Yeovil District Hospital on track for financial recovery
Monitor has closed its investigation into finances at Yeovil District Hospital NHS Foundation Trust as the trust is on track to improve its financial position.
The trust is planning to integrate its acute hospital services with GPs and social care services across South Somerset. The health sector regulator opened an investigation in November to determine whether short-term financial problems might derail these longer-term integration plans and potentially hinder further improvements to patient care.
Monitor has closed its investigation as it is satisfied that the trust has a strong leadership team which has developed a robust plan to fix its financial problems.
Yeovil Hospital, along with partner health and care organisations in South Somerset, were chosen by NHS England as a Vanguard site in March this year for their plans to transform how care is delivered locally, which means they will act as pioneers in developing new and innovative models of care. Monitor’s investigation found that the trust has made strong progress in developing its Vanguard plans.
Justin Collings, Senior Regional Manager at Monitor, said:
It’s positive news for patients in Somerset that we were able to support the trust without the need for formal regulatory action. We believe that the trust has the right plans to tackle its short-term financial problems, with the right people in place at the top to deliver those plans.
We will continue to support the trust as it progresses with its Vanguard plans to provide patients across South Somerset with better care that is closer to home.
Monitor will continue to provide close support and scrutiny as the trust progresses with its plans to recover its finances and to integrate care.