To improve transparency of public hospital funding in Australia.
To support the obligations and responsibilities of the Administrator through best practice administration of public hospital funding.
The Strategic Direction 2020-24 outlines five key objectives that must be met to fulfil the organisation’s purpose and create value for stakeholders and partners.
Achieving our vision depends on our ability to collaborate openly and constructively with our stakeholders and partners, support the Administrator of the National Health Funding Pool (the Administrator) and keep ahead of challenges in our environment.
Our commitment to best practice financial administration and continuous improvement will give our stakeholders confidence and preserve our unique role in the health system.
Improving transparency also requires us to enhance our core capabilities, better utilise our resources and adopt innovative approaches.
In undertaking our role we must identify and effectively manage risk. We also need to ensure our impartiality and maintain the integrity of the Administrator’s role.
Effective engagement with risk is necessary to support the obligations and responsibilities of the Administrator to provide best practice administration of public hospital funding in Australia. Communicating what is acceptable engagement with risk is the first step in embedding risk tolerance in our workplace culture.
The 2020 Risk Tolerance Statement allows our organisation to set objectives, comply with legal and policy obligations, allocate and utilise resources, and improve transparent and accountable decision making. A culture where we all understand our role in managing risk in our work will ensure we are successful at achieving our vision.