This essay is about the funding process, organization, and expenses of the NHS in England (Harker, 2012). Bridean (2004) described money flow as the extent at which money flows into in an organisation, usually made from effective spending and financing activities. The components of cash flow must be evident on a planner so that it will be understood easily on how it occurred exactly. According to Donaldson & Gerard (2005), he stated that if cash is not observed carefully, the return which might have been planned might not be recognized by the organisation. So therefore, one needs to have the facts of how cash flows and integrate it into the organization. Also, measures can be taken to prevent incidents that might run the organisation into debt and disappointment.
Kings College Hospital NHS Foundation Trust is one of the largest and busiest teaching hospitals which provide outstanding local health care and a variety of expert services for patient in Southeast London and across. KCH was originally opened in 1840 in Portugal Street and was relocated to Denmark hill. Was granted teaching hospital status in 1948, and became one of the London’s first foundation trusts in Dec. 2006 in spite of the financial breakdown. KCH is the key partner in one of the London foremost Academic Health science centre, a pioneering partnership between three NHS foundation Trusts (Guys and St. Thomas, south London and Maudsley). KCH work closely with a range of local partners including other NHS organisation, community groups, professional bodies, and local organisations with statutory responsibility to deliver good patient service and strong networks of healthcare locally (NHS, 2012).
Since NHS was recognised in 1948, its costing promptly rises (Shepherd, 2012). £11.4bn was spent on health in the UK in its first year by the Government (Harker, 2012). The figure was £121bn in 2010/11. NHS is majorly funded through taxation that is taxpayers.