FINANCE: Ipswich Hospital is predicting a breakeven position for 2012-13 after making a surplus of £1.4m in February.
March’s board meeting hears that this was £2.3m more than expected as the trust had anticipated an in-month deficit. It represented higher income and lower operating expenses than planned – and better than expected cost improvement plan delivery.
Although the trust still had a year to date deficit going into month 12, this was expected to disappear, allowing it to reach breakeven at year end.
Breakeven would result in a financial risk rating of three for the trust.