Risk Assessment Framework for foundation trusts
E603860
The Risk Assessment Framework for foundation trusts was a regulatory system used by NHS England to monitor and evaluate the financial and governance performance of NHS foundation trusts.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
NHS regulatory system
ⓘ
regulatory framework ⓘ |
| aim |
identify foundation trusts at risk of failure
ⓘ
support early regulatory intervention ⓘ |
| appliesTo | NHS foundation trusts NERFINISHED ⓘ |
| appliesWithin | NHS provider regulation system ⓘ |
| basedOn |
financial indicators
ⓘ
governance indicators ⓘ performance metrics ⓘ |
| component |
compliance requirements
ⓘ
escalation and intervention processes ⓘ financial risk ratings ⓘ governance risk ratings ⓘ |
| country | England ⓘ |
| financialArea |
capital structure
ⓘ
income and expenditure performance ⓘ liquidity ⓘ |
| focus |
financial performance
ⓘ
governance performance ⓘ |
| governanceArea |
board effectiveness
ⓘ
quality governance ⓘ risk management systems ⓘ |
| governs | regulatory relationship between NHS England and foundation trusts ⓘ |
| legalContext | NHS foundation trust licence regime ⓘ |
| monitors |
breaches of licence conditions
ⓘ
continuity of services risk ⓘ financial sustainability risk ⓘ governance and leadership risk ⓘ |
| objective |
ensure continuity of essential NHS services
ⓘ
maintain financial discipline in foundation trusts ⓘ promote effective governance in foundation trusts ⓘ |
| predecessorOf | Single Oversight Framework NERFINISHED ⓘ |
| purpose |
evaluate risk to NHS services
ⓘ
monitor NHS foundation trusts ⓘ protect patients and public interest ⓘ |
| regulator | NHS England NERFINISHED ⓘ |
| replacedBy | Single Oversight Framework NERFINISHED ⓘ |
| sector | National Health Service NERFINISHED ⓘ |
| stakeholder |
Department of Health and Social Care
NERFINISHED
ⓘ
NHS foundation trust boards NERFINISHED ⓘ patients and service users ⓘ |
| typeOfRiskFramework |
compliance-based risk assessment
ⓘ
performance-based risk assessment ⓘ |
| usedBy |
Monitor (NHS regulator)
NERFINISHED
ⓘ
NHS Trust Development Authority NERFINISHED ⓘ |
| usedFor |
determining level of regulatory oversight
ⓘ
prioritising regulatory resources ⓘ regulatory decisions on enforcement actions ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.