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24
Jan

Hospitals set to overspend in 2014


According to new analysis by The King’s Fund, over a fifth of hospital trusts and one in eight clinical commissioning groups (CGCs) are expected to be in deficit by the end of 2014.


The quarterly monthly report found that only 47% of finance directors in hospitals are expected to meet their productivity targets. This has cast doubts on the NHS’s ability to deliver £20bn of efficiency savings by 2015.

The analysis showed that in CGC’s, 61% of finance directors are confident about meeting their financial targets, with one in eight expecting to be in deficit by the end of the year.

The low level of healthcare-acquired infections, along with hospitals meeting the four-hour A&E target over the last quarter, has suggested that the NHS have managed to cope with winter pressures.

“Despite warnings about a potential crisis in A&E, most hospitals are coping with winter pressures so far – a tribute to the hard work of staff in A&E departments,” says Professor John Appleby, chief economist at The King’s Fund.

“However, the growing number of hospitals set to overspend their budgets shows that for some, it is no longer possible both to maintain the quality of services and balance their books.

“The emerging concerns about staff morale in hospitals are very worrying as there is a proven relationship between staff satisfaction and the quality of care provided to patients,” he adds.

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