Association takes 30-year view
Looking ahead: the NHS at 100, sponsored by NHS Future-Focused Finance, considers the challenges likely to be faced as the service edges towards its centenary. Demographic change; changing roles of the state, society and the individual; and technological developments will all affect how the finance function works and the skills finance staff will need, it said.
For example, the UK demography is changing. By 2048, the number of over-85s is set to rise to 3.9 million – more than double today’s number – and 70% of them will have at least one long-term condition. Investment in prevention requires a long-term outlook, the report said, and the wider public sector must realise that investment in one area may lead to savings in another.
The report, which draws from a roundtable discussion and interviews with senior finance professionals and accountancy bodies, along with published research, also examines how the finance function could change and the issues that must be considered to maintain the support provided by finance professionals in the long term.
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