The National Cost Collection Report

Unlock actionable financial intelligence with the NCC Report

Produced by the NHS Benchmarking Network, this report provides a systematic, Trust-specific analysis of the National Cost Collection (NCC) dataset for the 2023/24 financial year. It empowers Acute Trusts to identify areas of financial outperformance or inefficiency by comparing their costs to national and regional benchmarks — adjusted for Market Forces Factor (MFF).

What are the benefits?

• 📊 Pinpoint savings opportunities at the Department, Service, and Procedure level

• 📉 Understand how your Trust compares to NHS averages with clear Index metrics

• 📌 Highlight £100k–£50M+ cost gaps in areas like non-elective care, critical care, pathology, and more

• 🧠 Built on NHSBN’s robust, transparent, and replicable methodology

• 🕵️ Easy-to-digest charts, time series trends, and summary tables

Whether you're supporting a CIP programme, planning internal audits, or simply need visibility on cost variation, this report is your ready-made tool to drive efficiency across your organisation.

What are the contents?

A data-driven review of financial performance using the 2023/24 National Cost Collection (NCC) dataset. The report benchmarks Trust’s against national and regional averages to highlight where costs are higher than expected and where potential savings exist.

The report includes:

• An Overview and Methodology

• Trust-Level Financial Profile

• Potential Savings - Department-Level Analysis

• Potential Savings - Service-Level Analysis

• Potential Savings - Grouped Currency

• Potential Savings - Individual Currency