FINANCE: Weston Area Health Trust was £834,000 behind on its quality, innovation, productivity and prevention (QIPP) plan at the end of month six, equivalent to almost 14 per of the total.
The trust is aiming to save just over £6m during the year. In September £228,000 of savings were delivered against a planned £395,000.
A report to the board states: “The QIPP savings delivery must be significantly improved as the savings requirement continues to ramp up for the remainder of the year and the year to date slippage is required to be recovered. If QIPP is not delivered at these levels it puts the trust at risk of not achieving the financial plan.”
The trust has a tachnical deficit year to date of £3.2m due to capital expenditure on a new urgent care centre. The planned year end position is a technical deficit of £1.5m.
The report reveals pay expenditure was overspent by £172,000 in September, compared with an overspend of £186,000 in August while capacity pressures have led to unplanned beds being open costing £100,000 in nursing costs and clinical suplies during September.
Non pay expenditure is £256,000 in excess of budgets for the month, a further deterioration from August when there was an in-month overspend of £232,000, while private patient income is £16,000 below the £90,000 - increasing the year to date shortfall to £79k.
Source date
1 November 2011
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