Higher than expected inflation has had an impact on revenue and capital budgets this year and this will carry into 2024/25 as an underlying pressure.
There have been renewed calls for increased capital investment after new figures show the NHS backlog maintenance has grown to £11.6bn.
The focus for next year needs to be on maintaining the additional capacity that has been introduced and bearing down on temporary staff costs.
Hardev Virdee, group chief finance officer for Barts Health NHS Trust, has been named the 2023 HFMA Finance Director of the Year.
Integrated care systems need to lead the shift towards prevention and earlier intervention and make better use of existing resources
The December 2023 issue of the HFMA's Healthcare Finance magazine.
Delivering value from digital projects requires a different approach to traditional investments, the HFMA annual conference was told this week.
Collaboration needs to be at the heart of the NHS as it looks to deal with significant operational and financial challenges.
Health systems should address health inequalities as the best way of dealing with current operational and financial pressures.
The new strategic framework for NHS commercial will make a key contribution to meeting the £12bn annualised savings the NHS has to deliver.