Peterborough and Stamford Hospitals Trust has bene ordered to make cost savings of £13 million over the next year.
The decision`s among a number of measures agreed with the health regulator Monitor after concerns about long Accident and Emergency waiting times and the Trust’s long-term finances.
As well as being ordered to reduce its overall deficit, the organisation must also now develop and implement a long-term strategic plan as well as financial plans for the next two years and come up with an action plan for A and E.
Monitor says there has been significant progress but it needs to demonstrate it can consistently meet the national target of treating 95% of A&E patients within 4 hours and sort out spending.
David Dean, Senior Enforcement Director at Monitor, told Connect FM:
“Peterborough and Stamford has a significant amount of work to do to secure its financial sustainability and consistently provide patients with timely A&E care.
“The trust has already shown it is capable of making considerable improvement, so our action aims to help it sustain this progress. However, the emphasis is on the trust to make sure it is doing all it can to provide quality care in as effective and efficient manner as possible.”
The regulator will closely monitor the trust s progress in making these improvements.