The CHFA’s objective is to assist District Health Boards (DHBs) to achieve and maintain financial sustainability through the provision of a range of financial services and expert advice.
The lines of business undertaken by the CHFA are:
- Lending: we are the lender to the DHB sector and provide a range of loan facilities to refinance existing private sector debt or to finance new capital investment.
- Property: we assist DHBs with the disposal or acquisition of property to meet future service needs. We also offer advice to DHBs to achieve efficient use of their property estate including ownership, management, occupation and use.
- Financial services: we manage a range of residual functions on behalf of the Government, and provide financial and analytical support to DHBs efficiency projects and collaborative initiatives.
Results we contribute to
The CHFA’s objective is to assist DHBs to achieve and maintain financial sustainability through the provision of a range of financial services and expert advice.
Our contribution to the sector
Sector result: Improved financial sustainability of the DHB sector
The DHB sector has a goal of improving financial sustainability through achieving greater efficiency and value for money.
Financial sustainability requires that revenue is sufficient to meet the cost of service provision, including maintenance and replacement of capital assets required for service delivery.
Enhancing sustainability requires improvements in cost effectiveness, efficiency and value for money.
Achieving financial sustainability will ensure that the sector has sufficient financial resources to support future service needs and infrastructure requirements.
To support this goal the Government has placed an emphasis on:
- identifying and seizing opportunities to improve the cost effectiveness of the DHB sector
- continuing to strengthen relationships
- establishing more coordinated and complementary ways of working across the sector
- disseminating information to achieved shared knowledge
The CHFA can make a difference by contributing to three result areas and one government objective:
- Result 1: Affordable DHB debt.
- Result 2: Independent advice improves financial disciplines and DHB performance.
- Result 3: Partnership and collective activity improves DHB cost effectiveness.
- Government Objective: Efficient management of the residual assets and liabilities of the former Area Health Boards minimises the cost to the Crown.
For more information click here [Statement of Intent - pdf 350kb]
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