Wednesday, 16 December 2015

Sustainability and financial performance of acute hospital trusts

Sustainability and financial performance of acute hospital trusts The financial performance of acute hospital trusts has significantly declined in the last year and their financial position looks set to worsen in 2015-16.

The deterioration in the financial position of NHS trusts and NHS foundation trusts has been severe and worse than expected, with their £843 million deficit in 2014-15 representing a sharp decline from the £91 million deficit reported in 2013-14.

Overall, the financial position of NHS bodies worsened in 2014-15, as NHS commissioners, NHS trusts and NHS foundation trusts together moved from a surplus of £722 million in 2013-14, to a deficit of £471 million, according to the National Audit Office

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