Monitor to investigate finances at Yeovil Hospital
Concerns about short-term financial problems at Yeovil District Hospital NHS Foundation Trust have led to Monitor opening an investigation.
The trust has been developing longer-term plans to improve how it works and to integrate care across South Somerset by working together with organisations including social services and GPs. However its short-term financial position has deteriorated.
The health regulator wants to understand exactly why the trust is making bigger losses than planned and what can be done to help fix it.
Monitor also wants to find out what could be done to secure the trust’s short-term finances so it can best deliver its longer-term plans.
Paul Streat, Regional Director at Monitor, said:
The trust is developing plans to deliver better care for patients by integrating services across South Somerset.
Our investigation will look at the trust’s short-term finances and see how it can be improved to best support its long-term plans.
No decision has been made by Monitor on whether action will be needed. Monitor will announce the outcome of its investigation once it is completed.