“A very useful session – pitched at right level.”

The board's role in financial control

The Board’s role in ensuring adequate financial controls are in place has never been more important to the NHS. This lively and informal session identified key issues board members must address to give assurance that financial stability will be maintained, risks will be identified and that policies and procedures promote good governance.
Financial jargon and understanding financial reports was covered in detail in practical workshop sessions and the event closed with ‘Ten Questions to ask your Director of Finance’.

Comments from today’s event include (with written permission received from each):

“Excellent session.” – Julia Brown, Managing Director, Enfield Community Services
“Really good.” – Maria Da Silva, Chief Operating Officer, Whittington Healthcare
“A very useful session – pitched at right level.” – Lynn Saunders, Director of Business Development, Lewisham Healthcare NHS Trust
“Questions were very good.” – Murray Keith, Director of Strategy & Business Development, Central London Community Healthcare NHS Trust

Resources

Here are the resources from the day:

Code of conduct: code of accountability in the NHS – 2nd rev ed – DH Publication
A Guide to Finance for Hospital Doctors – Audit Commission Report
Learning the Lessons from Financial Failure in the NHS – Audit Commission Report July 2006
NHS Foundation Trust Accounting Officer Memorandum – Monitor 17 April 2008
2012-02-20 The Board’s Role in Financial Control – Presentation Slides (pdf)
Jargon – 15 Jargon words or phrases in NHS Finance (pdf)

Ten Questions to ask your Director of Finance:
    1. What are the main reasons for any deviation from financial plan?
    2. What are the main risks to the organisation meeting its financial targets?
    3. What action needs to be taken to address any deviations and potential risks?
    4. What level of contingency reserve does the Finance Director have to deal with any emergencies?
    5. What is the Trust’s liquidity position and how does this relate to the reported I&E position?
    6. Why has the debtors/creditors figure changed?
    7. What action has been taken to reduce debtors and improve cash flow?
    8. What are the main risks to long term financial stability?
    9. How do the Trust’s costs and performance compare to other similar trusts?
    10. What steps are being taken by management to improve performance/efficiency?

Many thanks to everyone involved. Please feel free to get in contact if you have any queries or would like some support.

davidbaileyfcca

“A very engaging speaker who actually made me feel interested and excited about NHS finance.”

Finance and Health Economics

A pleasurable day working on the Children and Young People’s Improving Access to Psychological Therapies Service (CYP IAPT) Leads Programme being delivered at Salford Cognitive Therapy Training Centre. It is part of The Children and Young People’s IAPT Project. The Children and Young people’s IAPT Project asked universities and teaching providers (HEIs) to link up with local CAMHS partnerships to come together to transform their local CAMHS. I was involved in submitting a successful bid for one partnership to transform services. It’s therefore a pleasure to follow up this work with being engaged to train service leads in business skills to transform their services.

Comments from today’s event include (with written permission received from each):

“Excellent. Well done.” – Helen Macmahon, Service Line Manager, Derbyshire Healthcare Foundation Trust
“Very informative, good presentation and much enjoyed. Thank you.” – Scott Lunn
“Made a very (potentially) complex area seem easy and learning was fun.” – Sandra Embling, Operational Manager, Central Manchester Hospitals Trust
“A very engaging speaker who actually made me feel interested and excited about NHS finance.” – Sara Barnes, Service Transformation Lead CYPIAPT, Pennine Care NHS Trust

Resources

Here are the resources from the day:

The Green Book is HM Treasury guidance for Central Government, setting out a framework for the appraisal and evaluation of all policies, programmes and projects. It sets out the key stages in the development of a proposal from the articulation of the rationale for intervention and the setting of objectives, through to options appraisal and, eventually, implementation and evaluation. It describes how the economic, financial, social and environmental assessments of a proposal should be combined and aims to ensure consistency and transparency in the appraisal process throughout government.

The Green Book

The Magenta Book is HM Treasury guidance on evaluation for Central Government, but will also be useful for all policy makers, including in local government, charities and the voluntary sectors. It sets out the key issues to consider when designing and managing evaluations, and the presentation and interpretation of evaluation results. It describes why thinking about evaluation before and during the policy design phase can help to improve the quality of evaluation results without needing to hinder the policy process.

Magenta Book

Many thanks to everyone involved.

davidbaileyfcca

“A really informative session which challenged my knowledge and understanding.”

The NHS Budget Holder's Survival Guide

Oxford Health NHS Foundation Trust is a Trust going places as it expands its services from being a specialist mental health trust to integrate community services. Today’s The NHS Budget Holder’s Survival Guide was timely reminder of the continuing need for targeted financial training for managers and clinicians on all aspects of budgeting and finance..

Comments from today’s event include (with written permission received from each):

“A really informative session which challenged my knowledge and understanding.” – CMHT Manager
“Time went quickly. Thank you. Your manner and humour made the data more interesting and easy to understand.” – Team Leader
“The day was very interesting, useful and enjoyable. Went in a flash!” – B Hanscomb, CMHT Manager
“Extremely good day. Very informative.” – Mary James, Day Centre Manager
“Excellent – thank you.” – Sarah Hill, Deputy Manager
“Well facilitated session – kept interest in a difficult subject.” – Jo Maddin, Team Manager

Many thanks to everyone involved.

Downloads

HM Treasury – The Budget
This short video explains why the Treasury holds a Budget each year. It includes archive footage of six former Chancellors on Budget day

OECD Health Data 2011

How Does the United Kingdom Compare

davidbaileyfcca

“Excellent day – brilliant facilitator. The most interesting and informative financial study day – very relevant to role going forward.”

The NHS Budget Holder's Survival Guide

Another great day at 5 Boroughs Partnership NHS Trust running The NHS Budget Holder’s Survival Guide.

Comments from today’s event include (with written permission received from each):

“Very informative. Really makes you think.” – Debbie Simon, Tissue Viability Lead
“Really engaging style, made dry subject very interesting!” – Jean Parr, Provider Transformation Lead
“Excellent day – brilliant facilitator. The most interesting and informative financial study day – very relevant to role going forward.” – Bernie Carr, Locality Nurse Manager

It’s always interesting to see how staff’s confidence in interpreting financial reports can be transformed in just a day. I’ve spent two decades doing finance training within the NHS and have developed a Seven Step Method for interpreting financial reports using seven questions, making three calculations and taking no more than 15 minutes. It works every time.

Many thanks to everyone involved.

davidbaileyfcca

“Brilliant session.”

The NHS Budget Holder's Survival Guide

Another great day at Imperial College Healthcare NHS Trust running The NHS Budget Holder’s Survival Guide. It’s always a pleasure to visit Hammersmith Hospital, although the closeness of Wormwood Scrubs prison is always a little off-putting. I’ve been involved in running all guises of the Effective Ward Manager Programme and previously the Charge Nurse Programme.

Comments from today’s event include (with written permission received from each):

“It was a very good and interesting day.” – Anna Spearpoint
“I had no idea before the workshop. Now I will be able to sit in my meetings and not be scared.” – J Brown, Senior Staff Nurse
“Well organised and very good activity.” – E. Delmar, Senior Staff Nurse
“Thoroughly enjoyed the whole day and particularly the last exercise.” – Trish Ames, Sister
“Brilliant session.” – Lynn Drury, Ward Manager

Many thanks to everyone involved.

davidbaileyfcca