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NHS trust slides further into the red
2:42pm Monday 7th October 2013 in News
THE trust that runs Worcestershire Royal Hospital is sliding further into financial trouble.
Worcestershire Acute Hospitals trust is now more than £2.5 million behind its predicted financial position.
And while bosses remain confident they can turn things around, they have admitted the current position is a “significant cause for concern”. The trust is facing an ongoing battle to balance its books after being hit by “unprecedented”
income reductions of about £25 million this year.
As a result it was already targeting a year-end deficit of £5 million, rather than breaking even. But it is currently on course to miss even that adjusted target by some distance.
After five months of the financial year, the trust’s performance is £2.6 million worse than expected and if current performance continues it will be staring at a deficit of £12 million. Director of resources Chris Tidman attributed the current slide to a number of factors. Income has been hit by a 10 per cent fall in the number of births while capacity pressures means the trust is more than £1 million down on cash from elective operations. Staffing costs are also at some of their highest levels in recent years – with a total wage bill of £18.2 million in August, about £500,000 more than the same month in 2012. Mr Tidman said extra permanent staff have been recruited to reduce expenditure on costly agency workers .
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