Monitor Board's decision on Blackpool Teaching Hospitals NHS Foundation Trust8th December 2010
Monitor, the independent regulator of NHS foundation trusts, has found that Blackpool Teaching Hospitals NHS Foundation Trust is in significant breach of the terms of its Authorisation.
This decision is based on concerns in relation to the Trust’s financial position and its governance arising from: failure to meet its financial plan at Quarter 1 2010/11; not ensuring appropriate resources and governance arrangements were in place to deliver the annual plan; and signing a contract which left the Trust with an unacceptably high level of financial risk.
Having considered the available evidence, Monitor’ board decided not to use its formal intervention powers at this stage. However, the Trust’s performance going forward will be reviewed against specific milestones and actions. If it fails to demonstrate timely and sustainable progress towards full compliance with its terms of authorisation, Monitor is likely to consider formal intervention.
David Bennett, Interim Chief Executive of Monitor, said:
“Monitor’s job is to make sure that foundation trusts are well-led, that their leaders are focused on the quality of care patients get and that they are financially strong. We do this on behalf of patients and taxpayers.
“Our regulatory system is designed to expose issues and drive improvement, not cover up problems. We believe it is important that problems are identified quickly so that action can be taken to address them.
“As a rule, Monitor wants foundation trust boards to fix their own problems – we consider them to be the front line of regulation, responsible for understanding the cause of problems and taking action to deliver solutions. But if they don’t do so quickly and effectively, we step in.
“The focus is now on the future and taking the actions necessary to ensure the continued provision of high quality patient services from a secure financial platform. Monitor has considerable experience of working with foundation trusts with financial problems that have been successfully resolved. We will be working closely the board at Blackpool Teaching Hospitals NHS Foundation Trust to achieve this.”
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Title: Monitor Board's decision on Blackpool Teaching Hospitals NHS Foundation Trust
Author: Martine Hamilton
Article Id: 16956
Date Added: 8th Dec 2010