FINANCE: Basildon and Thurrock University Hospitals Foundation Trust started the new financial year with an in-month loss in April.
The trust was £0.7m in deficit at the end of the month - reflecting the low number of “normal” working days in the month - and is forecasting a full year surplus of just £200,000.
Pay costs were £500,000 higher than in April last year and the cost improvement plan was £400,000 behind plan.
This has meant the trust has a Monitor financial risk rating of two, although it hopes to improve this to three during the course of the year.
Source
Source date
May 2012
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