NHS England | April 2018 | Pioneering price match scheme frees up millions for frontline care
A collaboration between doctors at hospitals in South Yorkshire which enabled them to purchase larger quantity of product has led to savings of £2 million. Among the savings was a £400,000 in buying only one type of examination glove.
The clinician-led scheme in Sheffield involved seven hospitals and required them to agree on the best product and commit to bulk buy jointly to save money. They used a scoring system on all products to ensure they met the high standards necessary for use by the NHS, with the products which met all of these criteria and provided the best value for money selected. This led to an innovative ‘price match’ scheme that drove down the cost of simple items such as anti-embolism stockings and surgical gloves.
Full story from NHS England