With COVID-19 related costs now being submitted for reimbursement, having an accurate, auditable cost tracking tool to capture costs in one place is key for easing administrative burdens.
What's it about?
The 29 April 2020 letter from Sir Simon Stevens and Amanda Pritchard to the NHS set out the approach to the second phase of the NHS’s response to COVID-19. Included within 6. f) of this letter is a commitment to cover your extra costs of responding to the coronavirus emergency - whether in terms of staffing, facilities adaptation, equipment, patient discharge packages, staff training, elective care, or any other relevant category.
Updated guidance, effect on 19th May outlines changes to the processes for reporting revenue expenditure and claiming reimbursement for capital expenditure related to COVID-19. This guidance is applicable to NHS trusts, NHS foundation trusts, CCGs, and NHS England direct commissioning – we’ll demonstrate a tool to help navigate these changes.
Who should attend?
Anyone involved with cost management including:
- Commissioning Leads
- Finance and Procurement Managers
- Practice Managers
- Anyone involved with financial reporting
What will you get out of it?
In this webinar with IQVIA you'll learn how their COVID-19 cost tracking tool can:
- Manage lists of individual transactions and provide detailed expenditure records
- Capture authorisations and attach important reference documents
- Provide a clear and transparent record for future audit inspections
- Collate and analyse submissions from across your estate
- Generate submissions to other NHS bodies