Powerful Medical
11. October 2023

£30 Million NHS Investment into Innovative Tech Announced

In an era where technology and healthcare are increasingly interlinked, the UK government has committed to investing £30 million in innovative technology for the National Health Service (NHS). This is a critical juncture for healthcare professionals and organisations to elevate clinical care, reduce waiting lists, and enhance patient outcomes. For those deeply involved in the modernisation of medical practices, such as Powerful Medical, this signals an unprecedented opportunity to integrate AI-powered solutions like PMcardio into the NHS’s evolving landscape. Source of information: UK Government News

Keynotes:

  • Integrated care systems (ICSs) will be invited to submit bids to NHS for a share of £30 million to roll out innovative technology
  • Effective use of the latest medical technology can help cut waiting lists, with the potential to speed up diagnoses and improve care for patients
  • Technology could include virtual wards to help care for patients at home or wearable devices to monitor chronic conditions remotely – easing winter pressures and supporting the workforce

The Government’s £30 Million Investment

Announced by the Department of Health and Social Care and The Rt Hon Steve Barclay MP, the £30 million fund aims to encourage Integrated Care Systems (ICSs) to adopt innovative medical technology. The Investment spans from virtual wards and wearable devices to advanced imaging systems.

Why PMcardio Is the Right Fit

PMcardio is uniquely positioned to meet these challenges. As a certified Class IIb medical device, PMcardio provides healthcare professionals with the ability to diagnose 38 different cardiovascular diseases with unprecedented accuracy. Within 5 seconds, the AI-powered system interprets any 12-lead ECG, providing accurate diagnosis and treatment recommendations personalised to each patient. Benchmarked against general practitioners and cardiologists, PMcardio has shown statistically significant improvements in all standard evaluation metrics, surpassing even the most experienced clinicians in ECG diagnostics.

£30 Million NHS Investment into Innovative Tech Announced
£30 Million NHS Investment into Innovative Tech Announced

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£30 Million NHS Investment into Innovative Tech Announced
£30 Million NHS Investment into Innovative Tech Announced

Addressing Waiting Lists and Speeding up Diagnosis

One of the government’s top priorities is reducing waiting lists, which often act as bottlenecks, delaying critical care for patients. PMcardio can significantly curtail waiting times, particularly for cardiovascular issues. By delivering quick and accurate ECG interpretations, it allows healthcare providers to make swift, confident decisions, streamlining the patient pathway from diagnosis to treatment.

Virtual Wards and Home-Based Care

Another crucial aspect of this investment is the creation of virtual wards. Depending on local needs, ICSs could use the funding to expand virtual wards, allowing more patients to receive the care they need at home, and freeing up hospital beds. Over 9,800 virtual ward beds have already been created, and the NHS is on track to meet its target and deliver 10,000 ahead of winter. PMcardio can serve as a vital component of these wards by providing ongoing, real-time ECG analysis, thus empowering healthcare professionals to extend their reach into the patient’s home.

The NHS’s world-leading ability to adopt new technology has already helped more than 210,000 patients be treated in their own homes through the rollout of virtual wards, and this new funding will allow the health service to adopt more innovations that improve patient care and reduce pressure on wider services.

Moving Forward

ICSs are expected to submit bids soon for their share of the £30 million fund. For those looking to revolutionize cardiac care delivery, PMcardio offers a robust, validated solution that aligns perfectly with the government’s vision. The technological superiority, medical device certification, and clinical precision of PMcardio make it an ideal candidate for any ICS aiming to seize this exciting investment opportunity.

£30 Million NHS Investment into Innovative Tech Announced
£30 Million NHS Investment into Innovative Tech Announced

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Powerful Medical

Powerful Medical leads one of the most important shifts in modern medicine by augmenting human-made clinical decisions with artificial intelligence. Our primary focus is on cardiovascular diseases, the world’s leading cause of death.
Powerful Medical leads one of the most important shifts in modern medicine by augmenting human-made clinical decisions with artificial intelligence. Our primary focus is on cardiovascular diseases, the world’s leading cause of death.
About PMcardio:

PMcardio is the market leader in AI-powered diagnostics, addressing the world’s leading cause of death – cardiovascular diseases. The innovative clinical assistant empowers healthcare professionals to detect up to 40 cardiovascular diseases. In the form of a smartphone application, the certified Class IIb medical device interprets any 12-lead ECG image in under 5 seconds to provide accurate diagnoses and individualized treatment recommendations tailored to each patient.

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