financial climate: challenges for regulation 15 may 2009

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Financial Climate: Challenges for Regulation 15 May 2009

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Page 1: Financial Climate: Challenges for Regulation 15 May 2009

Financial Climate: Challenges for Regulation

15 May 2009

Page 2: Financial Climate: Challenges for Regulation 15 May 2009

1. 2 Case Studies:

• Republic of Ireland (Health Information and Quality Authority)

• England (Care Quality Commission)

2. General Discussion

Page 3: Financial Climate: Challenges for Regulation 15 May 2009

Health Information and Quality Authority

Page 4: Financial Climate: Challenges for Regulation 15 May 2009

National Context

Republic of Ireland: 4.2m populationSplit health and social care provider market – monopoly state provider/commissionerStrong health insurance componentPreviously strong economy now significantly challengedOngoing budgetary cuts – impacting on provision and regulation of services

Page 5: Financial Climate: Challenges for Regulation 15 May 2009

Background (HIQA)

Established May 2007Independent – reporting directly to Minister for Health and Children

FunctionsSetting Standards Monitoring Quality and Safety in Healthcare – moving to licensing Regulating Social CareHealth Technology AssessmentHealth InformationDriving patient safety initiatives

Page 6: Financial Climate: Challenges for Regulation 15 May 2009

Impact of Financial Climate

Page 7: Financial Climate: Challenges for Regulation 15 May 2009

National Challenges

Significant fiscal challengesReducing State Agencies – reviewing purpose, functionFailed financial regulation – impact on regulation in other sectorsExamples of poor corporate governance and public spend in State AgenciesPoor decisions on quality and safety when sweeping budget cuts

Page 8: Financial Climate: Challenges for Regulation 15 May 2009

Regulatory Challenges

Delayed commencement of statutory functionsModels of regulation and monitoring within reducing resources and associated risksCosting models: public to fee-basedTargeting the right interventions for maximum impactDemonstrating value for moneyRecommending improvements associated with new resources

Page 9: Financial Climate: Challenges for Regulation 15 May 2009

Regulatory Opportunities

Creative approach to interventionsFocusing on what’s importantImproving informed decision-makingEstablished Forum for Chief Executive’s of all Health and Social Care Regulators in Ireland (14) – collaboration in business processes, reducing burden of inspection, information exchange, informing policy – national and international networks

Page 10: Financial Climate: Challenges for Regulation 15 May 2009

And how is it for you…?