Is there an actuary in the house?

With changes to the structure in the NHS, you may find that your doctor may need to call on your actuarial services rather than you on them. In an article in the Actuary magazine, the effect of the new NHS structure on GPs is investigated with particular reference to risk management. GPS may need to suggest a choice of health service providers to patients if they can’t provide the service themselves. However, as the article explains, “they are unlikely to have had any training in procurement, predictive modelling or financial risk management.” A GP will be working in a Clinical Commissioning Group (CCG) who may need to deal with financial risk in two ways. Insurance risk will involve looking at the changing needs of a local population and service risk will involve any issues with referrals to other services. For more on how your NHS may need you, read the full article at  http://www.theactuary.com/features/2012/05/healthcare-nhs-in-critical-condition/