Countess of Chester Hospital NHS Foundation Trust 2007/2008: Use of resources
This organisation became a foundation trust in April 2004.
This score looks at how well this organisation manages its finances.
Use of resources
Rating: Excellent
| Year | Rating |
|---|---|
| 2006/2007 | Excellent |
| Year | Rating |
|---|---|
| 2005/2006 | Fair |
Countess of Chester Hospital NHS Foundation Trust has been assessed as performing strongly with a relatively low financial risk.
| Similar Trusts | Rating |
|---|---|
| 39.6% | Excellent |
| 24.3% | Good |
| 29.0% | Fair |
| 7.1% | Weak |
Comment
This foundation trust has been given a score of excellent for use of resources as it received the best financial risk rating from Monitor. It is likely to be demonstrating the strongest financial performance, both historic and projected. Monitor have no regulatory concerns regarding this trust which is subject to minimal monitoring.
Working with Monitor
Countess of Chester Hospital NHS Foundation Trust's score for use of resources is based on an annual financial risk rating awarded by Monitor, the independent regulatory body for NHS foundation trusts. Monitor uses this financial risk rating to work out how closely it needs to monitor the performance of each foundation trust. We then use it to determine how well foundation trusts are managing their finances. We are working with Monitor to ensure we don't place too much of a burden on healthcare organisations.
Monitor regulates NHS foundation trusts, making sure they are well-managed and financially strong so that they can deliver excellent healthcare for patients.
More about the annual risk rating awarded by Monitor (opens in new window).
