BusinessCompany NewsPart-time FDs managing £40bn NHS budget

Part-time FDs managing £40bn NHS budget

£40bn of taxpayers money earmarked for the National Health Service is being predominantly administered by part time finance directors, a new survey has revealed.

Link: Financial practices at NHS ‘patchy’

An NOP poll looked at 50 primary care trusts in England and found that two-thirds of finance directors were not full time employees, while almost half (four in 10) lacked an IT director.

Hudson, the recruitment firm which commissioned the survey, said such large budgets would require full-time FDs in the private sector, and compared their size to companies like Wessex Water, Costa Coffee and Lastminute.com.

Andrew McNeilis, Hudson’s European commercial director said modernising the NHS without experienced senior staff was almost impossible.

‘In our experience, in the private sector, the role of financial director managing budgets of this magnitude is almost invariably full-time.’

Sandra White, chair of the Institute of Healthcare Management, described the findings as worrying and said they could have implications for the performance of PCTs trying to fulfil their responsibilities.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor