After seeing that Mid Staffordshire NHS Foundation Trust has failed to clear its debts, Monitor, regulator of foundation trusts, has stepped in to solve the problem. Monitor has appointed a team of consultants, who will study the whole situation and will suggest a long-term solution for the same.
The trust, which runs two hospitals, has an expected deficit of £46.6 million and that too for 2014-15. In that scenario, it gets vital that a 100% successful solution to the problem is uncovered.
It is not the first time when a team of consultants has come forth to help the trusts, which are neck deep in debts. The South London Healthcare NHS Trust was also the one, which had received help from special administration.
The South London Healthcare NHS Trust was losing more than one million a week. If some sturdy measures would not have been taken to save the trust then there were probable chances that it would have got closed.
There are some, who are not convinced with the allotment of special correspondents. One among them is Gail Adams, who is the head of nursing at Unison. Adams affirmed, "The upheaval and uncertainty of turning the hospital over to a private company would only set this vital process back".
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