News / HFMA and CIMA team up on Strategic Scorecard

The HFMA has set up a partnership with CIMA to promote the use of the accountancy institute’s Strategic Scorecard within the UK NHS.

There have been concerns in recent years that boards have increasingly involved themselves in operational issues, too frequently monitoring detailed performance for instance. However, there is a growing recognition that boards should instead focus on more strategic issues, such as demographic changes, medical developments and government policy.

Billed as being complementary to the Appointment Commission’s Intelligent Board report in 2006, the CIMA Scorecard provides a tool to help NHS boards address their individual strategic issues and provide structure and processes to deal with them effectively. It is structured around four dimensions: strategic position, strategic options, strategic implementation and strategic risks.

Charles Tilley, CIMA chief executive said effective strategy was key to driving success. ‘The CIMA Strategic Scorecard provides a process for all the aspects of strategy to be discussed, reviewed and monitored by boards and the scorecard’s framework can be easily adapted to suit any organisational structure,’ he said. 

HFMA chief executive Mark Knight added: ‘Our experience from working in the service tells us that that boards need to concentrate their efforts on the strategic issues that affect their organisation. This programme offers them a format to enable them to do that in a structured and focused way.’

More details on www.cimaglobal.com


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