Capital Investment Committee
The Capital Investment Committee (CIC) is responsible for a centrally-led process for the national prioritisation and allocation of health capital investment in the health sector in future years.
Objectives and key tasks
The CIC advises, through the NHB, the Minister of Health, the Minister of Finance and Director-General of Health on the matters relating to capital investment and infrastructure in the public health sector in line with Governments service planning direction. This includes working with DHBs to review their business case proposals, prioritisation of capital investment and delivery of a National Asset Management Plan and any other matters that the Minister (through the NHB) or the NHB may refer to it.
Capital Assessment Guidelines
The Capital Assessment Guidelines set out the criteria and process that the CIC use in forming its advice to Ministers on the assessment, prioritisation and sequencing of capital investment proposals from DHBs and the Ministry of Health.
The process uses service planning to inform capital decision making. A strategic direction is central to allocation decisions.
The Guidelines state that capital investment proposals should:
i. be driven by future population health needs, be informed by long-term demand projections and be based on realistic long-term revenue assumptions
ii. support changes to health care provision that ensures New Zealanders health and disability needs are met. This needs to be clinically and financially sustainable over the long term
iii. develop public capacity after considering where private capacity can meet future service needs
iv. balance investment in facilities with investment in IT and workforce to ensure the right capacity is used in the right place
v. align with CIC’s view of National Asset Management Planning.
Capital investment proposals need to support:
i. improved health outcomes for New Zealanders
ii. reduced disparities in health outcomes by addressing priority health needs first
iii. ensure the clinical and financial sustainability of the public health system.
The guidelines include a high level description of the expectations required at each stage in the business case development process. The NHB works with DHBs to develop business cases. DHBs need to refer to the Treasury Better Business Case guidelines for more detail on the development of the business case. http://www.infrastructure.govt.nz/
Capital Investment Committee meeting dates in 2013