Fears over cash flow

A REPORT from the Health Service Executive shows that Our Lady of Lourdes in Drogheda is over budget by e5.6 million so far this year.

A REPORT from the Health Service Executive shows that Our Lady of Lourdes in Drogheda is over budget by e5.6 million so far this year.

The new performance report from the HSE has revealed that the Co Louth hospital is among a number of hospitals which have overspent.

A statement issued by the HSE about overspending at Out Lady of Lourdes, Drogheda said: “The HSE Dublin North East must comply with its statutory obligations and remain within its allocated budget.

“Every effort will be made to do that in a way that has the least impact on patients and clients.”

The other hospitals that have massively overspent are University College Hospital Galway (e8.6m), Tallaght Hospital in Dublin (e7.5m), Cork University Hospital (e7.1m), St Vincent’s in Dublin (e6.2m), Beaumont in Dublin (e5.3m) and Waterford Regional (e5.3m).

The HSE report also shows that the Mid West Regional Hospital in Limerick is over budget by e14m so far this year.

Overall, the HSE has overspent its budget by e170m up to the end of May. Hospital overspending accounts for e120m of this figure.

According to the HSE, it now has to freeze all but critical vacancies to deal with the escalating pay costs. It is feared that some hospitals will run into serious cash flow problems if they do not take significant measures to bring down costs in the second half of the year.

The report also shows that 54,741 patients are waiting for a planned inpatient operation, or a day case procedure.