NHS trusts are under pressure to cut costs, with one facing a £23 million deficit. They’re working hard to balance budgets while maintaining quality care.
Teesside: NHS leaders are feeling the heat. They need to cut costs to stay afloat. One trust is looking at a £23 million deficit this year. That’s a big deal!
The South Tees Hospitals NHS Foundation Trust runs services like James Cook University Hospital. They’re expected to end the year deep in the red. Meanwhile, North Tees and Hartlepool NHS Foundation Trust is managing to break even.
Chris Hand, the chief finance officer, mentioned that extra income isn’t enough. They’re facing rising costs, especially for pay and pricey drugs. The report shows overspending on drugs and equipment, but clinical income is up by £12 million.
At a recent board meeting, Stacey Hunter, the chief executive, stressed the need to live within their means. They’re trying to balance quality care with cost-cutting. It’s a tough job, but they’re on it.
They’re also dealing with an old Private Financial Initiative (PFI) agreement from the late ’90s. This is still costing them for the hospital’s upkeep. It’s been a struggle for years.
They’re working hard to reduce waiting times for treatments. The goal is that 92% of patients shouldn’t wait longer than 18 weeks. But it’s a challenge, especially with more patients waiting than before.
Neil Atkinson, the director of finance at North Tees, said they’re not hitting that 92% mark consistently. But they’re doing better than many others in the region and nationally.
They’re focusing on treating patients who’ve waited the longest. Breastfeeding rates are low, and staffing issues have been a challenge. But things are improving now.
They’re also keeping an eye on A&E waiting times. Sometimes, delays happen when ambulances are offloaded. It’s all part of the system, but they’re working to improve it.
Non-executive director Ali Wilson noted that while waiting times aren’t perfect, they’re not the worst either. They’re making progress, which is good to hear.
Fay Scullion, another director, mentioned that cancer targets are still a worry. They’re actively reaching out to patients to ensure they get the care they need.
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