NHS finance: how to understand and influence how funds flow around our system

A Management in Medicine seminar.

In this seminar, we will briefly explore the way funds flow around the NHS system. Importantly, we will discuss value in the NHS and why a focus on ‘savings’ might not be the right one. This session will examine how to create value and make a case for securing funds to make changes happen. We will review some of the different incentive and contractual models in use in health and care and look at why their success requires a good mutual understanding between clinical and financial disciplines.

Andrew Smith has extensive experience in the health sector: an alumnus of the NHS Financial Management Training Scheme, he worked for 5 years in various finance role in commissioning and also at a large Acute Hospital, followed by 7 years at the Department of Health’s Commercial Directorate, responsible for several multi-billion pound commercial transactions. Andrew wrote procurement guidance for the NHS and has, for the last 7 years, been designing new incentive models and shared saving contracts for health and care systems across England.

Certificates of attendance will be provided for those that want one on completion of an online feedback form made available a week after the seminar.

Coffee, tea and sandwiches will be available in the Stables Bar from 18:15.

For further information please contact donna.mcmenemy@gtc.ox.ac.uk