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30/10/2015
Monitor Launches Investigation Into Trust's £12.6m Deficit
Health sector regulator Monitor has opened an investigation at Doncaster and Bassetlaw Hospitals over its financial deficit of £12.6 million.
The organisation is concerned that the trust may record a large loss for 2015/16 rather than the £2.2m surplus it had previously predicted.
In addition, Monitor is concerned that the financial deterioration may force the trust to apply for additional funding support in the future.
The investigation will examine the state of the trust's finances, assess the strength of its financial management and ways of improving its long-term financial sustainability.
Paul Chandler, Regional Director at Monitor, said: "People are relying on Doncaster and Bassetlaw to provide them with high quality healthcare now and in the future. Therefore, we need to make sure the trust can do this in a sustainable way and within its budget.
"We have launched this investigation to find out more about the financial situation at the trust and to establish what can be done to improve things."
(LM/CD)
The organisation is concerned that the trust may record a large loss for 2015/16 rather than the £2.2m surplus it had previously predicted.
In addition, Monitor is concerned that the financial deterioration may force the trust to apply for additional funding support in the future.
The investigation will examine the state of the trust's finances, assess the strength of its financial management and ways of improving its long-term financial sustainability.
Paul Chandler, Regional Director at Monitor, said: "People are relying on Doncaster and Bassetlaw to provide them with high quality healthcare now and in the future. Therefore, we need to make sure the trust can do this in a sustainable way and within its budget.
"We have launched this investigation to find out more about the financial situation at the trust and to establish what can be done to improve things."
(LM/CD)
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