NHS Finance Award

Recognising a Hospital Trust which has developed prudent financial practices, representing good value for the taxpayer.

2019 Winner

Western Sussex Hospitals NHS Foundation Trust
Western Sussex Hospitals NHS Foundation Trust’s recent CQC report rated the Trust as Outstanding. The Use of Resources Assessment noted: ‘The trust had a track record in delivering recurrent savings, supported by its ‘Patient First’ programme and robust assurance and governance processes’. At the time of the assessment, the trust was on track to deliver its 2019/20 planned surplus and control total. The trust used service line reporting to manage its divisions’ financial position, did not rely on revenue cash support and had invested internally generated cash into its capital programme. Since March 2016, the trust’s board was also managing Brighton & Sussex University Hospitals NHS Trust (BSUH) which at that time was in special measures for quality and finance. Under this management, BSUH had moved out of special measures for both quality and finance.

NHS Finance Award 2019 Winner: Western Sussex Hospitals NHS Foundation Trust

Commended

Medway NHS Foundation Trust
NHS Shared Business Services


2016 Winner

Bolton NHS Foundation Trust

NHS Finance Award 2016 Winner: Bolton NHS Foundation Trust

As a pilot site for the Carter review of efficiency and productivity, the finance team at Bolton has overhauled its operations and recorded a much improved performance, emerging from financial adversity to record a surplus in just one year. Despite facing huge pressures the team made drastic improvements to the financial reporting schedule. A successful cash management improvement project exceeded expectations.

Commended

Nottingham University Hospitals NHS Trust
Liverpool Clinical Commissioning Group
South Tees Hospitals NHS Foundation Trust
NHS Arden & Greater East Midlands Commissioning Support Unit


2015 Winner

Bolton NHS Foundation Trust


Failing on performance targets and with a huge debt. 2012 saw the winning Trust in breach of its authorisation. The Board has driven through a number of changes to ensure robust governance, and its chieft executive became the first to successfully bring a Foundation Trust out of financial breach. Under her leadership, it finished the 2014/15 financial year with twenty percent higher than planned cash balance

2015 Commended

NHS Leeds West Clinical Commissioning Group
Royal Free London NHS Foundation Trust
University Hospitals Coventry and Warwickshire NHS Trust