CAPABILITY STATEMENT

Why was Health Financial established?

Health Financial was created as a result of the Victorian health sector indicating to its member organisation the VHIA that it required a quality and competitively priced financial management and consulting service that understood their environment and was able to focus on their unique needs.

What Services does Health Financial Provide?

The Services that are available from Health Financial include:

Audit and Management

Ensure that all health services meet the requirements of The Financial Management Act, Financial Reporting Directives and Financial Management Compliance

Internal Audit facility

Assisting the organisations with an ongoing internal audit processes.

Risk Management

Design, implementation and management of organisational risk management systems incorporating both corporate and clinical risk.

Governance

Induction and Training of Executive and Board Members in Governance and Finance and Audit policies and processes. Undertake Governance reviews and creation of organisational policies and procedures

Executive Remuneration

Advice to Boards and Chief Executive Officers including market review of Executive remuneration in line with Govt Policy & GSERP guidelines

Chief Executive Officer Recruitment

Medical Staff Recruitment

Salary Packaging

As part of a detailed recruitment and retention strategy we provide salary packaging and all associated benefits to support you and your staff

Strategic Planning

Demographic analysis, organisational design and strategic planning. Assisting organisations to determine their service profiles in the most efficient / customer responsive methods possible.

Contract Management

Design, implementation and management of organisational contract management processes and procedures.

Planned and Reactive Management Services

We retain key industry experts to provide planned and reactive services, auditing and improvement processes in a specific specialist areas such as

• Environmental services,
• Fleet / supply chain management,
• Patient Transport,
• Infrastructure and capital management (including contractor management),
• Human Resource Management,

• General operational policy design and implementation,
• Legislative Compliance,
• Diagnostic services (e.g. pathology, radiology)
• Security management,
• Management of Energy and Utilities (including telecommunications and postal services),
• Auditing of VMO Payments
• Analysis of key service specific functions in areas such as Residential Aged Care, HACC and Community services. Examples include the review of RCS Documentation, care payments and residential co-payments to ensure that revenue opportunities are maximised.
• Skill Development and Maintenance Programs for staff and senior management.

Medical Clinic Accreditation

• Preparing and facilitating the processes of Medical Clinic Accreditation

Training Services

Health Financial offers a range of training programs for health professionals, which can be delivered on site or at the Health Financial offices

The training programs are designed specifically for the needs of the health professionals, managers and Board members

Topics that are frequently delivered include Governance, Strategic Planning, Risk Management, Duty of Care, Documentation, Privacy and Human Resource Management

How does the Health Sector Benefit from Health Financial?

Health Financial is a boutique firm that has experienced professionals, with low overheads that can provide a quality financial management services at a competitive price.

The experience and skills of our people ensure pragmatic and professional advice in a timely manner.