Red finance rating for Coventry and Warwickshire Trust

The rating was given as part of the Midlands and East strategic health authority cluster’s provider management regime.

September board papers say the current position is consistent with the trust’s plan for this point in the year. “The trust continues to forecast an FRR 3 by the end of the financial year, with the improvement being achieved by delivery of the forecast surplus position.”

The trust had an unplanned decrease to its EBITDA margin, and reported a quarter end cash balance of less than ten days of operating expenses.

The trust had a green risk rating for governance, despite concerns around its rate of C difficile, reporting 31 infections for the year to August against a target of 30.