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.
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