22.02.13
Costing guidance available for NHS providers
Guidance on costing has been published by Monitor, to help NHS-funded providers to comply with relevant pricing elements of Monitor’s new licence when it comes into force on April this year.
Pricing is presently based on average costs of providing similar types of NHS services.
All acute trusts have been asked to participate in the pilot collection of Patient Level Information and Costing Systems (PLICS) data. Monitor will then decide how best to use the data to inform prices.
A Monitor spokesperson said: “Many providers already use PLICS data and we encourage them to share this data with us. We have made changes to our collection in response to the feedback we received from stakeholders, which should make it easier to do this.
“The more high quality data we receive for the pilot, the more quickly we can move towards an improved pricing system that will deliver higher quality care for patients and better value for tax payers. It is also important for providers to continue to focus on improving the quality of average costs submissions as we gradually move to make greater use of PLICS data.”
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