Foundation Trusts worth £10bn31st October 2006
Foundation Trusts are now worth more than £10bn a year, following the announcement of the 52th foundation trust by independent regulator Monitor.
The Foundation Trust tally now stands at 52 in England, and nets a total annual income of £10.3billion. The trusts are responsible for more than 25 per cent of acute and specialist trust provision, with five now responsible for mental health services.
Together the trusts have recruited in excess of 600,000 members and more than 1,000 governors as part of their public involvement commitment.
Foundation Trusts are also beginning to invest and borrow money for service improvements including buying up local hospitals.
Monitor say the trusts are delivering better care for patients and better value for money. Recent annual health check ratings revealed:
- 84 per cent of all Foundation Trusts were rated as excellent or good on use of resources, compared to 10 per cent of other acute and mental health trusts.
- 67 per cent were rated excellent or good on quality compared to 45 per cent of other acute and mental health trusts.
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Title: Foundation Trusts worth £10bn
Author: James Blunt
Article Id: 1019
Date Added: 31st Oct 2006