John Denning, Chairman, said: “Trusts across the country have faced an increasingly challenging outlook as agency costs soared and demand reached unprecedented levels, and Royal Surrey is not alone in finding itself in deficit.
“We have been working with NHS Improvement over the last few months, and are seeing significant progress against our turnaround plan, which is being supported by highly experienced Turnaround Director, Steve Leivers.
“In the early autumn, we will welcome our new Chief Executive Paula Head, joining recently appointed Interim Finance Director, Ross Dunworth and two new Non-Executive Directors who bring with them a wealth of knowledge and experience to our Board.
“Paula will be an excellent addition to our senior leadership team boasting a great strategic awareness and shrewd understanding of the complex challenges facing the NHS in both the short and long terms.
“Ross has previously worked in Trusts undergoing turnaround processes and this experience will be invaluable to Royal Surrey over the coming months.
“I want to assure all our patients that the work to improve our finances will not in any way affect the day-to-day running of the hospital and patient safety remains paramount.
NHS Improvement also agreed a set of actions to help the Trust in meeting its 4-hour A&E waiting time and some referral for cancer services.
Dr Christopher Tibbs, Medical Director, said: “Our staff continue to work tirelessly to achieve the best outcomes for patients and to deliver an excellent experience for the thousands of people we treat each week.
“We have already introduced measures to improve the flow of patients through the hospital. In particular we are focusing on referral for cancer services and the movement of patients through our emergency department. We recognise though, that there is still a lot of work to do.”
“The Trust will continue to be looking for ways to work more efficiently and cost effectively. Be assured, every cost saving initiative will be rigorously scrutinised to ensure that it does not pose any adverse impact to patient safety or the quality of care we deliver.”
The Trust will keep its members, patients and staff updated on its progress to return its organisation to one of financial and operational stability.