FINANCE: Oxford Health NHS Foundation Trust made efficiency savings of £5.5m in 2010-11, 89.1 per cent of its cost improvement plan target – however more than a third of that total came from non-recurrent savings.
The trust’s 2010-11 finance report, released to HSJ under the Freedom of Information Act, shows that £2.3m of the savings came from “mitigation” measures.
The report says a seven-month delay in the implementation of a plan to transform community mental health services resulted in a £673,000 slippage against plan.
The trust finished the year with a £4.7m surplus, £600,000 better than plan.
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Finance report (attached, right)