Event / Introduction to NHS costing - Jan 2023
About this event
This event was for those that will benefit from an overview of costing in the NHS or those new to costing. The day covered why we cost and the costing process.
We heard about the National Cost Collection, the importance of accurate costing information to the wider NHS, and how cost data can be used to inform decision making and improve patient care.
Session content
Collecting, analysing and understanding the cost of NHS patient care is vitally important in making decisions about how to manage and deliver sustainable high-quality services. This session introduces the key concepts of patient-level costing, including:
• what is costing
• why costing is important
• why we collect costing information
• the role of a costing practitioner.
Costing in the NHS has changed significantly over recent years. In this session we hear about the evolution from reference costs to the Costing Transformation Programme, the development of the costing standards, the National Cost Collection and the move to patient-level costing.
Reporting accurate cost information into a national database isn’t the only reason to collect patient-level data, and increasingly is not even the main reason. Organisations with PatientLevel Information and Costing Systems (PLICS) are now starting to analyse and interpret their data locally to make important decisions about their services. This session will look at how organisations can use costing information to help make improvements to patient care.
Related content
This event focused primarily on the use of costing information and the importance of working with others to turn data into business intelligence.
This event is for those that will benefit from an overview of costing in the NHS or those new to costing and will cover why we cost and the processes.