Provider Transformation
We recovered the financial plan in year 1, from £27m adverse, delivering additional £10m expenditure savings and year-end control total.
Background
A two-site Acute Healthcare Provider with circa £350m annual turnover.
The Trust was forecasting a £27m deficit in year - Kingsgate were engaged to recover the position in-year one and plan for year two.
How We Helped
Reviewed Trust in year financial position including rapid assessment of the existing savings plan and other opportunities.
Developed run rate improvement plans to quickly deliver improvement in the year end position.
Improved controls, governance and accountability for the delivery of operational and financial plans.
Supported the annual plan process, including negotiations with commissioners and cost improvement plan development for the following year through to Board approval.
Provided expert support in clinical administration, job planning and capacity and demand modelling, estates and facilities strategy and management, and 18-week RTT delivery.
Results
Recovered financial plan in year one from £27m adverse, delivering additional £10m expenditure savings and year end control total.
Reduced nurse agency by 75% over 6 months
Removed premium payments of £500k per month
Delivered £20.5m CIP year two
Pipeline of further opportunities worked up with the Trust to support future delivery
Developed an accountability framework which developed over time to match the ongoing maturity of the organisation
Delivery of RTT improvement trajectories to deliver national targets
Implemented revised job planning policy and process aligned to demand
