Online system enables CHC commissioners to conduct informed negotiations
Valuing Care, a market leader in analysing and negotiating value for money costs for care packages, has launched a new online ‘Continuing Healthcare (CHC) Cost Toolkit’ to help commissioners manage and purchase better, more cost-effective CHC placements.
Based on Valuing Care’s cost models and data built up from 10 years of collecting care provider costs, the evidence-based approach of the CHC Cost Toolkit includes:
With total spend on CHC across the country reported at £2.5bn a year, and as the number of CHC placements continues to rise, the CHC Cost Toolkit provides a significant breakthrough for the market and enables commissioners to conduct informed negotiations and get their purchasing into better shape.
By providing access to comprehensive market intelligence, the CHC Costing Toolkit enables commissioners to gain a better understanding of costs, and be more price aware, which helps secure value for money care placements. It also enables placements to be processed much quicker; reducing the amount of time commissioners spend on paperwork and enabling staff to reallocate their time.
‘The cost of purchasing and managing CHC placements is a complex area that has been overlooked in recent years. This has hampered the progress so desperately required to control costs; prices have continued to rise and yet costs have not been scrutinised,’ said Ray Hart, managing director at Valuing Care. ‘Our CHC Cost Toolkit overcomes the inefficiencies that commissioners face with current systems and helps improve visibility, management and control of costs.’