Join Lee Outhwaite, director of finance and contracting at Chesterfield Royal Hospital NHS Foundation Trust, and Sanjay Agrawal, consultant in respiratory medicine and critical care at the University Hospitals of Leicester NHS Trust, as they share their insights into the importance of collaborative working between finance and clinical staff.

This episode will cover:

A look at how both finance and clinical staff need to understand the business
What collaborative working looks like
Reaping the benefits of quality improvement projects
Using patient-level information and cost data (PLICS) to understand variation
Moving to a value-based approach with a focus on population health

More information on some of the topics covered in this podcast:

HCF article: Roundtable: the right outcomes

Blog: Why should finance directors invest in capturing patient-relevant outcomes?

Briefing: What finance data is required to drive value at a population level?

Briefing: Exploring the role of the NHS finance business partner

EVO (Engagement Value Outcome)

What is PLICS?

Find out more about the HFMA Healthcare Costing for Value Institute

The concept of ‘value’ in healthcare – maximising the outcomes which matter to people at the lowest possible cost – is increasingly seen as a key lever for supporting the delivery of high quality sustainable healthcare. The challenge is how to do this in practice – both at an organisational and system level with the move to more integrated care for local populations.

HFMA’s Healthcare Costing for Value Institute supports the NHS to improve costing, turn data into powerful patient-level information, champion multi-disciplinary engagement, and ultimately drive value across patient pathways.

47: An introduction to NHS finance

HFMAtalkBy HFMAAug 10, 2022