FINANCE: United Lincolnshire Hospitals “significantly” missed a savings target last year, according to board minutes.
Minutes of the trust’s May board meeting discussed the 2010-11 financial plan. It said: “The cost improvement programme was significantly below plan, the outturn was £5.3m cash releasing out of £18.3m.”
The trust had an income and expenditure deficit of £14.2m for the year.
May 2011
FINANCE: A hospital trust has sold half of its beds to a Dutch company for half a million pounds and is leasing them back, HSJ has discovered.
Nearly two thirds of the money raised from NHS land sales last year was diverted into day to day spending budgets, despite a government commitment for the proceeds to be reinvested into new estates’ projects.
Fit and proper person regulations are increasingly being used “merely as a sword against managers”, according to the head of the Managers in Partnership trade union.
A Lincolnshire trust is predicting it will spend £32m on agency staff by the end of the year due to a high vacancy rate and staff turnover.
A trust forecasting a £75m deficit this year has warned capital projects, including bolstering cybersecurity, could be delayed by a £5.1m shortfall in its fire safety funding.
A trust facing a deficit of £75.2m has appointed external consultants as it faces what its deputy chief executive called “one of the biggest financial challenges in the NHS”.
No comments yet