Traditionally, each DHB organised its own banking terms and conditions, working capital and deposit arrangements. This led to divergent fees, interest costs and benefits.
On behalf of DHBs, NZ Health Partnerships has been managing shared banking and treasury arrangements through Westpac.
DHBs now benefit from streamlined transactional banking services, cash management and not paying working capital facility fees. Administration costs have been reduced and standardised fees and charges have been introduced.
NZ Health Partnerships provides this service for all 20 DHBs and a number of other entities.