Briefing / Mental Health Value Challenge

How can we know that we are spending the mental health pound well?

This is a question which mental health services are grappling with as they seek to develop an evidence base to understand how well they use their resources.

While mental health trusts are keen to apply a value-based approach to service improvement, there are few examples of projects with a true focus on value - maximising the outcomes which matter to people at the lowest possible cost- with most projects focusing on improvements to productivity.

The Mental Health Value Challenge is the third value challenge undertaken by HFMA’s Healthcare Costing for Value Institute. The Institute value challenge projects work with members to put the theory of value-based healthcare into practice