28.08.13
Monitor updates regulatory framework
A new updated regulatory framework for trusts will take into account changes following Health and Social Care Act 2012, Monitor has announced.
The framework will apply to all foundation trusts from October 1.
Monitor will assess the governance of FTs, and any potential risk to financial sustainability. It recommends that FTs should commission an independent review of their governance every three years.
The new framework seeks to regulate in a transparent way, and not to unnecessarily burden trusts which are having difficulty. A governance rating highlights any concerns Monitor has with the way a trust is being run, and what action they are taking, while the continuity of services risk rating concerns the level of financial risk and Monitor’s response.
Adrian Masters, Monitor’s managing director of sector development said: “A trust that is well run and financially secure can provide the good quality services that patients expect. We’ve designed this new regulatory system to provide us with early warnings about where we need to take action to safeguard vital services on behalf of patients.”
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