The HFMA’s Healthcare Costing for Value Institute and Future-Focused Finance have worked together to develop the Engagement Value Outcome (EVO) framework. EVO promotes collaborative working between clinical and finance teams and their collective understanding of patient-level costing (PLICS), providing the NHS with a framework to ensure resources are used in the most effective way possible to provide high-quality care to patients.
During the second half of 2019 the EVO framework was piloted with four trusts, covering acute, mental health and community services.
This report describes the experience of those involved in the EVO pilot at University Hospitals Birmingham NHS FT, who chose to look at dermatology, trauma and orthpaedics, and vascular surgery.
The EVO pilot provided the Trust with the chance to explore from a range of perspectives how best to use PLICS data in its programme of service transformation. The Trust’s recent merger had provided the opportunity and the imperative to develop new service models. A key aspect of these developments, and one at the heart of the EVO approach, was the need for individuals from a number of disciplines to jointly agree how to explore and reduce unwarranted variation in clinical practice and patient outcomes in an evidence-based way.
To find out more about EVO and read the other pilot site case studies, click here
HFMA members, associates and friends come together again for the biggest and most prestigious HFMA event of the NHS finance calendar.
This course has been designed to identify key topics that will help employees strengthen their financial wellbeing.