Published on: 20 November 2012
Costing Patient Care sets out Monitor's intentions on costing and cost collection for 2013, and the direction of policy for future years, to support our future responsibility for price setting for NHS services.
In tandem with this, we have also produced draft Approved Costing Guidance which underpins our "costing principles" and describes the way we will collect costing data.
Understanding the real cost of patient care is an essential element in determining and setting appropriate prices for NHS services. Costing services accurately has the potential to deliver higher quality care to patients and better value for the NHS. Find out more about our role in regulating prices for NHS-funded care.
We have published two new documents:
Costing Patient Care builds on research and reports commissioned by Monitor and sets out our proposed approach to improving the quality of cost data on which prices are based. We propose to improve the methodology for costing, and the collection and assurance of cost data. This includes collecting patient-level costing data from providers in 2013, on a voluntary basis. The document comprises:
Alongside Costing Patient Care, we have published two draft chapters of Monitor's proposed new Approved Costing Guidance:
This draft guidance aims to consolidate and streamline existing guidance into a coherent framework, and should facilitate providers' compliance with the relevant aspects of the provider licence.
The two remaining chapters of the draft guidance will contain HFMA costing standards and Department of Health guidance on reference cost collection, both of which are expected to be published in early 2013.
Monitor asked for your views on both of these documents. The engagement period closed on 11 December 2012; thank you to everyone who submitted a response.
We published a Summary of Stakeholder Responses to Costing Patient Care and draft Approved Costing Guidance on 21 February 2013.