How to allocate resources: allocative efficiency using socio-technical approaches
Although integration brings many opportunities, ICSs face the complicated challenge of allocating resources efficiently across the system to better meet the health and healthcare needs of their population. This priority has been echoed nationally with allocative efficiency being highlighted in the recent Hewitt Review.
Allocative efficiency is a health economics concept concerning the best way to allocate resources to gain the most benefit for our patients and populations. This session covers how efficiency in healthcare can be conceptualised, analysed and evaluated using data, evidence and collaboration. By using socio-technical approaches, such as the socio-technical allocation of resources (STAR) method we can demystify the current costs and benefits in a pathway or portfolio.
This session helps you to approach the following questions:
- How do you organise your care pathways to give the best care?
- How would you ensure that you give the best care for the best value?
- How do you bring together a diverse range of stakeholders, such as clinicians, system leaders and patients to agree a new way forward?
This session will be an introductory session, covering:
- Allocative efficiency
- The STAR process
- HEUs STAR R tool (beta version)
What is STAR?
STAR is an approach that allows users to understand which interventions generate the most value for a population through combining extensive stakeholder engagement (socio) and value-for-money analysis (technical).
This method helps decision-makers to effectively assess their resources to see how they can create more value – crucially without spending more money. It provides a means by which the system can work together to reallocate resources to best meet the needs of the population for the same (or even lower) cost.
Watch our video with Professor Gwyn Bevan, of the London School of Economics, explaining the STAR approach to allocative efficiency.
Audience
This course is free and available to all those working in health and care, e.g. NHS, public health, local authority, ICB
Duration
3 hours
Date: 23rd January 2024 13:00-16:00
Location
Online – delivered via Teams
Registration now closed.
About the trainers
Jack Ettinger, health economist
Jack is a health economist with experience working in service delivery, commissioning, and NHS policy. He is the technical lead for the Smarter Spending in Population Health programme. He has been involved in the creation of national policy and strategy and has supported the management of the allocation decision process whilst at Specialised Commissioning.
He has a special interest in how economic principles, such as allocative efficiency, can help to improve population health. Jack is also completing an MSc in Public Health with the London School of Hygiene and Tropical Medicine.
Sophie Hodges, lead client service manager
With a background in population health management, Sophie is passionate about providing better evidence to improve decision making in healthcare. She is the programme lead for the Smarter Spending in Population Health programme at the HEU. She has a first-class degree in Economics with Econometrics (BSc) from the University of Kent and will soon complete a masters in Health Data Analytics (MSc) from UCL. Sophie also has experience in building communities of practice supporting analytical upskilling and developing system intelligence functions
For more information about this course, please contact:
Training & Development Operational Lead, Rachel Caswell