FINANCE: Peterborough and Stamford Hospitals Foundation Trust is reducing its forecast deficit from over £54m to £52.5m - and has pushed back the date when it is likely to need external funding to December.
The trust’s deficit after the first four months of the financial year is £14.6m - £3.3m less than expected. This reflects higher than expected income from some of its main commissioners.
But this extra income is impacting on the commissioners, with NHS Lincolnshire (£1.7m overspent) asking for an escalation meeting and warning it may not be able to pay for continued overspending, and NHS Cambridgeshire and Peterborough already talking with the trust about over performance.
The trust is also facing significant cost pressures due to medical locum spending, This is likely to be increased as the local deanery has been unable to supply enough junior doctors to fill the trainee rotas after August. The trust is already outsourcing some elective work in order to meet the 18 weeks referral to treatment standard.