NHS Finance

23.11.18

Nottingham University Hospitals Trust needs to fight £33m deficit or risks losing more funding

Nottingham University Hospitals (NUH) NHS Trust needs to fight back from a £33m deficit or it could lose further government funding in the future.

Local media claim that a report revealed that, just halfway through the financial year, the trust is already facing a deficit of £14.9m in its Financial Recovery Plan – leaving a projected deficit of £33m by next April.

The trust has said there will be no redundancies, but it did admit that some vacant posts may not be filled, or could be removed completely.

NUH, which controls Ropewalk House as well as Queen’s Medical Centre and City Hospital, ensured that none of the vacant roles will be withdrawn that are essential to patient safety—however, the Nottinghamshire Post noted that some clinical roles will be affected.

Failure to hit government targets could result in a major cash cut next year of almost £30m.

The Nottingham trust receives just under £1bn in funding each year, employs around 15,000 people, and provides acute and specialist services to 2.5 million people within Nottingham and surrounding communities.

NUH chief financial officer Rupert Eggington said while the trust has an incredibly challenging 2018-19 financial plan, the trust remains focused on getting the best possible financial results by year-end.

“Our financial position has deteriorated since quarter two as we have begun to see the true effects of last winter, including the cost of cancelled operations and associated catch-up activity and escalation beds that remain open as a result of the demand on our emergency services which is significantly above plan year-to-date,” he added.

“The cost of the coming winter, including opening 116 additional seasonal beds, has added a further cost pressure.

“Reaching our agreed year-end surplus position is dependent on the trust meeting its £41m savings target, receiving national monies linked to our financial and operational performance and securing additional financial support. We have developed a financial recovery plan to close the gap, which includes applying strengthened controls to reduce all spend in the remainder of the year.”

Mike Scott, spokesman for Keep our NHS Public Nottinghamshire, said: “This is just unbelievable – the government refuses to provide enough money to run the most important public service and then penalises trusts when they can’t cope, so they’ll be even worse off the following year.

“NHS workers tell us they can’t deliver quality patient care with these financial constraints and ask 'aren’t we just being set up to fail, so that private companies can come in and cherry-pick profitable services?' It certainly looks that way.”

Enjoying NHE? Subscribe here to receive our weekly news updates or click here to receive a copy of the magazine!

Comments

There are no comments. Why not be the first?

Add your comment

 

national health executive tv

more videos >

latest healthcare news

Trust to remain in special measures and issued with second CQC warning notice despite improvements

15/05/2019Trust to remain in special measures and issued with second CQC warning notice despite improvements

Norfolk and Norwich University Hospital NHS FT (NNUH) is to remain in special measures and has received a second CQC warning notice despite the C... more >
London trust and CCG to appoint first joint leader in new shared working plans

15/05/2019London trust and CCG to appoint first joint leader in new shared working plans

A London trust and CCG have published new plans to increase the level of joint working between Croydon’s NHS services by appointing a new s... more >
NHS lost £212m from prescription fraud last year whilst 1.7m people wrongly fined, NAO finds

15/05/2019NHS lost £212m from prescription fraud last year whilst 1.7m people wrongly fined, NAO finds

Around 1.7 million fines have been wrongly handed out to patients and then overturned in the last five years, whilst the NHS also lost £212... more >

editor's comment

25/09/2017A hotbed of innovation

This edition of NHE comes hot on the heels of this year’s NHS Expo which, once again, proved to be a huge success at Manchester Central. A number of announcements were made during the event, with the health secretary naming the second wave of NHS digital pioneers, or ‘fast followers’, which follow the initial global digital exemplars who were revealed at the same show 12 months earlier.  Jeremy Hunt also stated th... read more >

last word

Hard to be optimistic

Hard to be optimistic

Rachel Power, chief executive of the Patients Association, warns that we must be realistic about the very real effects of continued underfunding across the health service. It’s now bey... more > more last word articles >

the scalpel's daily blog

System working in an uncertain world

09/05/2019System working in an uncertain world

What, exactly, is an integrated care system? Well, it’s unclear, writes Kacey Cogle, policy advisor at NHS Providers. On the NHS England website, integrated care systems (ICSs) are not clearly defined, referring to STPs (sustainability and transformation partnerships), the predecessor of ICSs, in the first few lines without clarity ... more >
read more blog posts from 'the scalpel' >

comment

Turning blue lights green

11/04/2019Turning blue lights green

Polly Billington, director of UK100, a cities network that campaigns on environmental issues, argues that the NHS needs a national strategy for a... more >
Going back to school at Gloucestershire Hospitals NHS Foundation Trust

10/04/2019Going back to school at Gloucestershire Hospitals NHS Foundation Trust

Steve Hams, director of quality and chief nurse at Gloucestershire Hospitals NHS Foundation Trust (GHFT), demonstrates how cultural change has im... more >
How the new nursing associate role will break new ground

10/04/2019How the new nursing associate role will break new ground

Danny Mortimer, chief executive of NHS Employers, introduces us to the new nursing associate role, and how it’s set to complement the NHS L... more >
A smarter approach to tackling AMR

10/04/2019A smarter approach to tackling AMR

Antimicrobial resistance (AMR) is estimated to cause 700,000 deaths each year globally. This could rise to 10 million by 2050 if we do nothing. B... more >

interviews

How can winter pressures be dealt with? Introduce a National Social Care Service, RCP president suggests

24/10/2018How can winter pressures be dealt with? Introduce a National Social Care Service, RCP president suggests

A dedicated national social care service could be a potential solution to surging demand burdening acute health providers over the winter months,... more >
RCP president on new Liverpool college building: ‘This will be a hub for clinicians in the north’

24/10/2018RCP president on new Liverpool college building: ‘This will be a hub for clinicians in the north’

The president of the Royal College of Physicians (RCP) has told NHE that the college’s new headquarters based in Liverpool will become a hu... more >
Duncan Selbie: A step on the journey to population health

24/01/2018Duncan Selbie: A step on the journey to population health

The NHS plays a part in the country’s wellness – but it’s far from being all that matters. Duncan Selbie, chief executive of Pu... more >
Cutting through the fake news

22/11/2017Cutting through the fake news

In an era of so-called ‘fake news’ growing alongside a renewed focus on reducing stigma around mental health, Paul Farmer, chief exec... more >

health service focus

View all News