Hospital chiefs will be reviewing service provision as it tries to make additional annual savings of £10 million.
Members of Lynn’s Queen Elizabeth Hospital Trust outlined the future challenges ahead in its annual report, which was presented at a meeting on Wednesday.
The trust recorded a £865,000 deficit on a £167 million budget. It also reported a £2.5 million shortfall on its financial plan due to a fall in income. It also failed to meet its £10.2 million efficiency savings programme by £3.4 million.
But it delivered a total of £6.8 million in savings.
The report states: “Looking further into the future, as less resource is available within the NHS healthcare economy, it is expected that additional savings in excess of £10 million per annum will continue to be required for the foreseeable future.
“The trust will therefore undertake a major review leading to a re-design of service provision within the local health system that both meets the needs of the local population and secures the future financial sustainability of the trust.
“The trust’s estate requires modernisation and maintenance. To undertake the required capital work for 2013/14 loans amounting to £5.1 million are required. Of this, £1 million has been secured to replace the electrical infrastructure of the hospital. However, the remaining loans are subject to application and approval. Without this and other capital investment the hospital infrastructure will fall further into decline and restrict the ability to take advantage of opportunities to improve efficiency.”
The hospital has received praise for its trauma care as patients are twice as likely to survive, along with its orthopaedic and knee care and catering.
The hospital, which has 500 beds, delivered 2,291 babies.