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FTs £4m overspend leads to investigation

FTs £4m overspend leads to investigation

19 May 2014

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A foundation trust which overspent by £4 million last year is currently under investigation from Monitor. 
West Suffolk foundation trust (FT) failed to deliver planned savings, claiming this is because of an increase in emergency admissions and discharge delays for patients. 
The health sector regulator is looking into whether the FT has breached its license to provide healthcare for patients. 

A foundation trust which overspent by £4 million last year is currently under investigation from Monitor. 
West Suffolk foundation trust (FT) failed to deliver planned savings, claiming this is because of an increase in emergency admissions and discharge delays for patients. 
The health sector regulator is looking into whether the FT has breached its license to provide healthcare for patients. 
Monitor's regional director for the Midlands and East of England, Adam Cayley said: "We need to understand why West Suffolk NHS Foundation Trust’s financial position has deteriorated and be assured that our concerns about its financial performance are suitably addressed and do not impact on the trust delivering the care its patients deserve."
The trust is a small district general hospital in Bury St Edmunds with an annual income of £166 million.
Monitor will announce the outcome of its regulatory investigation in due course.

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