Immediate cashable savings on NHS agency spend
The NHS faces the most serious financial situation ever experienced. £20 billion of savings must be achieved by financial year 2014/2015 without compromising front line care and compliance.
The NHS Agency Staffing Spend Analysis provides a deep dive into your agency staffing spend and processes. The outputs offer immediate cashable savings, process efficiencies and methods of optimising the use of your substantive workforce.
The NHS Spend Analysis will:
- Immediately improve your financial performance by recovering incorrectly overcharge and supplier rate compliance. Typically this will recover cashable savings of 2% of annual agency staffing expenditure.
- Provide full visibility of your current spend including hidden and unauthorised spend. In the past, audit exercises have identified up to 190% of the original spend as a result of it being incorrectly coded as non-agency staffing spend.
- Provide a full breakdown of pay rates, commission and charge rate structures to allow baselines to be created for accurate benchmarking and re-reprocurement.
This service provides Trusts with the management information and capability to generate quantifiable budget savings in the short term as well as sustainable long term cashable savings.
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