FINANCE: Newcastle upon Tyne Hospitals Foundation Trust had made a surplus of £23.3m at the end of January – £13.7m ahead of plan.
The trust was reporting a financial risk rating of 4.5 against Monitor’s criteria.
Overall the trust’s income at £738m was marginally behind plan but total expenditure was £15m less than planned – due to vacancies, slippage on developments and non-recurrent release of balance sheet provision.
March 2013
What NHS England isn’t telling you, and more indispensable insight for commissioners. This week by HSJ commissioning correspondent Sharon Brennan.
The NHS has been warned of “crippling” finance charges from its PFI contracts over the next decade, when aggregate repayments on the deals will reach their peak.
A trust has been taken out of financial special measures after over two years – because it has reduced its underlying deficit by £15m and is making progress on efficiency and productivity savings.
Dame Jackie Daniel has been appointed as chief executive of Newcastle upon Tyne Hospitals Foundation Trust, it was announced today.
A headhunting company has been hired to find a new leader for one of the country’s largest teaching hospitals after its previous chief executive was sacked.
The deadline for disgraced former trust chief executive Sir Leonard Fenwick to launch an employment tribunal against his former employer has expired, HSJ understands.
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