Financial sustainability of NHS bodies: report, together with formal minutes relating to the report

Document type
Report
Corporate author(s)
Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher
TSO
Date of publication
3 February 2015
Series
House of Commons papers. Session 2014/15; HC 736
Subject(s)
Health Services
Collection
Social welfare
Material type
Reports

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The financial health of NHS bodies has worsened in the last two financial years. The overall net surplus achieved by NHS bodies in 2012–13 of £2.1 billion fell to £722 million in 2013–14. The percentage of NHS trusts and foundation trusts in deficit increased from 10% in 2012–13 to 26% in 2013–14. Monitor found that 80% of foundation trusts that provide acute hospital services were reporting a deficit by the second quarter of 2014–15. NHS England, Monitor and the NHS Trust Development Authority recognise that radical change is needed to the way services are provided and that extra resources are required if the NHS is to become financially sustainable. The necessary changes will require further upfront investment. Present incentives to reduce A&E attendance and increase community based care services have not had the impact expected. New incentives and strong relationships are needed to promote the more effective collaboration necessary for delivering new models of care.

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