NHS Wales 'must manage finances better'

The NHS in Wales is improving the way it manages finances but standards vary too much, according to a report by the Auditor General for Wales today.

Some NHS bodies face serious challenges ahead in sustaining financial balance, it warns.

Most NHS bodies are effective in ‘stewardship' of public funds, emphasising control, probity, accountability and regulatory requirements but financial management is not yet able to play its full role in enabling transformation.

That is the conclusion of the report which asks: ‘Are the devolved financial management arrangement in NHS Wales effective?'

It found that only one trust, Ceredigion and Mid Wales, failed in its statutory duty to break even.

neil.durham@haymarket.com

Wales Audit Office website

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