NHS trusts 'need to up financial game' as more fall into the red
More NHS foundation trusts are struggling with finances, a report has found. The study from Monitor, which regulates England's 147 foundation trusts, said 39 trusts are now in deficit. The combined financial hole of these trusts is £180 million.
NHS Foundation Trusts are performing well despite pressure on services, a health spokesman for the Conservative Party said, after a report found that more trusts were struggling with finances. The spokesman added:
This Government has shone a light on poor care in a way that Labour neglected to do - and which led to tragedies like Mid Staffs - in some cases putting pressure on finances as Trusts address historical issues with nursing numbers and the like.
We are putting recovery plans in place for any Trust in financial difficulty, but as the culture within our NHS changes, we do not accept that delivering safe and compassionate care in the longer term costs more money.
Jason Dorsett, finance director at Monitor says: "It's a tough financial climate for the NHS at the moment. The government has put more money into the NHS but the population is getting larger, people are getting older so that money has got to go further every year.
"So what we're finding is not that foundation trusts are in great difficulties, but there are closer to the margin, they've got less surplus to go around."
A study from Monitor, which regulates England's 147 foundation trusts, said 39 trusts are now in deficit, almost double the 21 in the same period last year and more than the 24 expected.
The combined financial hole of these trusts is £180 million - higher than the £168 million anticipated, with 60% of the deficit concentrated in five organisations. A further 17 trusts have "very small" deficits.
The Midlands is the most "financially challenged" region, with 14 of its 38 trusts being in deficit, including Peterborough, Mid Staffordshire, Sherwood Forest and Milton Keynes, the report said.
Overall, 40% (33) of acute trusts, 20% (one) of ambulance trusts, 11% (two) of specialist trusts and 7% (three) of mental health trusts are in deficit.