FINANCE: Whittington Health Trust has agreed a two-year block contract deal with commissioners

The report from the chief executive of the north London trust said: “The trust has agreed with commissioners a target recurrent exit value at the end of 2013-14 of £212m, down from last year’s outturn of £221m.”

The report from Dr Yi Mien Koh said: “Our contract with North Central London [cluster of primary care trusts] consists of a two-year deal with transitional support of £3m in 2012-13 and £5m in 2013-14.

“This arrangement provides income stability to the trust as we embark on clinical transformations to increase out of hospital care provision. A joint transformation board has been created in partnership with clinical commissioning groups to oversee the delivery of transformational plans.”