NHS Sandwell remains on track for surplus

In a finance report it said the financial position as at month 10, January, had improved and was showing a year to date under-spend of £565,000 and a forecast surplus of £980,000 for the year-end.

The report said: “The favourable movement in the year to date position has arisen due to reductions in the activity trajectory against secondary care contracts exceeding further prescribing pressures.

“The PCT has now also included an estimate of transitional costs related to the white paper within the financial position, funded from the additional cost improvements realised.

“The over-performance on commissioning, primary care and prescribing budgets has been offset by under-spends on management budgets together with the full release of the financial plan contingency and partial release of the additional savings targets generated as part of the Financial Stability and Sustainability Programme.”