Benchmarking & Analytics Service
Introduction
The Benchmarking & Analytics Service Framework, managed by the NHS London Procurement Partnership (LPP), is a professional services framework designed to assist organisations in optimising their spending through comprehensive data analysis and benchmarking. Although the framework does not operate as a Dynamic Purchasing System (DPS) and does not specify an end date, it remains an active route for NHS entities seeking to enhance their fiscal efficiency. The framework's primary purpose is to enable participating organisations to leverage data-driven insights, thereby identifying cost-saving opportunities and improving resource allocation.
Context & Use Case
In today's financially constrained healthcare environment, the ability to make informed decisions based on robust data analysis is critical. Contracting authorities, particularly within the NHS, utilise the Benchmarking & Analytics Service Framework to evaluate their expenditure and identify areas where efficiencies can be achieved. This service offers a strategic advantage by providing members with access to the PredictX analysis tool, a sophisticated platform that supports internal benchmarking and analytics processes. The framework is particularly beneficial for those seeking to streamline their spending and operational practices, ultimately contributing to better patient care through optimised resource management.
Scope of Services
The Benchmarking & Analytics Service Framework encompasses a range of services designed to support comprehensive expenditure analysis. Key services include: 1. Detailed benchmarking of organisational spending against industry standards. 2. Access to the PredictX analysis tool for internal data evaluation and reporting. 3. Identification of cost-saving opportunities, evidenced by the £8.3 million savings identified in the framework's first year. 4. Provision of training sessions to ensure users maximise the potential of the PredictX tool. 5. Ongoing support and consultancy to assist organisations in implementing data-driven improvements.
Who Can Apply
The framework is tailored for NHS organisations seeking to improve their financial and operational efficiency through advanced data analytics. While the framework is not open to applications like a DPS, it is designed for those entities that are existing members of the NHS London Procurement Partnership. Suppliers with expertise in data analytics and benchmarking within the healthcare sector may find opportunities to collaborate or engage as service providers within this framework.
Buyer Benefits
Public sector buyers, particularly within the NHS, derive significant benefits from the Benchmarking & Analytics Service Framework. By using this framework, buyers can ensure compliance with procurement regulations while accessing a proven tool that facilitates rapid identification of cost-saving measures. The framework accelerates the speed to market by offering a ready resource for data analysis, thus reducing the time and effort required to initiate new procurement processes. Moreover, the competitive edge provided by the framework's analysis tools helps organisations maintain financial sustainability and improve service delivery.
Lots
Not applicable
Next Steps
Suppliers interested in engaging with the Benchmarking & Analytics Service Framework should review the specific requirements and capabilities outlined by the NHS London Procurement Partnership. Direct contact with the framework's customer service representatives is advised to gain a comprehensive understanding of the application process and potential collaboration opportunities.
How Biddable Can Help
Biddable is committed to supporting suppliers in navigating the complexities of public sector frameworks like the Benchmarking & Analytics Service. Our services aid in the discovery of relevant opportunities, preparation for application processes, and maintaining visibility over potential procurement pipelines. By partnering with Biddable, suppliers can enhance their readiness and strategic positioning within the public sector procurement landscape.