NHS finance chiefs hampered by inadequate funding and lack of management expertise

NHS finance chiefs hampered by inadequate funding and lack of management expertise

Senior directors in the National Health Service (NHS) are hampered by a serious shortage of funds, says a new survey published by ACCA.

The survey was conducted during the last month and its findings highlight the principle concerns of chief executives, finance directors and heads of finance, audit and resources.

Top of the list among their main challenges is inadequate funding to meet targets imposed by the government. The respondents are also faced by a reduction in management expertise at a time when central monitoring and control has been extended. Government departments want better services but at less cost and with fewer resources.

Resource allocation processes are confused and confusing, say NHS directors. That, in itself, is a major problem but it is coupled with changing government policy demands and unrealistic schedules for implementation. The poor quality of finance staff has also been a recurrent issue throughout the survey.

The concerns of directors and managers in the NHS are mirrored in the public sector as a whole. The ACCA survey also included senior level directors in central government, local authorities, education and executive agencies.

Government under fire over fears that resource accounting move will weaken auditor powers

Share

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1y Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

1y Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

4y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

1y Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article