Making money work in the health and care system
- Authors:
- PWC, HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION
- Publisher:
- PwC
- Publication year:
- 2018
- Pagination:
- 56
- Place of publication:
- London
This report explores how financial flows could be redesigned to find a better way to make money work in the health and care system. The research for the report draws on the views and expertise of a range of experts, from academics, to finance directors, to Non Executive Directors (NEDs), and taken into account previous research. The report is based on: a desktop review of current research, academic thinking and evidence from the UK and internationally; one to one interviews with key stakeholders, decision makers and influencers who currently work in the NHS; a survey of HFMA members, with 203 respondents working in finance roles within the NHS; and round tables with a diverse range of individuals including NEDs and finance leaders from the NHS and local government. The report sets out why change is necessary and proposes a number of radical financial reforms so that benefits to patients are maximised and resources are put to their most effective use. It proposes that: financial flows should be aligned with the emerging place based architecture; systems should be provided with more clarity through longer-term funding and money should be focused towards achieving better outcomes. (Edited publisher abstract)
- Subject terms:
- financing, NHS, health care, social care, models, public expenditure, integrated services, costs;
- Location(s):
- England
- Link:
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