The NHS Budget Holder’s Survival Guide – Nottinghamshire – East Midlands Leadership Academy

Many thanks to everyone who came to The NHS Budget Holder’s Survival Guide in Nottingham today. It was a pleasure to have your company.

It’s always interesting to see how people’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.

The objectives of the day are that by the end of the workshop, participants will be able to:

List their financial responsibilities

Get the best out of their finance department

Use a simple step-by-step method to interpret financial reports

Project and forecast future financial problems

List reasons for variances from budget

We covered how important it is to have a Budgetary Control Policy within your organisation if you’re going to have clear standards of financial support and clear policies for financial practice. Examples of Budgetary Control Policies include:
Lincolnshire Partnership – Budgetary Control Manual
The Shrewsbury and Telford Hospital NHS Trust – Budgetary Control Policy

Many thanks to everyone who made the day so successful. Remember – please use your Action Plan to improve your relationship with finance and make a difference to patients, clients and service users.