HFMA year-end survey highlights audit as rising concern
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For legislative change to work, you need to be clear about the intended outcome
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Changes are needed to the capital system, but estates and finance staff also need to work better together and speak each other’s language
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The NHS needs a new system to allocate capital to support investment in transformation
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Three new accounting standards come into force over the next two years and NHS bodies need to prepare now.
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Health economies are showing increasing interest in using wholly-owned subsidiaries to deliver services such as estates and facilities management and outpatient pharmacy. But this takes some finance teams outside their comfort zones.
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The NHS may be waiting for Treasury guidance to understand fully the implications of new accounting rules for leasing, but local bodies need to start preparing for the change now.
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In an era of system working and partnership, mergers have taken a back seat. But formal restructuring is still a live issue in some areas and there is practical help available to support finance teams.
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