Briefing / Benefits realisation: how does a benefits realisation approach support the delivery of value?
Benefits realisation is an integral part of delivering the value-based NHS strategy in Wales, and across the United Kingdom - maximising the outcomes that matter to people as well as using resources most effectively.
Although there are examples of effective benefits realisation processes being applied in Wales, and across the rest of the United Kingdom, they are not systematic. For many investments, there is a lack of: non-financial metrics; post investment evaluation of the benefits realised; and accountability for delivery of the planned benefits. What exactly benefits realisation means and how it is achieved can be unclear.
This briefing aims to support both finance and non-finance professionals to understand why an effective benefits realisation process is important; what a benefits realisation framework might look like; and what the critical success factors are.
This research was supported by the HFMA Wales branch. This is an area that the HFMA Wales branch is keen to support and the HFMA will share stories that provide insight and lessons via webinars, events and case studies. If you have any examples you would like to share, please contact [email protected].
Although there are examples of effective benefits realisation processes being applied in Wales, and across the rest of the United Kingdom, they are not systematic. For many investments, there is a lack of: non-financial metrics; post investment evaluation of the benefits realised; and accountability for delivery of the planned benefits. What exactly benefits realisation means and how it is achieved can be unclear.
This briefing aims to support both finance and non-finance professionals to understand why an effective benefits realisation process is important; what a benefits realisation framework might look like; and what the critical success factors are.
This research was supported by the HFMA Wales branch. This is an area that the HFMA Wales branch is keen to support and the HFMA will share stories that provide insight and lessons via webinars, events and case studies. If you have any examples you would like to share, please contact [email protected].
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