Healthcare Costing for Value Institute

The concept of ‘value’ in healthcare – maximising the outcomes which matter to people at the lowest possible cost – is increasingly seen as a key lever for supporting the delivery of high quality sustainable healthcare. The challenge is how to do this in practice – both at an organisational and system level.

It is hard to argue against the theory of value-based healthcare – it needs to become the focus for clinicians and finance alike as they look to deliver high-quality sustainable healthcare services. But how do you translate the theory of value into practice? This is what the Institute has been exploring with its partners over the past few years.

We support our partners to implement and improve patient-level costing and deliver value-based healthcare through our four key themes: confident costing, translating data, driving value and innovation.

Institute programme 2023/24

The 2023/24 event programme will continue to develop throughout the year and will conclude on 31 March 2024.

What's on (link to PDF brochure)

Upcoming Institute events

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Introduction to NHS costing

This event is for those that will benefit from an overview of costing in the NHS or those new to costing.

Event 10:00, 17 January 2024, GMT

Financial management and reporting Financial regime and performance Value, costing, efficiency and productivity Costing Financial reporting Financial performance Finance staff

Costing together 2024

A delegate-led day tackling specific technical costing challenges and discussing some of the practicalities of implementing the costing standards.

Event 09:00, 6 February 2024, GMT

Financial management and reporting Financial regime and performance Value, costing, efficiency and productivity Costing Financial performance Financial reporting Acute care Mental health Value

Value masterclass 2024

This event is for senior NHS finance and healthcare professionals and will provide delegates with the know-how to begin applying value in practice.

Event 09:00, 13 March 2024, GMT

Financial management and reporting Financial regime and performance Value, costing, efficiency and productivity Value Financial performance Financial reporting

More about the Institute

Institute themes and frameworks

The Institute’s programme is built around four key themes and two main frameworks.

Institute resources and events

View our latest Institute partner resources and events content.

Patient-Level Information and Costing Systems (PLICS)

What is patient-level costing?

The costing revolution

Prioritise the patient, care about the cost.

Institute groups

Institute Costing Group

This group provides an independent, cross-sector voice on costing in the NHS. The group supports trusts to improve costing, champions the benefits of high quality costing information and communicates its important role in supporting transformation and underpinning decision making in the NHS.

Institute Council

The council oversees the running and governance of the HFMA's Healthcare Costing for Value Institute and continues the work of the strategic costing group in discussing and championing high quality costing and value-based decision-making around the performance and delivery of services.