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Jeremy Hunt King's Fund speech - eDC Gold, supporting the £10bn health savings through technology and innovation

Thursday 27 November 2014

On 13 November The Secretary of State for Health Jeremy Hunt addressed NHS managers through his King’s fund speech, calling on the NHS to work together to deliver the efficiency challenge outlined in the NHS Five Year Forward View. He highlighted that savings can only be found if the NHS takes ownership of delivery – and building on the consensus around the Forward View.

Whilst reiterating the ‘four pillars’ that form the basis of the Government’s response to the NHS Five Year Forward View - strong economy, more integrated care closer to home, innovation and efficiency, and an open and transparent culture – he also identified some of the potential procurement savings levers  that could be found within innovation and efficiency.

“The fourth challenge is procurement. The NHS spends almost £15 billion each year on medical equipment, devices, office supplies and facilities. Prices for surgical gloves vary from £2.43 to £5.44
across the NHS, and the NAO found variation of up to 183% in the prices paid by Trusts for the 100 most commonly ordered products. So we have established the Procurement Efficiency Programme, led by Lord Carter, which aims to deliver savings of at least £1.5 billion from the NHS procurement budget from next year.”

He continued,  highlighting the benefits realised by early adopting trusts who have already embraced modern procurement and stock control, referencing the saving and efficiency figures achieved so far by  Mid Cheshire Foundation Trust. Savings and efficiencies which have achieved by working with NHS Supply Chain’s eDC Gold system which supports the smarter management of consignment and high value stock.

“Mid Cheshire Foundation Trust made savings of 9% on their orthopaedic wards and reduced clinical time spent on stock management by 74% by embracing modern procurement and stock control
principles, and I am confident we can make similar changes across the NHS by collecting and sharing data, getting a grip on stocks and supplies, and helping providers with central frameworks and core
lists to purchase common products.”

eDC Gold was also recently highly commended in the ‘best product for improving working practices’ category at the 2014 Building Better Healthcare awards in London.

For more information

To read Jeremy Hunt’s King Speech in full visit: https://www.gov.uk/government/speeches/innovation-and-efficiency

To learn more about how eDC Gold has helped Mid Cheshire Hospitals NHS Foundation Trust drive savings and efficiencies, view the video case study: http://www.supplychain.nhs.uk/edcgold

To see the different ways in which your Trust has already saved and still could potentially save through our route, try out our new savings reports.

For more information on procurement, ordering and supply chain strategies, ensuring you have access to all the different ways to save through our route - speak to your NHS Supply Chain Account Manager.

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