£350m Slashed From NHS Technology Budgets

Towards the end of last year, HSJ reported that NHS England have been forced to reduce the technology budgets available to hospitals by approximately £350m, to fill the gap that’s been created by the Treasury denying a requested £1bn bailout required following industrial action.

Short-notice budget cuts have the potential to create chaos for NHS Trusts ahead of the winter pressures, especially for Trusts looking to implement technology that creates both financial and operational efficiencies.

Maxwell Stanley’s solution reviews Trust’s data to identify inaccurate clinical coding and missing comorbidities and, as a result, can identify £millions in missed income. Solutions like this are likely to be a lifeline for Trusts in the coming months and have the potential to allow hospitals to continue their digital transformation plans without interruption.

This is another financial blow to Trusts who are already feeling the pinch due to increased costs. We’re working with CFO’s daily to identify pockets of missed income that can make a real difference to the hospitals and we’re seeing great results.

Adrian Jones, Director of Maxwell Stanley

To find out more about Maxwell Stanley’s coding solution click here.

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