Kingsgate was brought in to this Multi-site Trust as there was a £19.5m deficit. The Trust was already efficient with 108% to 94% of national average in three years. It was funded by lowest funded PCT in England.
Phase 1 – Matrix approach
The Kingsgate team adopted a matrix-style approach to achieve grip over the organisation at various levels as well as ensuring accountability of all key functions for delivery of the turnaround plan. This was achieved through:
Phase 2 – Major productivity drive
To deliver such an ambitious and large-scale plan, we embarked on a significant and large-scale productivity drive, the success of which was crucial to the overall achievement of the CIP target and wider turnaround of the Trust. Broadly, this involved:
Cost savings over-achieved vs budget – £33m achieved with a full year effect of £44m.
Other significant achievements as follows: