Mater Misericordiae

Mater Misericordiae Ltd (Mater) is a Catholic, mission based non-for-profit healthcare, research and education provider servicing both the public and private sectors. Mater’s strategy is to continue to sustainably grow their suite of healthcare services for the benefit of the community. 

In June 2020, Mater achieved a significant milestone bringing together the three Mater ministries across North, South-East and Central Queensland under one entity. As part of the operational integration of the three regions, and in pursuit of the broader Mater strategy, a suite of operational and investment plans commenced. 

KordaMentha was engaged to partner with the Mater team to validate and assess the impact of various initiatives identified in the integration plan. Our team took ownership of developing a long-term financial model to quantify and test the financial impact of various scenarios put forward in the investment plans.

The objective of the long-term financial model build was to create a dynamic and “fit-for-purpose” financial planning tool which:

• Created alignment on the financial outcomes of operational and investment plans under development

• Provided the board a mechanism to gain comfort that adequate financial resources would be available to achieve Mater’s strategy

• Identified performance improvement opportunities through the utilisation of industry benchmarks

• Streamlined existing finance processes including the annual budget build.

Over a three month period, the KordaMentha team supported the build of a 10-year financial model with a team of financial, operational and technical staff from Mater.

At the completion of our engagement, Mater was provided with:

• A robust long term financial model 

• A recommended governance structure to embed financial acumen into long term strategic decision making

• Knowledge transfer to upskill the finance and business partnering functions.