A further £6bn could be gained through more effective use of performance data within the healthcare system.
"Pilots are used to having charts with all kinds of performance data," he said.
There is a massive skills, practice and leadership gap in the UK public sector that prevents them from turning their masses of performance data into usable insights.
But the torrent of performance data reflects the largely uncoordinated and piecemeal way that medical research is gathered and publicized, and the medical uncertainty than can result.
First, a big caveat: It's hard to gauge how much Facebook is worth using traditional methods, because it is not a public company and gives out little in the way of performance data.
The latest batch of performance data published by NHS England also showed that the service missed a series of key waiting times covering A&E care, urgent cancer treatment and ambulance response times during October.
In the Cornwall case neither Serco's company systems nor the trust's audits had managed to find the repeated shortages of staffing and falsifying of performance data that whistleblowers said had been putting patients at risk as far back as 2010.
He added, "The notion is to give the superintendents a lot of performance data, ask them to come in on a regular basis to talk about issues we see, have them take detailed notes and make sure they follow up".
But an analysis of performance data reveals that many of these funds have actually made significant losses over the past few years.
IN WHAT is now an annual ritual, America's largest banks this January turned over reams of performance data to the Federal Reserve, along with details of their plans for dividends and share buy-backs.
Moreover, the administration said that frequent reporting of performance data was needed so federal officials could spot problems with the state exchanges and step in to help fix them.
