Get the right leadership in place
Get the right leadership in place. Strong organisations recognise they need people with the capability, time and commitment to lead and deliver financial recovery programmes, while also improving operational performance and quality of care.
Find the underlying causes of financial challenges
Find the underlying causes of financial challenges, share these widely and gain buy in to these factors before acting on them.
Get discretionary spending under control
Get discretionary spending under control, gripping the organisation firmly.
Build a credible and easy recovery plan
Build a credible and easy recovery plan that acts quickly to stop the situation getting worse and improves things in the short and medium term while also understanding what needs to happen to make the change sustainable in the long term.
Communicate clearly to staff about what they need to do to change things.