FINANCE: Queen Victoria Hospital FT hopes to make a surplus of more than £2m next year though it predicts financial performance will have slipped to £1.6m by 2013-14.
The aim is set out in its forward plan strategy for the next three years, which was submitted to Monitor in April.
The trust finished with a deficit of £1.4m last year. This year it intends to end the financial year with a surplus of £2.3m. But this will be followed by a predicted dip to £0.3m in 2012-13 followed by a rise to £1.6m in 2013-14.
In addition, total income is expected to fall slightly over each of the next three years from £55.5m in 2011-12 to £53.5m in 2013-14.
Overall activity levels planned for 2011-12 are broadly in line with 2010-11 out turn.
However, the document states: “There are reductions planned where commissioners are identifying changes to pathways and new referral management processes. The areas affected include cataract surgery, low priority procedures, referral management of dental and orthodontic work.”
It adds: “The alternative providers are not in place in all cases and there remain challenges to some schemes in the light of their potential impact of reducing patient choice.”
The Queen Victoria Hospital NHS Foundation Trust three year plan (see attached, right)