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Bucks Hospitals' Finances A Concern

Bucks hospitals could struggle to deliver their financial plan this year.

Published by the Mix96 News Team at 5:50am 25th February 2016. (Updated at 1:49pm 25th February 2016) 3-minute read.

Bucks Hospitals' Finances A Concern

There are concerns about the finances of Bucks Hospitals as the latest figures show they're in the red.

The board papers from last month's meeting state it is likely the Buckinghamshire Healthcare Trust won't deliver their financial plan and will end up with more debt and a bigger deficit in the next financial year.

They currently have a deficit of over £10m and have borrowed nearly £25m to get out of the red, but they say there could be insufficient funds to pay historic debts.

Forecasts for the end of year vary from a best case projection of £6.7m deficit to a worst case projection of £14.4m deficit.

Linda Derrick from Wycombe Labour said:

"They're almost up to their limit on what they can borrow, and if they can't borrow for cash they won't be able to pay the wages.

"The Trust is accountable to the public and they ought to be telling the public what this means.

"If they're likely at the end of march to be in the red, and as they've said in the board papers there are major consequences, they should be telling the public what those are."

Bucks Healthcare gave this statement:

As has been reported nationally, most NHS trusts in the country are experiencing financial difficulties and predicting that they will end the year in deficit.

This has also been a challenge for Buckinghamshire; we unfortunately ended last year in deficit and it is unlikely that we will meet our planned financial total at the end of this year, although we are working hard to achieve the best possible result. We are doing this whilst continuing to improve care and the patient experience.

There are a number of factors influencing the underlying financial position in the NHS and nationally there is a focus to help local systems deliver a more sustainable, transformed health service and improve the quality of care, wellbeing and NHS finances over the next five years.

We take this matter very seriously and are working closely with our local partners to tackle these challenges together and continue to develop and improve services for our local communities.

Notes:

The Trust Board has a responsibility to ensure the Trust meets its financial obligations. As part of that reporting process we regularly review the current financial situation and the likelihood of the financial plan being achieved. It was the ability to deliver this financial plan that was highlighted as a ‘major’ risk in the January board report.

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