The Business of Healthcare Podcast with Tara Humphrey #10: How the NHS Wastes Money - Dr Umesh Prabhu
Dr. Umesh Prabhu is an award-winning consulting paediatrician, author, and the former Medical Director of the NHS. He is the National Advisor to the Clinical Assessment Service, the Clinical Director of Pediatrics, and has sat on the Board of Directors for the UK National Patient Safety Agency. Umesh has received multiple awards and recognition for his work in patient safety throughout the medical field, including the Lifetime Achievement Award and multiple nominations as one of the Top 50 Most Influential EME Leaders in the NHS.
Umesh joins me today to discuss how the NHS is wasting money and the impact of cancelled operations. We discuss balancing elective and non-elective treatments and address the unnecessary patient investigations that lead to keeping patients in the hospital longer. We discuss the impact that modernising the NHS can have on the budget and how the NHS can reallocate the money saved to invest in new medical services and medication innovations. We also discuss the importance of value-based leadership in the medical field and why the key to effective financial management starts by working collaboratively.
“Primary care, secondary care, mental health - everyone must work together. We must put the patient at the heart of everything we do.” - Dr. Umesh Prabhu
This week on The Business of Healthcare:
- How the NHS should allocate resources and funds
- The current budget planning process in place at the NHS and why they should start at zero each fiscal year
- How the NHS is wasting money and resources on unnecessary patient investigations that prolong patient hospitalisations
- The positive impact that modernising the NHS can have on the yearly budget
- Areas where the NHS is making improvements
- The importance of value-based leadership
- Why the key to effective financial management is to work collaboratively
- How Umesh promoted diversity in the organisations, he’s worked in
- What’s next for Dr. Umesh
Connect with Dr. Umesh Prabhu:
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