York and Scarborough NHS Trust seeks £8m support
Summarised from 2 outlets · Updated 31 Oct, 06:22 · Archive
York and Scarborough Teaching Hospitals NHS Foundation Trust is seeking £8 million in cash support as its deficit reaches £18.4 million halfway through the financial year.
York and Scarborough Teaching Hospitals NHS Foundation Trust is seeking an £8 million support package as it battles a growing deficit and attempts to deliver tens of millions of pounds of planned savings.
The Trust reported an adjusted deficit of £18.4 million at the halfway point of the financial year, around £9.2 million behind its planned position. It is currently forecasting a deficit of £30.5 million under its mid-range scenario and £45.5 million under its worst-case scenario.
At a board meeting on 28 October, the Trust's finance director Andrew Bertram said the position had deteriorated during the first six months of the year. The Trust has delivered £24.7 million against a planned £31.8 million year-to-date, which projects to approximately £35 million of savings against a £66 million target, leaving it around £7 million behind. Bertram said continued shortfalls in the financial recovery programme remained one of the biggest pressures on the organisation's finances.
He told board members that, for the first time, enough schemes had been identified on paper to meet the £66 million savings target, though around £8 million worth of those plans remain classed as high risk. Board chairman Martin Barkley warned colleagues not to underestimate the scale of the challenge ahead.
How it is being reported
- Hospital trust seeks £8m cash support as deficit reaches £18.4mYORK and Scarborough Teaching Hospitals NHS Foundation Trust is seeking an £8 million support package as it battles a growing deficit and attempts to deliver tens of millions of pounds of planned savings.The Press (York) · 31 Oct, 05:00
- Hospital trust seeks £8m cash support as deficit reaches £18.4mYORK and Scarborough Teaching Hospitals NHS Foundation Trust is seeking an £8 million support package as it battles a growing deficit and attempts to deliver tens of millions of pounds of planned savings.Gazette & Herald (Malton) · 31 Oct, 05:00
In this story: York and Scarborough Teaching Hospitals NHS Foundation Trust · NHS England · Andrew Bertram · Martin Barkley · York · Scarborough
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