NHS heading for surplus15th August 2006
According to figures released by Monitor, the NHS Foundation Trust regulator, 48 NHS foundation trusts are forecasting an £18m surplus, before exceptional charges, for 2006-07.
Chief Operating Officer, Stephen Hay, commented that the £18m surplus forecast by NHS foundation trusts for the current financial year is 'encouraging against a background of ongoing financial pressures and rapid change within the NHS'.
The Department of Health also published the NHS financial performance for the first quarter of 2006-07. The data showed that the NHS as a whole is also forecasting a surplus of £18m for the year after application of a £350 million contingency created by the Strategic Health Authorities; they forecast gross deficits for the year total £883 million compared with £1,227 million in 2005-06; and 120 organisations are forecasting deficits compared with 174 that returned deficits in 2005-06.
Health Minister Lord Warner said that "These figures are encouraging news. They show that the NHS is on track to achieve our aim of a net financial balance by the end of the year. Good progress has been made to bring the NHS into balance, and this has been done whilst continuing to maintain good patient care." However, he added that there was no room for complacency.
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Title: NHS heading for surplus
Author: Sue Knights
Article Id: 654
Date Added: 15th Aug 2006