Magazine / Healthcare Finance June 2023
Features
NHS performance is hot news all year, but the ultimate performance report appears to slip out unnoticed
Not investing in the reduction of inequalities because of current financial pressures is a false economy.
An HFMA roundtable, supported by Optum UK, said the NHS needs to improve digital business cases and fix an imperfect allocation and approval process.
News
The government finally appeared to take the brakes off its new hospital programme (NHP) with an announcement towards the end of May.
Around one third of integrated care systems are forecasting a combined deficit of £650m in 2023/24, NHS chief financial officer Julian Kelly told the
The government’s current approach to funding preventative care services might be working against the NHS’s aims.
The NHS pay dispute reached a partial resolution in May, with most unions representing staff covered by the agenda for change pay framework.
Comment
The NHS finance function faces significant challenges and the HFMA is gearing up to provide support to members.
Systems are sitting on significant levels of financial risk, says Lee Bond.
The new hospital programme is moving forward at a cost of more than £20bn, but further funding will be needed, says Steve Brown.
Technical
Since capital accounting was introduced in the NHS back in the early 1990s, tangible and intangible assets have been held at valuation.
Paul Hughes, former head of financial projects at Birmingham Women’s and Children’s Hospital NHS Foundation Trust (BWC)
Recent technical developments
The HFMA has launched two qualification programmes.
Related content
The Institute’s annual costing conference provides the NHS with the latest developments and guidance in NHS costing.
This conference provided those responsible for financial reporting the opportunity to start to plan for the financial year-end.