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Monday 24th October 2016

Positive results for NHS foundation trusts in 2007-08

20th June 2008

NHS foundation trusts have reported positive results for 2007-08. In the report published today, Monitor, the independent regulator of NHS foundation trusts, reviews some of the highlights and challenges in the twelve months to 31 March 2008.

Overall, NHS foundation trusts have performed well. Their financial performance has been strong with a combined net surplus (pre exceptional costs) for 89 NHS foundation trusts for the twelve months to 31 March 2008 at £514 million. Total revenues for the year were £16.3 billion (£566 million ahead of plan). Aggregate cash balances at 31 March 2008 amounted to £2.3 billion.
Service performance was more mixed. There has been good progress by NHS foundation trusts towards the target of delivery of 18-week referral to treatment waiting times by December 2008. By the end of March, 90% of all referrals through admitted pathways and 94% of referrals via non-admitted pathways were achieved.
As set out in previous quarterly reports, whilst NHS foundation trusts have met most healthcare targets in the year, Monitor remains concerned with the variation in performance with regard to year-on-year reductions in the number of MRSA cases. The achievement of target reductions continued as the main challenge for some NHS foundation trusts. MRSA performance, together with the new national target for Clostridium difficile, will be particular areas of focus for Monitor in 2008-09.

Commenting on the report, Chief Operating Officer of Monitor, Stephen Hay, said:

"This report reviews the fourth year of operation since the establishment of NHS foundation trusts. In 2007-08 NHS foundation trusts have performed well, but there remains potential among these organisations to do more. We hope that the recommendations which will emerge from the NHS Next Stage Review will provide greater clarity as to commissioners' plans and service development opportunities going forwards. The financial stability and board strength which have been created by foundation trusts will underpin their ability to respond quickly and lead on the successful delivery of these plans for the benefit of their local patients."

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