Many foundation trusts face tough financial future, warns MonitorBMJ 2012; 345 doi: https://doi.org/10.1136/bmj.e5745 (Published 23 August 2012) Cite this as: BMJ 2012;345:e5745
- Andrew Cole
A growing number of England’s 144 foundation trusts are likely to face financial problems over the next three years, says a review by independent regulating body Monitor.1
Foundation trusts are forecasting a decline in income and greater financial risk as they attempt to meet growing demand while simultaneously making substantial cuts in costs, says the review of their annual plans.
Stephen Hay, Monitor’s chief operating officer, predicted many trusts would be financially weaker by 2015. “We expect an increasing number of trusts could be placed in significant breach for financial …