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National Audit Office report: Confirmed impacts: Securing the future financial sustainability of the National Health Service

Confirmed impacts: Securing the future financial sustainability of the National Health Service

We found that the 2007-2011 Peterborough and Stamford Hospitals NHS Foundation Trust Board’s poor financial management and procurement of an unaffordable PFI scheme had left the Trust in a critical financial position. This NAO impacts case study represents one example where there has been some beneficial change, whether financial or non-financial, resulting from our involvement.

Impacts case study

In July 2012 the Committee of Public Accounts asked us to look further at the circumstances underlying Peterborough and Stamford Hospitals NHS Foundation Trust’s serious financial difficulties.

We found that the 2007-2011 Trust Board’s poor financial management and procurement of an unaffordable PFI scheme had left the Trust in a critical financial position.

As part of a package of measures to be taken forward, Monitor, the sector regulator of NHS-funded health care services, has appointed a contingency planning team who will recommend a long-term solution for the financial viability of the Trust.

What are impacts?

The NAO collects examples of where there has been some beneficial change, whether financial or non-financial, resulting from our involvement. All of these examples are subject to internal quality assurance review, and agreed with senior management of the audited bodies.

Financial impacts represent our estimate of the financial benefits achieved following implementation of the NAO’s recommendations to government, and are independently validated by our external auditors.

 

Publication details:

Published date: July 8, 2013