This story was first published in digitalhealth.net
Liverpool Women’s NHS Foundation Trust to receive financial support
Health regulator Monitor will be taking action to support Liverpool Hospital in order to introduce measures to help improve its finances, after an investigation found the trust to have a predicted deficit of £7.3 million.
Monitor recommended that the trust would need additional help to recover its finances. The trust currently provides maternity, gynaecology and neonatal care services to women throughout Merseyside, and specialist services to patients across the UK. It has agreed to combine its efforts with local and specialists commissioners to develop a financial strategy recovery plan.
Paul Chandler, regional director for Monitor, said: “We welcome the hard work the trust has done already and hope that the steps we have agreed with the trust will support it to improve its financial position.
“Working closely with commissioners and other local stakeholders to further develop a strategic recovery plan will enable the trust to balance its books and ensure it can keep delivering high quality care for patients into the future.”
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