'Challenging' savings plan for NHS Portsmouth

A report to the board states the requirement is “particularly challenging as it is more than three times the requirement in 2010-11”.

An risk assessment of the savings plan identified a potential risk that £6m of the savings could not be delivered in year. Of this £3.8m came from the £8.9m savings planned from activity reduction at Portsmouth Hospitals judged to be too high by NHS South Central. It has now been reduced to £5.1m.

The PCT’s financial plan states: “The efficiency built into the tariff of 4 per cent for 2011-12 and beyond, plus the requirement of the QIPP and Reform Plan, places the south east Hampshire health system under increasing pressure to achieve financial balance.

“The Portsmouth health system in isolation of NHS Hampshire is required to save circa £78m by 2014-15, which is on top of £4m achieved in 2010-11.”