FINANCE: Tees, Esk and Wear Valleys NHS Foundation Trust exceeded its plans to record a net operating surplus of £6.5m during 2010-11.
It is about £750,000 more than planned. A board report said it was, “mainly due to vacancies”.
The surplus gives the trust a financial risk rating assessed at 4.5 for 2010-11 - also ahead of plan. The performance reflects an EBITDA margin of 10.9 per cent.
The trust’s cash-releasing efficiency savings were also £446,000 more than planned in the year.
A hospital trust is facing a much larger deficit than planned, because £14m income due from NHS England will not be paid in this financial year.
Staff at NHS England and NHS Improvement have raised concerns that the new structure of their organisations will comprise too many senior managers, HSJ can reveal.
The chief executive of one of England’s top mental health trusts is retiring this summer.
An attempt by a large mental health trust to terminate its private finance initiative contract due to building defects at its main hospital has resulted in a legal dispute over money it is owed, HSJ has learned.
Mental health services in York have transferred to a new provider as planned, after the sudden closure of a psychiatric hospital threatened to delay the process.
PERFORMANCE: Tees, Esk and Wear Valleys Foundation Trust missed failed to hit its targets for patients waiting no more than four weeks for an appointment each month from April to October 2013.
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