Hospitals must make €150m saving in 2015

Hospitals must make a €150m saving next year despite getting increased funding, it emerged yesterday.

Hospitals got an increase of €625m, or 5.4%, in funding for 2015, bringing the total amount allocated to €12,131m.

However, the State’s 48 acute hospitals have overspent their 2014 budgets by €268m so funding for next year is almost 1% less than the total paid out this year.