Healthcare costing for adding value

Intermediate award - optional module
10 credits, total study time: 100 hours (10 weeks)
Achieving the best value for patients from every pound spent on healthcare has always been a core focus of the NHS. But getting the most from NHS resources isn’t just about monetary value. It’s about managing the limited resources more effectively so that we can deliver the best possible outcomes for patients. This topic introduces the role of health economics and the concept of value in healthcare. You will consider the work of two principal contributors in this area and explore some of the tensions involved between improving outcomes for patients and the need to drive down costs.

Topics covered

  • NHS cost behaviour analysis
  • Value and its application in the NHS
  • Information insights and reporting
  • Measuring outcomes and taxpayer value
  • Value-based decisions

Learning outcomes

  • Compare different approaches to allocating scarce resources in the NHS
  • Describe the current NHS approach to costing and identify ways the NHS costing process could be made more efficient and effective
  • Explain the concept of value in contemporary UK healthcare and possible ways for the NHS to increase value
  • Outline possible outcome measures and how these might be used to affect payment arrangements and thereby improve service delivery
  • Identify the effectiveness of cost reduction methods in a local health economy



  • Learners will complete a 2,000 word portfolio-based, work-related assessment

How finance works in the NHS
Core module

20 credits

Governance and risk management in the NHS 
Optional module


Management skills
Optional module


Tools for transforming services in the NHS
Optional module