Costing a Service
Many practices are beginning to question whether it is financially viable to provide some of the services they are being asked to provide (those locally commissioned services which are non-contractual).
To help practices determine whether a locally commissioned or other non-contractual service is financially viable, we are pleased to be able to share the following two costing calculator templates.
The first cost benefit analysis template has been kindly shared with the permission of Coastal Partnership and can be used by practices to determine whether the anticipated income is sufficient to deliver the relevant service. You simply need to download and save a copy in desktop to edit the cells with your practice actuals.
The second is a Costing Calculator Tool and we are very grateful to our friends and colleagues at Surrey & Sussex LMCs who have agreed to us sharing this. Whilst the ultimate aim of this tool is the same as the cost benefit analysis template, its main focus is to ensure that each activity has been fully costed – this is particular useful as an LMC when we are negotiating with the ICBs.
To help with using this tool, we have published a “How to” video, which we hope will explain how it works and make it user friendly for you.
Again, you will need to download and save a copy in desktop to be able to edit the cells with your practice actuals.
Skills Matrix
We also have a Skills Matrix spreadsheet that helps look at the workforce costs for the many variable tasks that may be undertaken by various members of staff. It helps to drill down from hours to rate per minute, spent on a task.
It should be noted that the annual salaries are amendable, and each practice should do so, to match their actuals, rather than use the example salaries we have included, for demonstration purposes.
We would also draw your attention to the front instruction sheet included.