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Healthcare Costing for Value Institute

The Institute supports the NHS to improve costing, turn data into powerful patient-level information, champion multi-disciplinary engagement, and ultimately drive value across patient pathways.

HFMA Awards 2024

Nominations for the costing award category are open until Friday 27 September.

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.

“I don't think there has been a more pressing time to drive value-based healthcare because if we can't continue to provide high quality care at lower cost then I think we are going to be, as a nation, in quite a difficult position. So, if you're not been a believer in value-based healthcare, in producing high quality at the lowest possible cost then you need to become a believer, because that is the way we're going to have to deal with the challenge we have ahead of us.”

Professor Sir Stephen Powis, National Medical Director, NHS England speaking at the Institute value masterclass in 2024

Upcoming Institute events

Institute programme 2024/25

The 2024/25 event programme will continue to develop throughout the year and will conclude on 31 March 2025.