Sixteen trusts have been selected, after 80 volunteered, to join our Financial Improvement Programme. The programme could find around £50 million of savings in its first year.
We'll support trusts to tackle the more difficult savings that previous cost improvement programmes have been unable to reach. The programme will also share innovative approaches, tools and lessons learnt with the rest of the NHS.
The programme will protect patient care and services, we also anticipate that both patients and taxpayers will benefit from the financial stability created across the 16 providers.
The selected providers will bring in teams of experts - jointly selected by the trust and us - who will offer skills and experience to build on existing financial improvement measures. The appointed experts will be paid partly according to the savings they make.
The programme is likely to cost around £25 million and will save the NHS around £50 million in the first year alone.
Why we created the programme
The Carter Review into unwarranted variation in the NHS identified a number of productivity and financial opportunities, which could help to save tens of millions of pounds.
The 16 trusts were chosen on the basis of where we think intensive support will have the most impact.
We'll share the lessons learnt and any good practice emerging from the programme through events, webinars and regional meetings. More NHS providers will be brought in to the programme as part of a second wave later in the year.
The selected trusts
The full list of trusts in the programme are:
- Barnet, Enfield, and Haringey Mental Health NHS Trust
- Bedford Hospital NHS Trust
- Brighton and Sussex University Hospitals NHS Trust
- Central Manchester University Hospitals NHS Foundation Trust
- Doncaster and Bassetlaw Hospitals NHS Foundation Trust
- East Midlands Ambulance Service NHS Trust
- Imperial College Healthcare NHS Trust
- Maidstone And Tunbridge Wells NHS Trust
- Mid Yorkshire Hospitals NHS Trust
- Milton Keynes Hospital NHS Foundation Trust
- Norfolk and Norwich University Hospitals NHS Foundation Trust
- Royal Liverpool and Broadgreen University Hospitals NHS Trust
- Southend University Hospital NHS Foundation Trust
- Stockport NHS Foundation Trust
- Taunton and Somerset NHS Foundation Trust
- University Hospital of South Manchester NHS Foundation Trust