Costing as a finance enabler
Kent and Medway NHS and Social Care Partnership Trust, South East, Mental Health
The problem
The trust needed to better understand its cost base from a whole service perspective, otherwise it would be faced with a recurrent underlying deficit or efficiency savings would be wrongly targeted. This would have negatively impacted on the longer-term viability of the trust’s services.
The challenge
How might we understand our cost base compared to our present funding, so that we may offer a sustainable, safe service to our population?
The outputs
The outputs are:
- SLR deep dive for the whole organisation acting as a signpost for potential efficiency
- better relationships with the service (greater transparency, trust and understanding on both sides)
- service line action plans.
The outcomes
The outcomes are:
- reduced deficit
- improved commissioner relationship through open book working
- improved understanding of the whole business.
The Innovation
Read the full innovation on this finance enabler
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Read nowWhat the peer-reviewers said
“Good example of where the finance team have enabled a wider organisational solution, through the provision of finance intelligence to support solutions.”
“A great piece of work that can be implemented at other Trusts”
“This innovation is worth of recognition as it has addressed the problem identified and also been shared wider with commissioners to provide a transparent view of the costs versus income which can lead to improved data driven decisions”
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