Magazine article Public Finance

Good News on Mental Health Trust Finances

Magazine article Public Finance

Good News on Mental Health Trust Finances

Article excerpt

Mental health trusts are more likely to break even than acute hospitals but they must strengthen their financial management, the Audit Commission said this week.

Despite facing similar cost structures and pay pressures, the percentage of mental health trusts failing to break even had fallen below 5% - while in acute trusts this had risen above 40%.

However, this positive picture masked problems in financial management, including the quality and availability of data needed to make sound financial decisions.

In its report Managing finances in mental health: a review to support improvement and best practice, the commission said primary care trust spending on mental health varied widely and most PCTs did not have the information required to understand the financial implications of current and proposed policies and treatments. …

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