FourSight are currently assisting a number of PCT providers and Trusts with achieving Foundation Trust status. Particular emphasis been placed on:
Identification of innovative and successful CIP programmes. Working with Operational, Corporate and Medical staff to ensure ownership and commitment to achieving sustainable savings. Setting up reporting mechanisms to identify on a monthly basis the level of savings to inform both the staff and Board;
Providing work shops to disseminate FT information through out the relevant levels of the organisations operational and finance staff;
Providing project management support to the process;
Designing bespoke finance and activity templates to improve audit trails and scenario modeling capability;
Completion and submission of the LTFM including analysis for future year implications;
Liaison with Monitor and auditors carrying out High Level Due Diligence, including completion of templates and putting together the information pack requests from Monitor and the auditors.
A Picture for Health is a redesign of the provision of acute healthcare in the south east of London to address the urgent clinical and financial issues present in Greenwich, Bexley, Bromley and Lewisham. FourSight provided high level and detailed financial and activity modeling support to the PCTs during the consultation period.
SLR provides invaluable information about the financial impact of individual services provided by Trusts and PCTs, helping to inform the management decision-making process and ensuring clinical involvement. FourSight can advise on and assist with:
Allocation of costs and income to service lines;
The structure of reports;
Reconfiguration of financial systems;
Strategies to improve service efficiencies;
Efficient allocation of resources, to help ensure high quality patient outcomes;
Engagement of clinical staff in financial management.