Event / Introduction to NHS costing - January 2024
About this event
This event was for those that would 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
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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 Patient-Level Information and Costing Systems (PLICS) are now starting to analyse and interpret their data locally to make important decisions about their services. This session looks at how organisations can use costing information to help make improvements to patient care.
Related content
The value masterclass shares examples of organisations and systems that have pursued a value-driven approach and the results they have achieved.
A delegate-led event tackling specific technical costing challenges and discussing some of the practicalities of implementing the costing standards.