Medical accountants help doctors in struggling hospitals

Published on December 16, 2011 by Crawfords Accounting

Medical accountants can help doctors in struggling hospitals to be certain that their own finances are not exacerbating the problem for their employer.

According to a report from the House of Commons Public Accounts Committee, four out of five hospitals that have yet to attain foundation status are facing financial difficulties.

In some cases, these are compounded by private finance initiatives that leave the hospitals without total control of their own outgoings.

The consequence is that efficiency savings alone are not always sufficient to ensure the future viability of the hospitals concerned.

Doctors and other staff employed in such hospitals may want to enlist the help of specialised medical accountants to keep their own affairs in order.

With an ongoing focus on balancing the books, medical accountants can help doctors, nurses and surgical staff to be sure that their own income and outgoings are as they should be.

In turn, this commitment at the individual level may help struggling hospitals to find the firm base they need on which to build better financial performance in the future.

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