What is Working Day 1?
Working day 1 financial reporting is a practice introduced by Simon Worthington almost 20 years ago in a small primary care trust in the NHS, where budget reports are issued on the first day of the financial period. Mr Worthington and his team introduced this practice in Leeds Teaching Hospitals NHS Trust, and its adoption by other NHS trusts has been gradual. However, its advantages include faster reporting, putting the organisation on the front foot, creating a rhythm about the financial management cycle. In addition, working day 1 reporting allows finance teams to work earlier with operational teams to influence service and financial performance. While some concerns have been raised about accuracy, the practice has been implemented successfully, and trust in the finance teams’ judgment has been empowering.
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Working Day 1 Reporting – Leeds Teaching Hospitals NHS Trust.
Read the published innovation ‘Working Day 1 Reporting’ by The Leeds Finance Team, Leeds Teaching Hospitals NHS Trust.
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WORKING DAY 1 REPORTING – Warrington and Halton Teaching Hospitals NHS FT.
Read the published innovation ‘Working Day 1 Reporting’ by the finance team at Warrington and Halton Teaching Hospitals NHS FT.
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Working day 1 with outsourced financial services – Portsmouth Hospitals University NHS Trust.
Read the published innovation ‘Working day 1 with outsourced financial services’ by Steve Smith at Portsmouth Hospitals University NHS Trust.
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Working Day 1 Workshop – 2021
Watch back on the Working Day 1 online workshop that took place in October 2021, chaired by Mark Orchard, Chief Financial Officer, Portsmouth Hospitals University NHS Trust.
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Working Day 1 2021 event slides
Find the presentation slides for the Working Day 1 October 2021 workshop here.
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Working Day 1 Workshop – 2022
Watch back on the Working Day 1 online workshop that took place in November 2022, chaired by Mark Orchard, Chief Financial Officer, Portsmouth Hospitals University NHS Trust.
Watch Here
Working Day 1 2022 event slides
Find the presentation slides for the Working Day 1 November 2022 workshop here.
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Single Focus – Healthcare Finance article
Read the HFMA Healthcare Finance article Single Focus – ‘Working day 1 reporting can put an organisation on the front foot for performance and show it is serious about financial management.’
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