What is critical is that you have a solution that will solve a real problem and that you have a compelling case for its adoption. Read more in my interview with News Medical
Category Archives: NHS
NEW FUNDING SOURCES NEEDED FOR TRANSFORMATION
In the HSJ of 2nd April, Anita Charlesworth and Richard Murray discuss the difficulties of getting funding for NHS organisations to try out new services whilst still maintaining delivery of existing ones and call for a new transformation fund. Their comments are as applicable to new MedTec
products:
They recognise that current business cases are limited to showing where an investment in a new service (or product) can recoup financial benefitsin the same organisation and not in other organisations or indeed outside health all together.
TO BE NHS READY:
Have you identified and mapped all the stakeholders that can influence the
decision to try and buy your new product or service?
They also identify that there is the problem that certain types of costs
are not supported by any of the existing investment approaches.
In particular, it is difficult to raise funding to manage the process of
change from one model to another. This includes provision for so called
double running costs as the new model is tested is parallel with current
services, or where the benefits of the new model take time to be realised.
TO BE NHS READY:
Have you got a win:win business model to make it easier for your customers
to try your product or service?
COST PRESSURES NOT DEMAND IS THE PRESSURE ON NHS
In a National Health Executive News article of 8th April 2015, its cost pressures and not demand that is putting pressure on the NHS. In it, Anita Charlesworth of the Kings Fund reports
“The big driver of deteriorating finances is growing cost pressures andthe big factor pushing up costs is rising spending on staff, and mostspecifically temporary staff. In 2013/14 the number of temporary staff increased by 16% resulting in spending on temporary staff growing by £1bn (27.4%) in 2013-14.”
“The big driver of deteriorating finances is growing cost pressures andthe big factor pushing up costs is rising spending on staff, and mostspecifically temporary staff. In 2013/14 the number of temporary staff increased by 16% resulting in spending on temporary staff growing by £1bn (27.4%) in 2013-14.”
TO BE NHS READY:
Can you improve the productivity of permanent staff to reduce this dependence?
The NHS Five Year Forward View calls for productivity improvements and efficiency savings of 2-3% a year.Rob Webster, chief executive of the NHS Confederation has said “It underlines that the NHS requires a new focus on “allocative” efficiencies – by doing things in new ways that
are better, simpler and more cost effective. It is vital that the public are involved in this conversation,”
TO BE NHS READY:
How can you help do things in new ways that are better, simpler and more cost effective?
How are you engaging with patients and the public?