Our vision
To improve transparency of public hospital funding in Australia.
Our purpose
To support the obligations and responsibilities of the Administrator through best practice administration of public hospital funding.
Our objectives
The Strategic Direction outlines five key objectives that must be met to fulfil the organisation’s purpose and create value for stakeholders and partners.
- Accurate and timely calculation of Commonwealth funding contributions
- Best practice financial administration of the National Health Funding Pool (the Pool)
- Effective reporting of public hospital funding
- Productive relationships with stakeholders and partners
- Operate as a high performing organisation
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.
Strategic direction 2024-28
The Strategic direction 2024-2028 highlights our five key objectives, our values and our behaviours as we strive to achieve our vision of improving transparency of public hospital funding in Australia.
Managing risk
Risk management is an essential component of sound business management and good corporate governance. Understanding risks and managing them appropriately enhances our ability to make better decisions, deliver on objectives and improve our performance.
Supporting our policy and framework are our Risk Management Instructions and Risk Tolerance.
These fundamental documents are reviewed annually to ensure we maintain an appropriate system for risk oversight and the management of internal controls.
Risk Tolerance Statement
Our risk tolerance levels across our five key objectives are highlighted below. Tolerance levels are based on the supporting business function, together with the potential cost and/or the benefit of engaging with risk to improve our decision-making ability.
Our behaviours
One NHFB
We contribute as a united team and encourage new ideas.
Enhance trust
We treat others as equals and collaborate openly across boundaries.
Open communication
We listen actively to the views of others and share information.
Own it
We own our performance by knowing, accepting and performing our roles to the best of our ability.
Our APS values
- Impartial
- Committed
- Accountable
- Respectful
- Ethical
- Stewardship
Our behaviours
It starts with me – We are committed to sharing a common set of behaviours and working together as a united team to achieve our objectives.