FINANCE: Salisbury Foundation Trust has contracted with a consultancy firm to identify schemes to help achieve its £9.6m of cost improvements.
A report to October’s board said the trust was planning achieve £2m of this through income generation and £7.6m through expenditure reduction at the end of August the trust had achieved £2.6m of savings against a target of £3.6m. The report said 53 per cent of savings achieved so far were recurrent which was “too low”.
It continued: “There is about £3m of the savings target that continues to require more detailed work plans. The trust has contracted with a consultancy company called Newton to help identify schemes to achieve this figure… Some of the gap will be mitigated by contributions from excess activity (compared with contract) if the current levels continue.”