The Liaison Retrospective Invoice Review can assist Trusts with their savings targets to generate real refunds to Trusts. On average, the review identifies a 20% uplift on private patient revenue which can be offset against Financial Targets.
We agreed to complete a sample exercise as a ‘piece of mind’ exercise for a Trust that had spent almost 12 months reviewing the processes and procedures of the Private Patient Department; focusing on pricing, billing and income generation in general.
The Trust has approximately 400 NHS beds, 7 main theatres and 2 day theatres and offers a wide range of private treatments, surgeries, medical consultancy, therapies and outpatient services.
To demonstrate our uniqueness in the market, we compare PP recorded data with numerous other NHS reports in order to identify additional anomalies and calculate accurate invoicing; increasing revenue.
Our contractual arrangement with a client in relation to the Retrospective Invoice Review ensures that we only charge fees once savings identified are realised i.e. a Trust is in receipt of additional income. This was a ‘win win’ situation for this particular Trust as the changes they had implemented could be measured and monitored without incurring unnecessary fees.