NHS Property Services' transformation programme saves £250m for NHS - FMJ

Through its cost transformation programme, launched in 2017, NHS Property Services has delivered £250 million worth of cost savings to the NHS across 2,000 initiatives.

With the healthcare system facing increased financial pressure to support a pandemic recovery and a backlog of elective care, these savings will be reinvested directly back into the NHS and could equate to providing enough funding to build around 68 new GP surgeries or pay the annual salaries of around 3,200 GPs.

Mark Smith, Chief Finance Officer for the government-owned company, which aims to help around 7,000 customers across the NHS get the most from their estate, commented: “We established the cost transformation programme at NHSPS in 2017 to drive, monitor and report on the progress of our savings targets by tracking and reporting on more than 2,000 lines of activity, including everything from introducing strategic in-sourcing to reducing waste collections.

“I’m pleased to announce that over the last five years, the programme has enabled us to exceed our ambitious target of £176 million, delivering a total of £250 million cost savings to our NHS partners and customers. This is a fantastic achievement, and the result of true successful collaboration and renewed focus right across our organisation which has enabled us to keep costs to our colleagues in the NHS broadly flat, offsetting some of the inflationary pressures.”

NHSPS’ financial teams will continue to evolve the programme, with next steps focused on driving a more holistic view of the value they can provide to customers through their approach to sustainability (see NHSPS’ Green Plan) as well as looking at further increased efficiencies and income generation.

Smith added: “I’m looking forward to continuing to put our customers at the heart of everything we do, including driving and transforming the value we can offer them over the coming months and years, and working with our fantastic NHSPS colleagues who are clearly leading the way with delivering savings and increasing efficiencies for our customers across the country.”

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