Making Cost Savings Stick
21 January 2014
Facing the challenge of reducing workforce costs? You are not alone. The NHS is now in the third year of the £20 billion productivity challenge and the King's Fund's Finance Directors' panel reports an average target of 5.1%.
Identifying opportunities for cost improvement is only part of the challenge. Implementing strategies successfully can put a real strain on already overstretched resources and too often, legal risks are not identified early, potentially jeopardising the execution and impacting on your savings target.
Ernst & Young and Weightmans have come together to offer support and share our experiences of working with Trusts who have embarked on the journey from identification of productivity improvement opportunities through to implementation and release of costs.
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