FINANCE: Pennine Acute Hospitals recorded a deficit of £970,000 for the first month of 2013-14, against a planned deficit of £450,000, the trust’s latest performance report shows.
The trust’s April financial performance against plan was marked “red” in the report, meaning the indicator had been missed “by a significant margin”.
Its progress on delivery of quality, innovation, productivity and prevention (QIPP) savings was also marked red. The report stated: “The Trust has identified [cost improvement programme savings] with low or no risk [to] delivery with an annual value of £7.942m. The CIP programme is currently under review and the Trust expects to achieve £31.917m for the year.”
30 May 2013