14.12.12
Act faster
The NHS must work together to deliver a more proactive approach to financial difficulty, the NHS Confederation has urged.
Requiring Monitor to do more to prevent trusts slipping into financial problems of such a scale that administration is the only option could help to retain solvency during times of huge cuts and savings.
The current model is too reactive, the NHS Confederation has stated, viewing trust’s financial problems as somehow the sole issue of the trust in question, and an inevitable deterioration of financial management.
More shared responsibility for NHS finances could help to drive the structural changes and service redesign which is so necessary for improved quality of care at a more efficient price.
The guidance offered today will hopefully clarify the role that Monitor should take, as well as the rest of the NHS’s responsibilities in improving the financial health of the entire organisation.
Tell us what you think – have your say below, or email us directly at [email protected]