FINANCE: Queen Victoria Hospital NHS Foundation Trust’s financial performance remains on course for a planned surplus.
Latest board reports state: “Financial performance has remained in line with plan at the end of November.
“Month eight cumulative financial position shows a surplus of £1,669,000 verses a plan of £1,557,000. The Financial Risk Rating has remained at 5 (lowest risk).”
The report said the trust was “forecasting achievement of the overall financial plan for the year” but noted an increasingly challenging environment.
It stated: “The volatile commissioning environment continues to complicate activity and financial planning.
“Regular contract reviews take place with commissioners to agree activity levels but it is clear that the degree of challenge to trust reported activity is increasing.”
17 January 2012