improvement statement said the trust had volunteered to take part in its new financial improvement programme, which is designed to help trusts develop “the skills, capacity and capability to make immediate significant savings as well as longer term savings”.
Appointing an expert to help develop a “robust financial recovery plan [and] oversee the delivery of its improvements” was one of the first steps required by trusts on the programme, the statement said.
The trust, which has around 1,200 beds, faces significant demand pressures and has not hit the 18 week waiting time target since September 2014.
The trust has was forecasting a £14.4m deficit for 2015-16 as of March, around 3 per cent of its £547m forecast turnover, according to its most recent finance report.
The trust was rated “requires improvement” by the Care Quality Commission in March in light of its performance issues and cultural problems. It has recently overhauled its management team.
20 May 2016