Despite a £26.5m deficit, West Suffolk NHS Trust is optimistic about its financial recovery efforts and progress in saving plans.
They’ve shared their updated numbers with the Suffolk and North East Essex Integrated Care Board and are feeling optimistic about beating their earlier forecast of a £28.5 million deficit.
The folks at WSFT, who manage West Suffolk Hospital, are sticking to a financial recovery plan that aims for a monthly deficit of £1.3 million. They’ve got their eyes on the cash flow, too, with a balance of £6.9 million, way above their planned £1.1 million.
They’re keeping a close watch on their finances, especially since they’ve received £13 million in revenue support and are looking for another £15.5 million to help them through the last quarter.
Last year, they made some tough choices, like closing a clinical helpline and ending free staff memberships to a local leisure center, all in the name of cutting costs. It’s a challenging time, but they’re working hard to turn things around.
