FINANCE: NHS South West Essex improved its deficit from £11.4m to £9.8m in January, but still does not expect to break even.
The primary care trust’s finance report to its March board meeting said: “The year to date position for the 10 months to 31st January is a deficit of £9.8m against the profiled budget allocation of £546.5m. This is an improvement from the previously reported position of £11.4m at month 9…”
The report notes the forecast position for the year end is a deficit of £7.9m “taking account of the month 10 actual position, turnaround programme and other known commitments”.
It said this was due largely to a £14m overspend in acute hospital activity, including Basildon and Thurrock University Hospital Foundation Trust which is expected to overspend by £4.6m, even “with the turnaround schemes, which are forecast to achieve £12m savings by the year end”.
The PCT is also reporting overspends of £2.8m at Southend University Hospital FT, £1.6m at Mid Essex Hospital Services and £2.0m at Barts and The London.