NHS Trusts have a statutory obligation to achieve financial
balance year on year. Foundation Trusts have a more rigorous target
of achieving a surplus. HLSP can help Trusts address these issues
in a sensible way, and ensure Trusts achieve their financial
targets.
Achieving financial stability is becoming increasing difficult.
Competing demands for scarce resources, the requirement to meet
national targets, the added risks posed by Patient Choice and
Payment by Results and the introduction of initiatives such as
Agenda for Change and the EPR have generated successively greater
challenges.
Simultaneously, the demands on NHS Trusts to deliver efficiencies
have never been greater: more transparency in accounting processes
and the stringent, quasi-commercial requirements of Monitor have
combined with intense media and political attention to exacerbate
the pressures on finance and operational teams.
We have experience of delivering savings in Acute and Mental Health
Trusts over the last 5 years, reducing operating costs by up to 6%
of total Trust revenue. Our experts work with Trust staff to scope
and identify savings plans. Most importantly, we then remain
actively involved to actually deliver the savings on their behalf.
