St Mary's Hospital Isle of Wight Day Sunny

GOOD NEWS AS ISLE OF WIGHT NHS TRUST NOW OUT OF FINANCIAL SPECIAL MEASURES

The Isle of Wight NHS Trust is now out of financial special measures, it has been confirmed.

The Trust was placed into special measures in 2019, due to an increased deficit of £13million and ongoing financial underperformance.

It led to health bosses at St Mary’s Hospital receiving support from other NHS bodies and a financial improvement director appointed.

Article continues below this advertisement

NHS England and NHS Improvement have now recognised the progress made by the Trust and decided to remove it from financial special measures.

It comes as the Trust has broken even for the past 2 financial years, as well as improving services. It also has also had more than £90million worth of debt written off by the Government, in a financial reset, to help NHS trusts cope during the height of the COVID pandemic.

The Isle of Wight NHS Trust’s director of finance, Jo Gooch, said she was pleased with the news, especially following the recognition from the Care Quality Commission that the trust was now ‘good’. She said:

“The quality of care we provide and how well our finances are managed go hand in hand.”

Ms Gooch said the Trust’s strategy sets out how they aim to achieve high-quality, compassionate care and make sure the services the Island relies on are sustainable.

Article continues below this advertisement

A concern has been raised, however, about a potential £22.5million deficit the Trust faces at the end of this financial year. It is based on a plan the trust made, responding to current pressures in the hospital, but as the country starts to come out of the COVID pandemic, NHS funding is reducing.

Speaking at the Trust board meeting last week, Ms Gooch said the level of capacity planned for is greater than the funding would allow, so the plan would be reassessed in the coming weeks to try and reduce the deficit.

Interim chief executive, Darren Cattell, said the Trust must be mindful it needs to return to efficiency and productivity as it goes forward while maintaining quality improvements.

Don’t miss another story! Get the Island’s latest news delivered straight to your inbox. Sign up to our daily newsletter here.

Article continues below this advertisement

The views/opinions expressed in these comments are solely those of the author and do not represent those of Island Echo. House rules on commenting must be followed at all times.
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Old school.
Old school.
1 month ago

So, getting on for 3 years wait, does this mean my wife will finally get that desperately needed operation? Or will they keep finding excuses??

Sir Digby Chicken Caesar
Sir Digby Chicken Caesar
1 month ago

It will soon be in special measures again as they have just taken on 10 executive managers, and guess what, nobody know what they actually do there. You couldn’t make it up.

 

Join our daily newsletter

News, Traffic & Travel Tweets