Impact of a wound management system on budget optimisation, formulary compliance and variations in care

Abstract

Optimising budgets in wound care is crucial if local health economy efficiencies are to be realised. How spending is managed and monitored can be difficult for community nursing services due to the variety of supply routes. Online wound management systems not on help tailor supply routes to reduce waste, thereby reducing cost, but also provide an audit platform for transparency across clinical practice. The non-prescription ordering system Formeo was implemented across City Health Care Partnership (CHCP), Hull, through a value-based industry collaboration. With its use, monthly spend on wound care reduced by approximately £5354 (11.9%), with a reduction in the total spend of £64 254. Further, Formeo enabled an audit of clinical practice to minimise products on the formulary. This provided CHCP, Hull, the opportunity to reduce variations in care, and therefore potentially improve clinical outcomes.

Keywords: Budget optimisation; Care variance; Formulary compliance; Value-based collaboration; Wound management system.