Investigation launched into financial challenges at Cambridgeshire and Peterborough NHS Foundation Trust
Monitor has opened an investigation on behalf of patients into the financial sustainability of Cambridgeshire and Peterborough NHS Foundation Trust.
The trust has recently started to provide improved health and social care to the elderly and adults with long-term conditions through integrating these services across eastern England and working with other local NHS organisations. This should enable more people to receive joined-up health and social care; and treatment closer to home.
However, while the trust is meeting its current fiscal projections, it still faces longer-term financial challenges.
Monitor, the health sector regulator, wants to be sure the trust is financially strong enough for patients to receive quality care in the future, particularly given the increased number of services it will be providing.
The regulator’s investigation will seek to understand the underlying financial risks and challenges the trust faces. It will also examine whether the trust’s leadership has a good understanding of these challenges and is developing effective ways of dealing with them.
Monitor will announce the outcome of its investigation in due course.