FINANCE: Oxford University Hospitals Trust exceeded planned levels of activity by 3.7 per cent in 2011-12, costing the local health economy £26.6m more than expected.
The trust’s total income for the year was £642.8m. Board papers reveal that “additional funds were received in March from a variety of commissioners to settle the year end position”, worth £10.1m.
This was on top of an extra £10.7m paid by NHS Buckinghamshire and Oxfordshire cluster. Income from specialised commissioning, Northamptonshire Primary Care Trust and Milton Keynes PCT also exceeded expectation, although there was a modest shortfall in revenue from Berkshire West PCT.
Oxfordshire PCT had reported in March it had overspent with the trust by more than £23m in the first 10 months of 2011-12.
Board papers revealed the commissioner overspent on its Oxford Radcliffe Trust contract by £21.5m, and by £1.6m on its contract with the Nuffield Orthopaedic Centre. The trusts merged to form Oxford University Hospitals Trust during 2011.
The trust found £57.2m of cost improvement savings – £1.2m below plan. Workforce efficiencies were over £4m short, “general divisional efficiencies” were £7.5m better than expected, at £20m.