FINANCE: United Lincolnshire Hospitals Trust is facing “an immensely challenging financial position” for the rest of the year, its latest finance report states.
The financial performance of the Trust for the month ending 30 October 2010 shows an income and expenditure deficit of £4.8m.
The cash position at the end of October 2010 was £14.9m.
The trust is projecting it will receive 70 per cent of its commissioning for quality and innovation payments.
The delivery of cost improvements is much slower than expected and the levels of emergency activity being treated in the hospitals is rising.
United Lincolnshire Hospitals Trust, finance report
30 November 2010