FINANCE: NHS South East Essex had a surplus of £634,000 at the end on month nine and is predicting a surplus for the year of £850,000.

Board papers show a key risk to this is not making as much QIPP savings as anticipated - currently the PCT is forecasting £12.3m of savings out of £22.1m potential savings originally identified.

This is a 56 per cent yield but schemes specifically around Southend Hospital are only being factored in a rate of 40 per cent which the PCT says is a ‘pragmatic assumption/’ The PCT is currently £3m overspent on services at the hospital

Source

Board papers

Source date

January

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