Monitor report on FT performance
The FT sector has coped well through these turbulent times Monitor says in its fourth quarter report for 2011/12. Many trusts have improved their waiting times for cancer treatment and improved delivery of cost improvement plans (CIPs) contributed to overall financial performance being slightly better then planned.
However financial pressures will continue to be a dominating issue for trusts. The sector’s performance at the year end illustrates the downward trend of the last three years and conditions will remain challenging in the coming years.
Monitor has stepped in using its regulatory powers more this year than last. The number of FTs in significant breach at the end of Q4 increased to 17 from 10 at Q4 last year, primarily driven by financial concerns. Read the Monitor report to find out more.