Scorecard Methodology
Target: baseline = Q4 (Jan-Mar) previous financial year
10% (R) less than England & Wales median, (A) between England & Wales median and top 10%, (G) England & Wales top 10%
25% (R) less than bottom quartile, (A) between England & Wales top and bottom quartile, (G) England & Wales top quartile
Achievement: by using the tag listings provided, these calculations calculate the achievement against target
Missed Opportunity: the opportunity that has been lost during the selected period by not achieving either the target or 100% of the indicator. It is the difference in cost per item between ‘good’ items and ‘bad’ items multiplied by the difference in no. of items needed to reach either target or 100%. Progress towards target will see a monthly reduction in lost opportunity.
Cost Avoidance: the opportunity that has been lost during the selected period by not achieving either the target or 100% of the indicator extrapolated up to 12 months to get full year effect of possible savings still to be made. This can help CCGs target specific areas in order of highest cost saving potential.
Savings: are calculated by taking all denominators included in the indicator and calculating the difference between total spend last year same period over total spend this year. Movement towards target would indicate less spend although this does not take account of price changes.