Business efficiency and future opportunity
3 years ago Yeovil, Musgrove Park Hospital at Taunton and iPP, an independent pathology and diagnostics company, came together to create a joint venture newco called Southwest Pathology Services. Most hospitals did, and still do manage their own pathology tests in house, but iPP provided a service in their bespoke pathology lab in Taunton that saw 90% of Yeovil and Taunton tests moving out of the hospital at a more efficient cost to each Trust. As shareholders in SPS not only does each Trust benefit from any returns made, but more importantly have also created a vehicle that is now actively seeking new business in the South West to both primary and secondary care organisations.
