Financial management

Budget, forecasting, reporting, internal control processes and cash management are the five key enablers of effective financial management. PCT finance directors need the right information, at the right time to be able to discharge their responsibilities effectively and provide sufficient support and challenge to fellow directors, providers and clinicians on an ongoing basis.

With an annual income of £4bn purely from health and care services, Bupa is well placed to provide expert advice and support on financial management whether that be systems, processes or skills. We also appreciate that what is required to achieve best practice is very different to what is required to achieve turnaround.

What we can do for you

• Cash management: cash flow forecasting and treasury management.
• Budgeting and forecasting: real time dashboards and variance analysis.
• Management information: we can create faster, broader and deeper regular management information by exporting your data to our own systems platform.
• Control and audit processes: automatic review of large volumes of transactions for billing compliance and utilisation management purposes, systems audits.
• Process outsourcing: we have partnered with Capita who have extensive experience of outsourcing with the public sector. This includes month end reporting processes, financial systems hosting and maintenance, and payroll.
• Data collection: deployment of mobile data collection solutions to provide information on in house PCT care delivery functions.

The benefits are:

• accurate, timely, added value management information to aid decision making and strategic planning
• collect new data about your direct provider activities to identify opportunities to shift care setting or change care pathways to deliver enhanced value or service to patients

Next steps...

• Find out about other services available to you
• Send an email enquiry
• Contact us on 0845 600 3036