The below Parliamentary question was asked by Helen Hayes on 2016-02-08.
To ask the Secretary of State for Health, what recent assessment he has made of the financial performance of King’s College Hospital NHS Foundation Trust.
In March 2015, Monitor launched an investigation to find a lasting solution to performance issues and financial difficulties at King’s College Hospitals NHS Foundation Trust. Following the investigation and evaluation of the progress the trust had achieved, Monitor initiated a programme of work to ensure that credible turnaround and strategic plans were put in place for the benefit of patients.
Monitor has supported the trust to produce financial recovery plans and a five-year strategic plan and is co-ordinating the joint actions that are required across the local health economy to ensure delivery of the plans.
The Department has approved an application from King’s for Interim Support Funding for the remainder of the current financial year, up to an agreed limit. Further work is currently in progress to assess the trust’s future requirements.