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Northumbria wins regional finance award

Wednesday, 03 July, 2019
Northumbria wins regional finance award

Northumbria Healthcare NHS Foundation Trust has won a regional award which celebrates its strong financial position.

The trust’s financial management team was named public services finance team of the year at the North East Accountancy Awards 2019.

The team has, amid challenging financial times for the NHS, enabled the trust to be classed as one of the country’s most financially stable with the best financial risk rating.

Through the team’s strong financial management and drive for efficiency, the trust is one of only a handful of NHS organisations to record a surplus. This has allowed it to continue to promote high quality patient care while concurrently investing £150million in new facilities and equipment over the next five years.

Paul Dunn, executive director of finance at Northumbria Healthcare NHS Foundation Trust, said: “While effective financial performance has always been important in the NHS, the unprecedented scale and complexities of the challenges faced in today’s climate means it is now more significant than ever.

“Our financial management team is fundamental to the trust’s financial success to date as we look to deliver even better value for money from existing spending and new resources and be as efficient as we can be.

“It is this strong financial management over many years that has enabled our trust to continue to invest in services and patient care and we are delighted that our efforts have been recognised at a regional level.

“We are, however, under no illusions as to the stark challenges that lie ahead, however, these solid foundations we’ve worked hard to build put us in the best possible position to face them.”

The financial management team liaises closely with managers and clinicians across the trust, working together to ensure all departments are operating as efficiently as possible.

The awards, now in its 13th year, celebrate excellence within the fields of finance, accounting and tax from all industry sectors operating in the north east.

Media contact:

Jaclyn Curry – Northumbria Healthcare NHS Foundation Trust

0191 203 1654 / 07833 046680