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News Article

Healthcare Finance June 2008

Date: 04 Jun 2008


The June issue of Healthcare Finance has now been published with a new look for the magazine. The redesigned issue includes an in-depth look at how one trust has pioneered patient level costing to underpin its move to service line management. We also examine who is using what in terms of key financial systems in the NHS. And we visit Swindon to understand the economy’s experience with unbundling the tariff for stroke rehabilitation. The issue also examines the reasons why short lists for senior NHS finance roles may be getting too short, using findings from the association’s major recruitment survey involving some 450 finance managers.

Full contents include:

NEWS
Nicholson hails headroom created by £1.7bn surplus
Prime minister signals links to outcomes
Financially challenged trusts agree debt settlements
Commission finalises PCT resources assessment
Unsocial hours costs within set limits
Delayed NPfIT to save £1bn
Rural care findings prompt NRAC review  
Soft pedal on P4P says Nuffield PbR, Perform management
News analysis: Top attractions?


COMMENT

Leading question: HFMA chairman Chris Calkin asks whether senior managers need greater exposure to risk and responsibility to develop into tomorrow’s finance leaders.

Steering true on risk: A puncture at high speed is a risk all bikers have to face, but it doesn’t put them off biking. Countess of Chester Hospital Foundation Trust finance director Jane Tomkinson says risks can be managed on the way to better services.

Awarding time: HFMA chief executive Mark Knight suggests this year’s expanded HFMA Awards programme is the perfect way to celebrate excellence in NHS finance.


FEATURES

The right level Service line reporting can get you so far with performance improvements. But the experience of one London hospital is that if you want the full benefits, you need to be able to analyse cost data down to the patient level.

All systems go Financial systems can help unlock efficiency savings and provide information for patient level costing and service line management. An HFMA survey has shed light on how they are used.

Untying the knot Unbundling the tariff is critical if money is to follow patients and encourage appropriate alternatives to hospital treatment, but so far there has been little progress. We report on one small pilot in Swindon.

 

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