This is a great way for Trusts to identify savings opportunities as individual Trusts or through working together with other Trusts.
Tring, Hertfordshire – 25th May 2016: From this month, the NEP Shared System Group is offering its client base of 30 + NHS Organisations access to Healthlogistics’ eControl Spend Analysis Service. This added-value service will not incur any additional cost to its clients who will be able to compare non-pay spend and share best procurement practice with other Trusts in the eControl network, as well as identifying saving opportunities.
Using Healthlogistics’ eControl, a web-based service populated with over 23 million lines of purchasing spend data from over 45 Trusts, Trust managers can review past (and potential) purchases against prices paid for like-for-like items, identify future savings opportunities and improve their supplier sourcing and contracting processes.
The NHS spends £6bn across common goods and services, medical consumables and high-cost medical devices. Lord Carter’s February Review of Operational productivity and performance in English NHS acute hospitals highlighted the considerable variation between Trusts in the value they extract from their non-pay spend, and suggests that savings in the order of 9% could be made through improved efficiency and better procurement processes. eControl, as an added-value offering from the NEP Group for its members, will address Lord Carter’s target by enabling participating Trusts to share their item price data with their peers and collaborate on their purchasing and contracting experiences.
Over time eControl can be used to monitor contract compliance and facilitate the demand for Trusts to consolidate common purchases and leverage their spend with suppliers by buying collaboratively. The total annual spend of participating Trusts is £3.4bn.
This NEP project is fully supported by the NEP Consortium Board and NEP’s Host organisation, Northumbria Healthcare Foundation Trust, itself a Vanguard Organisation. NEP recognises the importance of supporting its clients to deliver financial savings and efficiencies, particularly given the current economic environment.
"NEP is delighted to be working with Healthlogistics to deliver this service for our Trust members" says Christine Hall, Associate Programme Director, NEP Shared Systems Group. "By working together, sharing, and having visibility of purchasing spend, our Trust members have the opportunity to purchase medical and surgical consumables more cost-effectively, ultimately allowing Trusts to redirect savings back into front-line care."
Commenting from Healthlogistics, Gary Adams, Commercial Director states: "This is a great way for Trusts to identify savings opportunities as individual Trusts or through working together with other Trusts. All savings made allow the NHS to lower the cost of care which benefits the whole UK population.”
Notes to Editor:
About Healthlogistics.co.uk Ltd
An independent company founded in 2003, Healthlogistics is dedicated to providing integrated eProcurement services between NHS Trusts and their suppliers. Using a range of GS1 and PEPPOL compliant solutions covering eProcurement, inventory management and procedure costing, Healthlogistics helps clinical, procurement and financial professionals in hospitals manage resources more efficiently.
Healthlogistics has been working with the NHS for over ten years, supporting its eProcurement Strategy by improving patient safety and delivering significant cost reductions.
With a data pool of over 2.4 million catalogue items and 1 million bar codes from over 1,400 suppliers, Healthlogistics ensures that hospitals have the right products available where and when they are needed, at the right price. Its web-based, services portfolio comprises:
• Catalogue and contract management
• PEPPOL ordering and invoicing
• Inventory management
• Procedure level costing
• Business intelligence
• Demand aggregation and collective purchasing.
For more information, please visit www.healthlogistics.co.uk
Liz Ward, Marketing Manager, Healthlogistics
Email : email@example.com
About NEP Shared Systems Group
NEP Shared Systems Group is a non-profit making Consortium that has been providing Financial & Procurement solutions solutions to NHS Organisations for 15 years. Working collaboratively with specialist partners, NEP has developed a wide range of innovative, well designed, templated solutions that can enable all types of NHS organisation to successfully achieve both their NHS and local business requirements. This consortium approach results in significant economies of scale with infrastructure, support and development costs and risks shared between NEP Consortium Members. The collaborative strength of the Consortium means that NEP is able to negotiate and provide competitive rates for services and solutions, allowing funds to be released back into front line care.
To find out more about NEP please visit www.nepssg.nhs.uk
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