What we're doing to support the trust
The appointment of the financial turnaround director is one of a number of actions agreed between us and the trust. Other actions include:
- developing and implementing a short-term financial recovery plan
- creating a plan to improve its finances in the longer term
The turnaround director will advise the trust on how to implement these recovery plans and we'll work closely with the trust to support it to make the necessary changes quickly.
The trust has also volunteered and been selected as one of a number of NHS organisations to take part in the Financial Improvement Programme, designed to help trusts develop the skills, capacity and capability to make immediate significant savings as well as longer term savings.
We'll work closely with the trust to help it get its finances back on track and improve the way it is run so it can continue to deliver quality care to patients.
The financial turnaround director will provide expert advice and guidance to the trust and steer its progress
in the Financial Improvement Programme. This additional support will help the
trust pick up the pace of these improvements.
We will continue to support the trust to reduce waiting times for patients.