Health regulator takes action to improve finances of a foundation trust in Manchester
1 May 2014 04:32 PM
University Hospital of
South Manchester NHS Foundation Trust has agreed to appoint a turnaround
director to help it deal with short-term financial
problems
The trust will also undertake a
review of its leadership and how it is run. This review will include how
effective the board is and how the organisation identifies and deals with
challenges.
Monitor opened an investigation
into the trust in December last year after concerns about the
organisation’s short-term financial stability emerged during the annual
planning process. It is taking action after finding reasonable grounds to
suspect the trust had breached its licence.
During the course of its
investigation Monitor also looked into A&E performance after the trust
breached the national target to make sure 95% of patients are treated with in
four hours.
The trust is now taking action
to improve its A&E performance. Monitor will keep this performance under
review and will take further action if necessary.
Frances Shattock, Director at
Monitor, said: "The trust has agreed to take action in a number of areas
to improve its finances and how it is run.
"It's in the best
interests of patients that the trust has a stable financial footing and that
its leadership can spot potential issues and is able to take action
early."
Monitor will continue to hold
the trust to account and may take further action if improvements are not
made.
ENDS
Notes to
editors:
- For further information please
contact Kirk Ward, Media Relations Manager, on 020 3747 0800 or email press.office@monitor.gov.uk
- Monitor is the sector regulator
of NHS-funded health care services. Under the Health and Social Care Act 2012
its main duty is to protect and promote the interests of people who use them.
Information about Monitor’s role can be foundhere.
- Follow Monitor on
Twitter @MonitorUpdate
Related links