NHS-focussed independent cost and benefit analysis of Locum's Nest
New technologies within the NHS provide an avenue for solutions to the increasing demand for staff
The academic body, Kent Surrey and Sussex Academic Health Science Network (KSS AHSN) conducted a 6-month long independent analysis
Locum’s Nest has delivered key benefits for the NHS alongside positive outcomes for administrative staff and healthcare professionals
The real-world economic analysis study measured key metrics including time saved, headcount of employees as well as absolute agency spend reduction
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Up to £10 saved for every £1 invested
[Based on an average-sized Trust, requiring 15,000 shifts/year with a fill rate of 20% before implementation of the solution]
Over 50% reduction in time taken to manage & fill a shift
Staff bank growth of at least 192%
100%
of staff respondents would recommend Locum's Nest to their colleagues
93%
of app users would recommend Locum's Nest to other healthcare professionals
Additional potential benefits:
Improved patient care
Improved patient outcomes
Improved patient quality of life and satisfaction of care
Reduced waiting times for A&E
Reduced stress among staff
Reduced turnover of staff
Methodology
£1.73 billion
potential yearly savings on agency spend when extrapolated across the whole of the NHS
*Extrapolated by the Locum's Nest Insights Team, based on an ROI of £3.55 for every £1 invested, representing a 72% saving on agency spend