Event / Value masterclass 2024
About this event
This event was designed for senior NHS finance and healthcare professionals and provided delegates with the know-how to begin applying value in practice.
Health services across the UK have the shared goal of ensuring the NHS is providing the best possible and most appropriate care at the lowest cost. The value masterclass shared examples of organisations and systems that have pursued a value-driven approach and the results they have achieved.
Session content
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Health services across the UK have the shared goal of ensuring the NHS is providing the best possible and most appropriate care at the lowest possible cost. In this session, Prof. Powis set the scene for the day looking at the opportunities when clinical and finance staff work closely together and how services can be improved when there is a focus on outcomes and cost. The session also highlighted the importance of good quality data to underpin these conversations.
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Dr. Kwa was aware of a historic problem with poor efficiency of the Ophthalmology theatres which was highlighted nationally in the GIRFT High Volume Low Complexity data, showing NUH as a lower quartile performer. Working closely with finance colleagues through the Trust’s WAVE programme, he was able to describe an idea to make improvements to the pathway using new equipment. Picking lists and patients from the patient-level cost and activity data, he was able to prove that a reduced turnaround time between sessions would free up productive time to perform more procedures per list. Dr. Kwa is continuing the work to further rollout the improved pathway across multiple high volume low complexity lists in ENT theatres, which is producing similar opportunities and results. The improvements that he has made within the department have been revolutionary and have kick started a whole culture shift with multiple professional teams now fully engaged in improvement and adding to the work Dr. Kwa started to further improve patient value.
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This session explored the role of value as we continue to develop care pathways across wider health and care systems that enable long term financial sustainability, address health inequalities and focus on prevention as much as treatment. The discussion covered how value links to productivity and efficiency and the importance of the language used in order to encourage clinical and financial collaboration.
At NHS Mid and South Essex Integrated Care Board’s inception in 2022 the executive leadership team acknowledged to achieve financial balance and provide excellent high-quality care for their population, they needed to understand their cost base at a systemwide level to make informed business decisions in the development of new patient pathways.
Over the past year, the system costing hub has supported ICB healthcare managers with patient pathway redesign business cases using patient-level data, mapping out current activity across the health economy, and working with the pathway team and clinicians across partner organisations to map out alternative pathways taking account of future demand and capacity. The ambition is to streamline pathways to improve patient experience / outcomes and in turn deliver value.
This session gave an overview of that journey and highlighted the challenges they faced, the benefits and the lessons learnt.
The ambition to improve population health needs to be achieved in a financially sustainable way - this is where value comes in! How can we maximise the use of resources available to improve the health of defined populations? How should we allocate healthcare resources across the system to maximise outcomes for our local population? This session looked at the power of preventative interventions to increase the efficiency of health services and introduce inpatient smoking cessation (tobacco dependence treatment) as an example of how health outcomes can be improved while also reducing costs. A second case study example looked at alcohol related services and showed the impact which preventative interventions have had on improving outcomes and ensuring resources are used in the best way possible.
Additional resources
The speakers from Nottingham University Hospitals NHS Trust from today's Working to achieve value and excellence in ophthalmology session wanted to share this video on the Nottingham Faster Turnover (Cataract) Pathway.
Delegate feedback
Really interesting event and very useful food for thought.
Insightful and inspirational!
Today was the right length, great speakers and really engaging.
Score eleven out of ten and I don't normally give that score!
Useful insights, knowledge and know-how of how to balance value based healthcare in practice.
Fresh ideas and inspiration. Always useful to attend these HFMA events!
Puts value based healthcare into context and perspective.
Exhibition and sponsorship
Commercial opportunities are available for this event.
Refund policy
- 80% up to two weeks before the first day of the event
- 50% refund between two weeks and two days before the first day of the event
- No refund where cancellation is received with less than two days’ notice
- Tickets can be substituted up until the day prior to the event start, to allow a colleague to attend in place of the original registrant.
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.