Focus on Finance: 2018/19 and month one 2019/20

May 31, 2019

Good news! Despite the financial & activity pressures faced during winter across the Trust, the Medicine & Emergency Care Group has produced a healthy surplus of £599,142.00 for the 2018-19 financial year ending 31st March, a thank you for all your efforts in treating more patients than last year, keeping patient care at the forefront while still delivering a positive financial result.

The surplus has been mainly produced due to over performance on income relating to Emergency/ED activity, as well as reduced budgeted expenditure with pay underspends relating to vacancies across non ward areas which helped to offset recurrent cost improvement slippage on Medical Locums and Nursing Ward Efficiencies savings schemes.

Budgets have been set for the 2019-20 financial year and all within the Group need to work to deliver the same level of patient care while still keeping within the allocated budget provided.

The first month of the new 2019-20 financial year shows the Group with an initial financial performance of having produced a deficit of £133,297.00 – this figure is subjective to revision but underlines the fact there is more work to do to make sure the Group & Directorates continue to produce robust financial results in the new financial year.