Lancashire hospitals face action over financial problems

This was the biggest deterioration in finances in the NHS foundation trust sector this year and Monitor’s investigation found the trust lacked both the robust plans and the financial management needed to address its problems.

Lancashire Teaching Hospitals has also agreed to develop and deliver a long-term plan to ensure its finances return to a stable position.

Monitor will appoint a financial improvement director to provide support to the trust and hold it to account for making progress.

The health sector regulator will also amend the trust’s licence to ensure that, if the trust fails to make the changes needed, further action could be taken in future including changes to the leadership team, if required.