The health and care system is under significant financial and operational pressures. Both of which are on the rise.
And with funding increases of at least 5% a year required to meet the NHS’ needs and improve services1, the big question is, what can be done to improve financial sustainability?
Adopting a collaborative approach
To cope with this evolving healthcare environment and to become financially sustainable, the NHS needs to operate as a collaborative local health and social care system. With more effective interventions and care pathways. Patients should only be hospitalised if they need to be. To achieve this requires more holistic and longer-term strategic thinking. Working more collaboratively with local government and the private and third sectors.
As a team, we have been working with the NHS and local authorities for over 30 years. And are the largest employer of CIPFA members and students in the UK. Our national team of NHS specialists provide a range of assurance, tax and advisory services. Our approach combines a deep knowledge of the NHS, supported by a wider understanding of public sector issues. We understand regional differences and, through proactive, client-focused relationships, our teams deliver solutions in a distinctive and personal way. Not through pre-packaged products and services.
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We can help you achieve your objectives with the following services:
Our healthcare advisory and consulting team is one of the most experienced in the market. We have a thorough understanding of the NHS and its dynamics, as well as a deep knowledge of the medical sector as a whole.
We provide a full suite of advisory services including:
- corporate finance
We are the second largest supplier of external audit services to the NHS. And we work with over 150 NHS organisations including Foundation Trusts, Trusts (acute, specialist, mental health, community and ambulance) and Clinical Commissioning Groups.
We can provide you with external assurance services covering:
- Statutory audit
- Value for money audit
- Quality account/report assessments
- Financial reporting advice/solutions
We undertake corporate, financial and quality governance reviews, focusing on actions that can deliver rapid and practical improvements, including strengthening your board's capacity and capability.
How we can help you:
- Well-led reviews
- Financial governance reviews or investigations
- Bespoke reviews into specific governance arrangements
We offer both an outsourced and a co-sourced service to NHS bodies.
Examples of the internal audit services we can provide you:
- High quality internal audit across the full range of governance, risk management, and internal control systems
- Specialist IT, GDPR and cyber security reviews
A critical role is played by local counter fraud services in preventing, detecting and investigating fraud in the NHS. We work with a number of NHS clients supporting them in the development of strong business processes in areas such as logistics, supplies, operations, financial and data services.
Our counter fraud specialist team will provide you with the following services:
- Creating an anti-fraud culture and anti-fraud deterrents
- Preventing fraud by designing fraud-proof processes and systems
- detecting fraud through process compliance reviews and data interrogation
- Advising on sanctions including the appropriate combination of criminal, civil, disciplinary and regulatory sanctions
- Pursuing redress and recovery of losses as agreed