Finance, Cost-Improvement & Business Planning

Developed in conjunction with a Senior NHS Finance Director, this course is designed for the consultants, senior nurses and PAMs who would like NHS finance and business planning demystified to the point of being understandable and manageable. Particular emphasis on what it takes to be financially successful in today’s NHS environment, the course balances detailed understanding of the principles and process of NHS money flow with practical skills to operate successfully ensuring services survive and thrive in the new market economy.

Healthcare reform into a competitive, market economy creates the necessity to engage in active business development in all its forms. It is essential that the right skills and approaches are adopted to maximise opportunities whilst minimising risk. This comprehensive course covers everything from identification of opportunities, through the actual business development process and onwards to tendering. Practical, innovative and designed to give your service the edge in a competitive landscape.

The NHS is likely to suffer a funding shortfall of around £15 billion in the three years post 2010/11 and consequently cost improvement can now be seen as a continual process, not an episodic activity. More importantly, it is vital that cost improvement is approached in an intelligent, collaborative manner with full regard for the necessity to deliver clinical excellence. This course enables you to gain maximum returns with minimal impact, whilst ensuring that patient care and staff morale remain at the heart of the process.

A fundamental component of both finance and the business of health in general is the creation of effective business cases to support activity, investment, strategy and purchasing decisions. It’s a role that every consultant or clinical leader is called upon to undertake from time to time. Creating an effective business case has a big impact on your service.