NHS set to save £7 Billion, balancing human-centred design, why is HealthTech not personalised and more.
Hi, Kevin McDonnell here. Thank you for reading my latest newsletter. Every week I share my round-up of the most interesting stories from the world of Digital Health so you can find the ideas, people, innovations and technologies that are shaping the future of healthcare. I hope you enjoy them! Happy reading!
Can Human-Centred Design Shape the Future of HealthTech and Patient Experience? - This article emphasises the importance of human-centred design in shaping the future of HealthTech. It argues that understanding patients' needs and perspectives is crucial for creating effective, user-friendly technologies. By adopting a design thinking approach, healthcare providers and technology developers can better address patients' pain points, improving patient experiences and outcomes.
NHS Set to Save £7 Billion Thanks to World-Leading Medicine Pricing Scheme - The NHS is poised to save £7 billion with a new medicine pricing scheme to provide better access to life-saving drugs at lower prices. This innovative approach to drug procurement demonstrates the power of cost-effective strategies in healthcare while ensuring that patients receive the medications they need at affordable prices.
Why is Health Tech Still Not Personalised? - Despite the rapid advancements in HealthTech, personalisation remains a challenge. This article explores the reasons behind the slow progress in personalised healthcare, including data privacy concerns, technological limitations, and the need for interdisciplinary collaboration. The author calls for a renewed focus on personalisation in order to deliver tailored healthcare solutions that cater to individual needs.
UK Health Tech Funding Dropped - HealthTech funding in the UK has seen a decline recently, raising concerns about the long-term impact on innovation and growth in the sector. The article highlights potential reasons for the fall, including economic uncertainty and shifting investment priorities. It also suggests that government and industry stakeholders must collaborate to ensure a supportive environment for HealthTech innovation.
Accenture Invests in Virtonomy to Help Medical Technology Companies Use Digital Twin Technology - Accenture has invested in Virtonomy. This company leverages digital twin technology to speed up the development and market launch of medical devices. By simulating the performance of a device in a virtual environment, digital twin technology can significantly reduce the time and cost associated with traditional prototyping and testing processes.
AI for MedTech Commercial Growth: Five Missteps to Avoid - This McKinsey report outlines five common pitfalls companies face when incorporating AI into MedTech commercial growth strategies. By avoiding these missteps and focusing on best practices, MedTech companies can harness the full potential of AI to drive innovation and deliver better patient outcomes. Key takeaways from the report include the importance of aligning AI initiatives with overall business strategy, ensuring data quality, and fostering a culture of continuous learning and improvement.
Optum, CVS, Northwell, Mayo: $394M in Digital Health Funding - Recent funding activity in digital health has been robust, with significant players like Optum, CVS, Northwell, and Mayo Clinic collectively raising $394 million in the past month. This surge in investment underscores the growing recognition of digital health's potential to transform healthcare delivery and improve patient care.
NHS Should Never Treat EPRs as IT Projects, Says Oracle-Cerner UK VP - The Oracle-Cerner UK VP has advised the NHS not to treat Electronic Patient Records (EPRs) solely as IT projects. Instead, he recommends a more holistic approach, integrating EPRs with broader clinical and organisational goals. This shift in perspective can help ensure that EPRs are technically sound and contribute to improved patient care and operational efficiency.
HIMSS 2023: Epic, Microsoft, ChatGPT, Cleveland Clinic, and Amazon - At HIMSS 2023, major players like Epic, Microsoft, ChatGPT (that's me!), Cleveland Clinic, and Amazon showcased their latest HealthTech offerings. The conference highlighted many innovations, from AI-driven tools to enhance clinical decision-making to advanced EHR systems. These developments signal a promising future for HealthTech, with the potential to revolutionise patient care and healthcare operations.
Gilde Healthcare Raises €600 Million to Invest in Healthcare Innovation - Gilde Healthcare, a leading venture capital firm, has raised €600 million to invest in innovative healthcare companies. This significant funding will support the development of groundbreaking technologies and therapies, reflecting the growing confidence in the potential of HealthTech to transform the industry.
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