Public sector organisations operate in a dynamic and highly regulated environment. We are able to provide expert financial advice on health matters, through our public sector consultancy arm, FourSight.
Strategic Health Authorities (SHAs)
- Outsourcing staff on an interim management basis from one month to one year;
- our specialist staff can undertake financial management consultancy assignments;
- preparing monthly and year end financial accounts;
- managing hosted organisation budgets;
- managing treasury functions;
- assisting with reorganising the commissioning arms of SHAs;
- business case evaluation.
Primary Care Trusts (PCTs)
- Interim management support from director of finance position to junior accounting staff;
- providing IFRS implementation advice, including a detailed financial impact assessment and restatement of opening balance sheets;
- providing year end financial and monthly management accounts support;
- performing detailed investigations on the financial effects of implementing changes in Government policy such as the implementation of the New NHS Framework for Continuing Healthcare;
- managing primary and secondary healthcare budgets;
- managing the commissioning finance functions
- managing the separation of commissioner and provider functions;
- representing PCT’s on National Finance Groups;
- business case evaluation;
- completion of 5 year financial plans.
Acute and Mental Health Trusts
- Interim financial management support from director of finance to junior accounting staff;
- commissioning reviews to determine the effect of Payment by Results (PbR) on Trusts budgets;
- managing turnaround and recovery process for Trusts;
- developing zero based budgeting models;
- providing financial support for business cases for the modernisation of secondary and primary health care services based on the Treasury Green Book;
- producing reference costs based on standard methodology;
- costing of healthcare services for use in budgets;
- monitoring performance of Service Level Agreements (SLA);
- providing year end financial and monthly management accounts support.
General Practioners
- Developing pricing models for GP practices, to enable GP practices to tender for Equitable Access in Primary Care Medical Services (EAPC);
- preparing monthly and year end financial accounts;
- providing tax advice;
- providing financial advice to GP practices to enable maximisation of income from PCTs.
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From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
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Our international network, UHY, welcomes new member firm in Tunisia, CNBA.
Hot on the heels of an announcement from HMRC that the closure date for the Liechtenstein Disclosure Facility (LDF) has been extended to 5 April 2016 has come speculation that the local banks are pushing for much higher transfers of funds into Liechtenstein and a minimum period for which any account must be kept open.
