Working Day One Reporting

Leeds Teaching Hospitals NHS Trust, North East and Yorkshire, Acute



The problem

The Trust needs to improve the timeliness of quality financial management information to allow quicker decision making and facilitate appropriate corrective action by both the Trust Board and operational managers. This needs to be achieved with little/no reduction in accuracy of the information.

The challenge

How can we move from reporting monthly financial performance at working day 7 to working day 1 so that as an organisation we spend more time influencing the position rather than reporting it?

The outputs

  • Standard report template for Working Day 1 rolled out across Financial Management
  • Only Working Day 1 report requires update (this feeds other reports)
  • Procedure note available for staff to follow
  • Resulting in standard processes and work
  • Quality reporting on day 1 to facilitate improved internal decision making

The outcomes

  • Quicker & slicker
  • Less errors
  • Less inconsistencies
  • Available earlier
  • More time to invest in valuable commentary
  • Budget Manager receive key information on working day 1, which facilitates good decision making
  • Ability to update external stakeholders such as NHS E/I on day 1 as to the Trust’s overall financial performance
  • Ability to adapt to the changing external environment

The Innovation

Read the full innovation on working day 1 reporting

All the documents and resources relating to this innovation can be found in the downloads section at the bottom of the page.

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Innovation Q&A

Innovation Showcase, 8th July 2022

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What the peer-reviewers said

“Involving all disciplines cross the finance function would ensure all impacts are considered and overall agreement reached.”

“This innovation not only delivers the reduction in reporting timescales it has set out to do, but also delivers the output consistently and with less errors.”

“This idea has addressed a problem that occurs in many finance departments and by involving all stakeholders has successfully streamlined the process to provide greater financial influence supporting the service to provide effective patient care.”

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Here are all of the documents and resources related to this innovation

Innovation N1

Working day 1 reporting