FINANCE: The Royal Berkshire Hospital Foundation Trust is facing a cost improvement plan target of £12.5m for 2012-13, and has developed plans to save £13.6m.

The trust saved £18.2m against a target of £21.3m in 2011-12. The remaining £3m was carried forward to 2012-13.

Board papers for April, released to HSJ under the Freedom of Information Act, said: “Corporate teams and Care Groups are currently working up the detailed project plans… the aim is to identify savings of circa £16m this year, to provide contingency and assurance of achieving the £12.5m target.

“Reporting on the new CIPs will begin from next month and will also include income generation projects in addition to CIPs.”

In quarter one the savings target is £2.7m and the trust is currently expecting to deliver this.

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Source

Board papers (attached, right)

Source date

April 2012

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