FINANCE: The PCT cluster in Norfolk and Waveney is still predicting a £2m surplus for this year - but only by utilising all its contingency funds.
Overspends on acute care and continuing care, together with slippage on QIPP schemes, are seen as the major risks to this,
NHS Great Yarmouth and Waveney has had to budget an additional £7m for continuing care this year, while NHS Norfolk is overspent by £12.3m against plan on acute commissioning - including £7.4m at Norfolk and Norwich University Hospitals Foundation Trust and £5.3m at the Queen Elizabeth Hospital King’s Lynn Foundation Trust.
A report to this week’s board meeting shows that NHS Norfolk will make full use of £19m in reserves and NHS Great Yarmouth and Waveney will use the balance of £6.3m in contingency reserves and other reserves of £2.8m.
Source: financial report, January cluster board meeting