What’s the secret of successful integration? There are many factors in play, but perhaps the most basic requirement is to ensure that the people involved understand each other. CIPFA, working in partnership with HFMA, has updated the Glossary for NHS and local government finance and governance (PDF, 348 KB).
This helpful guide sets out what finance staff in the NHS who are working with local government need to know about how local government works, and explains what finance terms mean in local government. Similarly, it explains the health system and its terms for the local government reader.
Such knowledge is made more important by the use of different terms to mean the same thing or some of the same terms, such as ‘balanced budget’ or ‘over-performance’, to mean different things.
If you are confident, congratulations! You may not need the glossary – though you may know someone who does. If you’re not so sure, the glossary can help and is available to download below:
Glossary for NHS and local government finance and governance (PDF, 348 KB).