Following an investigation by healthcare financial regulator Monitor, King’s College Hospital NHS Foundation Trust has agreed to take steps to reduce waiting times for patients and improve its financial position.
Monitor carried out an investigation at King’s last month after the trust failed to resolve long-standing problems at the Princess Royal University Hospital (PRUH), which the trust took over in October 2013.
Although Monitor has recognised that progress towards improving services has been made by King’s, this has ultimately been deemed insufficient.
Following the investigation, Monitor has agreed with King’s that the trust will: (i) develop and implement an effective short-term recovery plan to deliver the required improvements at the PRUH that King’s planned to make when it took over the hospital; and (ii) develop and implement a longer-term plan by working closely with other national and local health care organisations (including NHS England and local commissioners) to ensure patient services are improved, and also provided in a sustainable way for the future.
Monitor has said that it will closely monitor the trust’s progress in making the required improvements and take further action should it be required.