University Hospitals of Morecambe Bay NHS Foundation Trust (UHMBT) has won the Improving Value Through Innovative Financial Management or Procurement award at last week’s Health Service Journal (HSJ) awards 2017.
The Trust developed a programme of work with a focus on achieving savings in a clinically led, joined up, inclusive way that is being embedded into the DNA of the organisation to balance and complement patient experience and quality delivery.
This is allowing the Trust to move towards sustainability in an aligned, driven and transparent way. The programme has demonstrated a step change in cost improvement. For 2016/2017 savings are forecast to be greater than £13.5m, compared to £8-10m previously.
The judges were impressed with the outstanding turnaround in a phenomenal time period, through a fundamental change in culture and leadership.
Aaron Cummins, Deputy Chief Executive and Director of Finance, said: “This is a great achievement and a reflection of the efforts all of our teams have made in the design and delivery of our Sustainability Programme. A real focus on re-setting our relationship with money and a commitment to improve quality, safety and experience for our patients has resulted in some great work and it’s great that this has been recognised.”
We were also finalists for the Improving the Value of Diagnostic Services award.
The HSJ Value in Healthcare Awards seek to recognise and reward outstanding efficiency and improvement by the NHS. The Value in Healthcare Awards recognise excellent use of resources, but they also seek out examples of demonstrable improvement in outcomes, both within back office functions and clinical initiatives.
To find out more about the awards go to https://value.hsj.co.uk/