£97million in potential savings found from sourcing temporary workers through Bank, report reveals
25 February 2020
Liaison Workforce’s quarterly Taking the Temperature report has revealed potential savings of £97million for the NHS from sourcing temporary workers through Bank.
Andy Armitage, Liaison Group CEO, says: “The analysis in our Taking the Temperature report for Q3 shows that trusts are continuing to gradually shift towards a bank model for their temporary workforces, and moving away from agency supply.
“This quarter’s analysis found that 35% of the hours filled by temporary workers across the 59 trusts in our analysis were supplied through a trust bank, an increase from 32% of hours in Q2.”
The report reveals that the potential savings available to trusts by moving away from standard agency models, which were found to be up to 41% more expensive than employing a bank model, was significant, at £97million.
Andy continues: “Over half of our clients now have a medical bank up and running to reduce their agency spend, and we are working with a number of trusts to set up collaborative banks to share resources and retain specialist workers in order to assist them in transforming their temporary workforces.”
To download a copy of Q3’s Taking the Temperature, please click here.