Balancing act: supporting finance leaders to deliver on short- and long-term priorities 15
Next steps There is no doubt there is increased uncertainty, turbulence and pressing asks of leaders throughout health and social care. This makes it as important as ever to maintain one eye on the longer-term, have a shared ambition, and hold true to the conviction to deliver on both long- and short-term priorities. The complexity finance leaders are facing is clear.
It is hoped that the materials made available in this publication will be of use in the coming months and beyond as trusts and systems develop their plans for the delivery of the 10-year plan while delivering on short-term priorities. Leaders have also valued the opportunity to come together and share experiences throughout this project and both the HFMA and Newton are committed to continuing to support these conversations – locally and nationally. Further opportunities for support in applying the tools, frameworks, and thinking to individual system or organisational contexts and to share experiences of doing so with peers will be made available through various upcoming HFMA events and forums.
The success criteria and requirement to balance quality and finance objectives over multiple time horizons are continually changing, and delivery is increasingly dependent on multi-disciplinary and/or multi-agency collaboration. Clarity on NHS funding (both capital and revenue) is paramount in supporting proactive and reactive behaviours. Success can only be achieved in this environment by establishing trusted working relationships with system partners and having a shared mindset around collaboration and shared success. As the financial pressures increase, one thing is increasingly evident – there is a critical role for the finance leader, and they will need to be equipped with the appropriate tools, frameworks, and financial criteria to set them up for success in support of the health outcomes of the United Kingdom. The engagement with finance leaders throughout this project has surfaced a wealth of positive thinking and best practice examples, as well as proving a welcome opportunity for the ‘headspace’ required to navigate the complexity of this topic.
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