The latest survey of NHS finance directors shows that nine out of 10 hospitals are forecasting deficits.
Among acute trusts, 89% are forecasting a deficit, up from 21% this time last year, the King’s Fund survey of NHS trust finance directors, carried out in June 2015, revealed.
The latest survey of NHS finance directors shows that nine out of 10 hospitals are forecasting deficits.
Among acute trusts, 89% are forecasting a deficit, up from 21% this time last year, the King’s Fund survey of NHS trust finance directors, carried out in June 2015, revealed.
It also showed that two-thirds (66%) of trusts are forecasting an end of year deficit, up from one quarter (25%) at the same time last year.
Richard Murray, director of policy at The King’s Fund, said: “Last year’s deficit among NHS providers was unprecedented, but this year is shaping up to be much worse.”
The majority (62%) say their forecast depends on either the provision of additional financial support or running down their reserves, or both.
Andrew Pepper, chair of the NHSCC Finance Forum Network and CFO of NHS Wakefield CCG said: “The NHSCC Finance Forum has been looking into many of the same issues described in the King's Fund and the HFMA reports and has identified that CCGs are also under considerable pressure and our members tell us that their levels of confidence to deliver financial plans are reducing.
"What is clear is that the future is set to be very challenging, with the system as a whole under significant financial pressure. CCGs continue to work in partnership across their local health economies to integrate health and care, but to give the NHS the best chance of a sustainable future all part of the system need recognise their role in driving forward the new models of care for the benefit of patients and local populations,” he said.
