- Early Intervention in Psychosis (EIP) services in mental health are able to save up to £50 million a year.
- This 'invest to save' approach can begin to release savings even within the first year of service provision.
- Cost savings can be quantified within the health sector as well as across wider society.
- New research demonstrates the significant social and economic benefits of the EIP model in reducing unemployment and suicide.
A London School of Economics and Political Science (LSE) and King's College London study has shown that by providing an early intervention service approach rather than standard mental health care for one cohort of patients with psychosis, the UK could save £40 million per year in the short term, £33 million in the medium term and £18 million in the long term.
This study was commissioned by the Early Intervention Programme, part of the National Mental Health Development Unit's Improving Care Pathways Programme.
Read the full press release on the LSE Website here
Download a copy of the report and view related Early Intervention in Psychosis Resources on the Iris Initiative Website