Save £10 for every £1 spent on upgrading your Staff Bank using state-of-the-art technology

Identified by the Financial Times as one of the fastest-growing companies in Europe in 2021, Locum’s Nest has already saved the NHS over £750m in the last 5 years. On top of that, our data shows we will save in excess of the 10% required by NHSE, so why stop at 10%?

The Kent Surrey Sussex Academic Health Science Network (KSS AHSN) conducted a 6-month independent real-world validation and cost-benefit analysis on the Locum's Nest model. This analysis assesses the key benefits and positive outcomes delivered for NHS organisations and has proven an ROI of up to £10 saved for every £1 invested in our digital workforce solution. The Trusts analysed were of varying sizes and situated across the country, covering almost 50% of southern England. This representative sample clearly indicates that the same savings could be replicated across the whole health service as Locum’s Nest grows. If applied across the whole system, given the NHS’s current total agency spend is approximately £2.4bn, the total saving would be approximately £1.73bn based on the study’s demonstrated 72% saving on agency spend.

Join a collaborative staff bank - the key to leveraging substantive staff and driving down costs

The recent NHS England letter recommends ICSs to explore collaborative staff banks and staff sharing arrangements. We believe that collaborative working is key to driving down agency usage and have the data to prove it. The Digital Collaborative Bank - the workforce coalition of 10 NHS Trusts sharing over 6,000 doctors - consistently achieves a 10% higher shift fill rate (percentage of vacant shifts covered by clinicians) in comparison to Trusts operating in silos. Direct access to an ever-growing pool of NHS HR-compliant healthcare professionals who are ready and keen to fill vacancies, reduces the need to use agencies while improving patient care outcomes and staff wellbeing.

Improve staff engagement by offering flexible working opportunities

Engaging and retaining healthcare professionals via user-friendly and agile technology massively encourages substantive healthcare professionals to book extra bank shifts, in a compliant and safe way. Via our mobile app, healthcare professionals have the ability to apply to thousands of vacant shifts across the UK with one click. Not only can they see all our partner NHS Trusts’ vacancies, but they can also manage their shift applications, rosters and pay all from one secure place. Our data also shows that when healthcare professionals can take control of their work-life balance they are more likely to book more bank shifts as they do not feel pressured to do so.

Why not book a FREE bespoke savings calculation based on your ICS's specific requirements?