Financial Planning Template
6
The template for 2015/16 replicates the 2014/15 sheet requiring the same level of
detail. For the following three years the information requirement is reduced.
7. QIPP
There is a separate QIPP sheet for each year with the first two years requiring
further detail.
The QIPP table splits QIPP into two headings:
Transactional & Contract efficiencies relate to savings made from providers
from purchasing activity more efficiently, i.e. re-procurement of diagnostics,
contract conditions such as new to follow up ratios.
Transformational & Pathway changes relate to savings from de-
commissioning, more effective service provision, new models of care.
Under each heading the QIPP is broken down into separate work streams.
The QIPP plan will need to be split between recurrent and non-recurrent schemes.
Column A requires the local name of each scheme over £0.5m. All schemes that are
under £0.5m should be grouped together under the balance of schemes under
£0.5m section. In order that the QIPP tab feeds the financial plan detail tab column B
requires the area of spend to be selected. Therefore, more than one line would be
needed for each local scheme. For example, a transformational QIPP scheme for a
cardiology pathway redesign might require the following:
In Columns C and D please enter the expected full recurrent annual value of savings
and investment. In the above example the scheme is expected to generate recurrent
savings of £4.5m (Col C) with recurrent annual investment of £1.5m (Col D). Column
E calculates the net annual recurrent saving, in this case £3m.
In Columns F & G please enter how much of that saving/investment will occur in
2014/15. In the above example the investment of £1.5m was needed up front, but
the savings came in half way through the year generating a £2.25m saving and an
overall net saving of £0.75m.
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