Monitor has achieved value for money in regulating NHS foundation trusts, according to a report published by the National Audit Office.
The report also says Monitor has generally been effective in helping trusts in difficulty to improve.
Amyas Morse, head of the National Audit Office, 26 February 2014:
Monitor has done a good job in regulating NHS foundation trusts. Its processes for assessing NHS trusts are robust and its judgments have mostly been sound. It has helped NHS foundation trusts in difficulty to improve and trusts have regularly taken radical action, such as changing their chair or chief executive, in response to Monitor’s interventions.
However, bigger challenges lie ahead for Monitor, as it takes on its significant new responsibilities that stretch across the whole health sector. In addition, as Monitor itself recognises, it needs to adapt how it works with other bodies to tackle underlying local weaknesses that increase the risk of individual trusts failing, either clinically or financially.
Read more: Monitor: Regulating NHS foundation trusts