From Private Finance Initiatives (PFIs) to the Future: The Next Era of Healthcare Funding
In this Expert Series video, Mark Griffiths, the founder of WMA Consultancy Services, discusses the legacy of PFIs in healthcare and the transition process.
Watch our video to discover what future funding models might look like as the NHS estate continues to evolve.
Raising standards in service delivery through PFIs
PFIs helped professionalise facilities management, particularly in the NHS. From introducing greater structure to raising standards through clearer accountability, they established a benchmark for service delivery.
Preparing for smooth and friction-free handback
Many contracts are now approaching the end of their lifecycle. Successful management of a PFI exit is key to mitigate future operational risks. If NHS Trusts and SPVs ensure robust contract management and coordinate effectively, the transition can be smooth and friction-free.
Mark stresses the importance of:
- Starting early and not waiting until the countdown.
- Being detailed and getting granular with planning and documentation.
- Treating it as business as usual, since handback is part of the contract and shouldn’t come as a surprise.
Watch our video to learn more about these key considerations.
Why partnership matters more than ever
Facilities management providers like Sodexo bring skilled resources to deliver change as well as the flexibility and innovation needed for the long term.
Mark mentions that client needs are paramount and providers need to set the quality standards, adapting to these needs and evolving service delivery over time. The partnership is key as it can support clients through diverse and complex challenges and provide the capabilities to mobilise new operating models.
Exploring future funding models
Collaboration, flexibility and shared long-term focus will deliver true value in future public-private partnerships. Mark points to the opportunities aligned with the NHS 10 Year Health Plan for England, particularly around:
- Neighbourhood care, including the repurposing of retail space into NHS-run diagnostic centres and community hubs.
- Digital transformation, tapping into innovative technologies that complement NHS expertise to improve patient care and efficiency.
Discover more in our Expert Series video as Mark Griffiths explores the lessons from PFIs and the opportunities for future healthcare funding models.
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