KPMG launches global centre of excellence for island healthcare

Healthcare systems and organisations worldwide regularly turn to KPMG firms for their knowledge and leading insights to navigate challenges to help transform the way these organisations operate, engage their staff and deliver care. The launch of KPMGs’ new global centre of excellence for island healthcare further enhances the firm’s ability to share this expertise, specifically tailored to the unique needs of island-based healthcare systems.

The newly established centre serves as a central hub where KPMG firms can share experience and learnings in the island-based healthcare internationally. It unites dedicated island-based professionals from the Crown Dependencies, Caribbean, Bermuda, and Mediterranean, focusing on identifying and adapting best practices for islands. Additionally, the centre will conduct research to develop tailored approaches for island healthcare and foster networking opportunities among island healthcare stakeholders.

Through this initiative, stakeholders gain access to KPMG’s extensive global healthcare network, which consists of over 5,000 audit, tax, and advisory professionals with healthcare industry expertise in more than 70 member firms worldwide. This network also includes nearly 200 clinicians with hands-on experience in various healthcare roles, such as physicians, nurses, paramedics, social workers and other allied professions.

The centre will work with governments, regulators, payors, providers, non-government organisations and international development organisations across a wide range of island specific healthcare topics^[1], including:

• Healthcare system strengthening and Universal Health Coverage: Ensuring all community members have access to affordable and high-quality healthcare.
• Operational improvement, efficiency and productivity: Enhancing patient care delivery and optimising resource use for greater effectiveness.
• Integrated care models and pathway design: Developing a more coordinated and seamless patient experience across various healthcare services.
• Human resources for healthcare organisations: Addressing staffing needs to effectively meet community healthcare demands.
• Digital health and data: Leveraging technology to enhance both the convenience and accuracy of patient care.
• Strategy, acquisitions and financing: Ensuring the sustainability of hospitals and health services through strategic planning and financial management.
• Climate health and ESG: Promoting environmentally friendly practices and social responsibility within healthcare systems.
• Leadership, learning and development: Providing training for healthcare leaders to adapt to changes, improve services, and drive ongoing evolution in healthcare quality.

The initiative is already making a significant impact, contributing to the financial sustainability and integrated care delivery in island communities. For instance, in 2021 it helped the Bermuda Hospitals Board achieve $30 million in cost savings and supported several cancer pathway improvements on the island. Additionally, a £20 million savings target has been identified through a three-year financial recovery program for Government’s Health and Community Services. These outcomes have been made possible by applying global strategies from leading healthcare providers, enabling KPMG to offer 'leading practice' guidance in developing and updating local island strategies.

Dr. Edward Fitzgerald, Head of Healthcare and Life Sciences for KPMG Islands Group, comments, “Delivering accessible, affordable, high-quality care can be particularly challenging for island communities throughout the world, given their geographical locations and smaller scale. This situation magnifies wider health challenges, including rising population health needs, the growing complexity and cost of care, and health workforce pressures”.

Russell Kelly, Head of Advisory for KPMG Islands Group and Partner in KPMG in the Crown Dependencies, comments, “This significant investment in our team reaffirms KPMG's commitment to delivering our knowledge and expertise across the healthcare sector, both globally and locally. Establishing this new international hub not only showcases the outstanding work we're already accomplishing, but also helps ensure that our global insights are effectively coordinated, shared and put into action for the benefit of our island communities”.

For global centre of excellence and other KPMG service enquiries, please contact:

Russell Kelly, Partner and Head of Advisory, email russellkelly@kpmg.co.im or Dr. Edward Fitzgerald, Head of Healthcare and Life Sciences for KPMG Islands Group, email edwardfitzgerald@kpmg.bm.

 KPMG in the Crown Dependencies

KPMG Islands Group