A guide to finance for hospital doctors (UK) – 9 July 2009

Posted on July 9, 2009. Filed under: Health Economics, Medicine | Tags: , |

A guide to finance for hospital doctors (UK)  Released  09 July 2009

Summary

“The Audit Commission and the Academy of Medical Royal Colleges have jointly published a short, practical manual that aims to help hospital doctors to get to grips with the way the money works in the health service. By understanding how the money flows and some of the principles of financial management in the NHS, hospital doctors will be well equipped to deliver better patient care.

The guide is aimed at medical students and doctors in the early stages of their training.

The guide was produced following the Audit Commission report, A prescription for partnership, published in December 2007, which clearly illustrated the benefits to patients, clinicians and the NHS as a whole when doctors are fully engaged in the finances of the hospitals in which they work.

A joint statement on clinicians and finance was also published in February 2009 by the Audit Commission and the Academy of Medical Royal Colleges, along with the Royal College of Nursing, the NHS Institute for Improvement and Innovation, the Healthcare Financial Management Association and the Department of Health.

You can watch a video of Andy McKeon, the Audit Commission’s Managing Director for Health, and Professor Dame Carol Black discussing the guide and the importance of clinical engagement in financial management.”

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