BPV Web Page

Value should be the foundation stone for wise decision making.

The NHS is at a critical point with a new long term plan and a significant move towards system working. There is a growing appreciation that taking a value-based approach is key to delivering high-quality sustainable healthcare.

One of the Institute’s key priorities is looking at ways to put the theory of value-based healthcare into practice. With this in mind, the Institute is working with Future Focused Finance (FFF) to deliver the Best Possible Value Decision Framework. The framework is a set of tools which help NHS organisations to work through a decision or project using value (measured as outcomes over costs) as the main driver.

The Institute and FFF are also currently offering NHS organisations the opportunity to have a BPV facilitator come to their organisations and guide the key stakeholders for a particular decision through the framework ensuring every option is considered and ultimately, the best value choice is identified. Once one project has been successfully completed with the support of a facilitator, it is much easier to apply the principles to other areas.

Please contact Institute@hfma.org.uk if one or more of the following apply:

• I have a defined decision which you would like to work through using the BPV decision framework
• I would like to promote the principles of value within my organisation or system
• I am looking for a facilitated project to promote effective working within a multi-disciplinary team
• I am looking to upskill project management, finance or colleagues from other areas with specific value and project management skills.

To compliment the BPV Decision Framework, we have created a series of Bitesize documents that share some of the principles of the framework and can be used as part of everyday decision making in the NHS:

Writing a value focused business case
Framing decisions for value
Add value to your meetings
Moving from implementation to high value performance

Further details about the Best Possible Value Decision Framework are available from the FFF website here.