Whittington withdraws its application to become a Foundation Trust
At its meeting on 18 March the Whittington's Trust Board decided to withdraw its current foundation trust application. This decision is due to a significant increase in the level of financial risk and uncertainty in the local healthcare system and the economy as a whole.
Within the NHS, changes to the tariff (which is the price that we are able to charge for our services) and changes to our market forces supplement (which is the additional money that we receive in recognition of the cost of providing services in London) mean that we will lose significant amounts of income over the next two years. More challenging is the wider economic situation and the inevitable impact on the public sector finances and the local and national NHS.
These are challenges that will be faced by all Trusts across north London, including the existing foundation trusts. Over the forthcoming months we will be working together to explore the best way of ensuring that our patients continue to have access to strong, sustainable and resilient services provided by strong, sustainable and resilient foundation trusts. In this context, NHS London has made clear its desire that all London trusts should become foundation trusts by 31 December 2010.
Within the NHS, changes to the tariff (which is the price that we are able to charge for our services) and changes to our market forces supplement (which is the additional money that we receive in recognition of the cost of providing services in London) mean that we will lose significant amounts of income over the next two years. More challenging is the wider economic situation and the inevitable impact on the public sector finances and the local and national NHS.
These are challenges that will be faced by all Trusts across north London, including the existing foundation trusts. Over the forthcoming months we will be working together to explore the best way of ensuring that our patients continue to have access to strong, sustainable and resilient services provided by strong, sustainable and resilient foundation trusts. In this context, NHS London has made clear its desire that all London trusts should become foundation trusts by 31 December 2010.
Last updated02 Apr 2009