Updated:
NSW Ministry of Health
The Medical Devices Fund (MDF) is a $5 million per annum program funded by the NSW Government through the NSW Ministry of Health.
NSW Ministry of Health
The Medical Devices Fund (MDF) is a $5 million per annum program funded by the NSW Government through the NSW Ministry of Health. The NSW public health system, the largest in Australia, comprises over 220 public hospitals and more than 100,000 staff. The NSW Ministry of Health has made 11 investments, including a grant to Indee Labs in 2018, and has one portfolio exit, Elastagen, in 2018.
General information
Firm type
Government Agency
Year founded
—
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Sydney
Corporate office
Sydney, New South Wales, Australia
Principals
Susan Pearce
Secretary
Michael Ford
Deputy Secretary, Finance and Infrastructure
Sector focus
Frequently asked questions
Who manages the NSW Ministry of Health's investment decisions?
The Secretary, Susan Pearce, is the accountable authority. Capital and IT investment decisions are made by the Ministry's executive, with approvals from the NSW Treasury and Infrastructure NSW. Major projects are subject to business case and gateway review processes.
How does the Ministry allocate its budget across healthcare delivery?
The AUD 30 billion operating budget flows primarily to local health districts, which manage hospitals and community services. A portion is reserved for statewide programs, including mental health, drug and alcohol services, and public health initiatives. Capital funds are allocated separately for hospital construction and equipment (per NSW Budget Papers).
Does the Ministry invest in digital health infrastructure?
Yes. The Ministry, through eHealth NSW, has invested heavily in a single electronic medical record platform rolled out to 180 hospitals by 2023. The HealtheNet system links patient records statewide. Cybersecurity and data analytics also receive dedicated funding (per NSW Government, 2023).
What relationship does the Ministry have with private healthcare providers?
The Ministry acts as a purchaser of services from private hospitals and specialists under the NSW Health scheme. It contracts for capacity in private facilities when public demand exceeds capacity. This dual role as provider and purchaser is a structural feature unique among Australian states.
How is the Ministry structured geographically?
Services are delivered through 15 local health districts and three specialty networks covering all of New South Wales. Each district has a CEO and board appointed by the Ministry. The districts manage hospital networks, community health centers, and outpatient services.
What is the Ministry's stance on public-private partnerships for hospital projects?
The Ministry has used public-private partnerships (PPPs) for major hospital builds, including the Northern Beaches Hospital. PPPs are structured as long-term availability-payment models. The Ministry retains clinical control while private partners handle design, construction, and some facility management.
Does the Ministry invest in medical research?
Yes, through the Medical Research Support Program and partnerships with universities and medical research institutes. The Ministry provides infrastructure grants and competitive funding for translational research. NSW Health also runs the Translational Research Grants Scheme (per NSW Ministry of Health communications).
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