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Sustainability and financial performance of acute hospital trusts

 

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Sustainability and financial performance of acute hospital trusts

According to the National Audit Office, the financial performance of acute hospital trusts has significantly declined in the last year and their financial position looks set to worsen in 2015/16.

It found that the deterioration in the financial position of NHS trusts and NHS foundation trusts has been severe and worse than expected, with their £843m deficit in 2014/15 representing a sharp decline from the £91m deficit reported in 2013/14. Overall, the financial position of NHS bodies worsened in 2014/15, as NHS commissioners, NHS trusts and NHS foundation trusts together moved from a surplus of £722m in 2013/14, to a deficit of £471m. More ....