BearingPoint helps hospital deliver integrated business plan
International consulting firm BearingPoint has helped Chelsea and Westminster Hospital Foundation Trust draw up and integrate a new business plan. The move came after the Trust had suffered a reputational knock, but it has since re-established itself as one of England’s top performers in league tables.
BearingPoint was asked by the Chelsea and Westminster Hospital NHS Foundation Trust to work alongside the executive team to undertake a rapid review of strategies, plans and delivery arrangements, while making recommendations on how best to balance and prioritise the Trust’s delivery agenda.
The move came after a recent inspection by the Care Quality Commission had called the Trust’s grip on clinical quality into question. On top of this, the Trust had committed to a wide range of strategic initiatives, not least a proposal to acquire West Middlesex Hospital and combine this with the Trust’s Chelsea site into a single economic operating structure. Without a clear integrated business plan after a severe knock to the organisation’s morale, the delivery of these commitments was in jeopardy.
The consultants worked with the senior management team to identify key corporate and strategic priorities across the organisation. The firm constructed a portfolio plan for the organisation based on a six-month time horizon, working with the Trust Executive Directors to monitor progress on the priority plans, actively triage new priorities, and manage risks and issues. The integrated business plan included implementation of a new Electronic Patient Record (EPR) across the Trust, and committed to the delivery of financial savings of £122 million in parallel with significant clinical and patient benefits.
BearingPoint Partner Stewart Johns said via the firm’s website, “During our tenure, the Trust completed the planning and definition of the programme, and progressed the first tranches of change projects focusing on integration and release of synergies, and the mobilisation of the substantive programme team. Work was delivered in a highly collaborative way that drew on our deep programme experience whilst maximising ownership and buy-in throughout the client team. Since then, the Trust has re-established its former reputation for outstanding care, and is now one of England’s top performers in league tables.”
The project was undertaken by Prederi, which was acquired by BearingPoint in June 2019.
