NHS becomes fourth largest consulting market
NHS spending on consultants has overtaken that of the UK manufacturing industry, according to Accountancy Age's latest survey of the consulting market
NHS spending on consultants has overtaken that of the UK manufacturing industry, according to Accountancy Age's latest survey of the consulting market
The National Health Service now spends more on consultancy than the entire UK
manufacturing industry, and is the fourth largest market for consultants.
The latest survey on the consulting market by Accountancy Age
reveals the extent to which the NHS, currently struggling to manage its
over-budget IT programme, has become a key fee income provider for consultancy
firms.
The NHS is now the fourth largest market for consultants, and increased its
spending on consultancy by over 26% last year, adding an extra £67m. While this
was a much lower percentage and actual fee income growth than in the previous
financial year, the NHS pushed the manufacturing industry into fifth place on
the ranking list of large markets.
Financial services and central government contracts continue to be the most
lucrative markets for consulting firms and account for over half the total fee
income gain recorded for all consultancy markets combined, according to the
survey. Together they spent an additional £261m on consultancy last year,
accounting for two thirds of the total gain recorded by the seven largest
markets.
For more consulting surveys got to
www.managementconsultancy.co.uk
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleArtificial intelligence is no longer a futuristic concept but a present-day reality. As a result, the UK government is taking proactive steps to ensur...
View articleThe UK’s Pensions Regulator (TPR) has unveiled updated guidance for superfunds, introducing pivotal changes that accountants and financial plann...
View articleSue Perkins knows more than XBRL than expected. Xero’s CEO likes to get at least 80g of protein a day, which is hard since she’s a vegetar...
View articleDo your clients see you as an expense? In fact, do you see yourself as an expense to your clients? This shift requires a fundamental change in how acc...
View articleNearly eight in ten brokers (77%) believe that high street banks are scaling back their willingness to fund small and medium-sized businesses, accordi...
View articlePharma and life sciences companies should act now to prevent impact on drug production capabilities and business viability Read More...
View article476,000 UK SMEs will need an ESG plan in the next few years. Is your firm ready to support them? Read More...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View article