Working with Monitor to improve our financial position

Posted: April 21, 2015

Building a financially secure future

Over the coming months we will be providing assurances to Monitor, the regulator for health services in England, that we have plans to improve our financial position.

We have been working with Monitor since October and have agreed to a series of actions to improve our financial performance, sustainability and governance.

We will also be developing a financial recovery plan to get our books back into balance, but it will take time. 

Despite our financial position, no concerns have been raised about the quality of treatment and care we provide to patients. 

Our finances are a big challenge which cannot be fixed alone.

Together with our local health and social care partners we must address the increasing demand for healthcare.

We are already working with other local health and social care organisations to ensure that patients can leave hospital when they no longer need this level of care, making space for those who do. 

Over the coming months we will be providing assurances to Monitor that we have the capacity and capability to build a financially secure future, whilst maintaining safe and high quality patient care. 

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