FINANCE: Plymouth Hospitals Trust has overacheived on its cost improvement plan by about £1m at month six.
A report to October’s board states: “The expected CIP profile of delivery to the end of month six was £10.4m which has been exceeded with actual achievement of £11.1m.
“However, despite this over achievement it should be noted that the CIP target for the year to date only represents circa 33 per cent of the full year £31.3m requirement and therefore significant challenges remain throughout the rest of the year to keep the overall programme on target.”
The overachievement is driven by a high level of additional non-reccurent income than expected.
Overall, the trust is reporting a deficit of £3.9m at the end of September against a planned deficit of £3.5m year to date.
28 October 2011