Historically, the adoption of technology on a national level within the NHS has been difficult. In 2013 the Government pulled the plug on what had become NHS Connecting for Health (creating a single IT system across the entire NHS) as costs spiralled to more than £10bn; with a very real risk of passing the £20bn mark.
The (expensive) lesson learnt: build locally.
Integrating IT solutions at an individual trust level is a significantly more manageable. Although resulting in varying degrees of IT infrastructure nationally, local success can act as a great platform for wider adoption. That’s exactly what’s been set out by the NHS through a number of programmes and initiatives to support the goals set out in its “Long Term Plan” – (https://www.longtermplan.nhs.uk/publication/nhs-long-term-plan/ ).
The Digital Health London Accelerator is a great example. The programme works with c.20-30 high potential start-ups and SMEs to help support, develop and deploy digital solutions in the NHS. In an industry where IT adoption is slow and challenging, initiatives like these are vital for digital transformation and developing the UK technology eco-system.
Most technology-enabled businesses face significant challenges in demonstrating commerciality, be that as a business model or a piece of innovative technology that will gain traction from the mass market. For many businesses, having the NHS stamp of “approval” can be a significant asset and value driver to gain investment from investors or strategic buyers.
Polestar has been working closely with technology businesses delivering solutions to the NHS and healthcare more generally.
Expertise in both industries is crucial for generating the maximum value for shareholders. If you are exploring your options or would like to discuss aspects in more detail, please do get in touch.
20 New digital health care innovators set to transform the NHS…The work of DigitalHealth.London Accelerator companies has resulted in almost £76 million in savings for the NHS, with just over a third of this (£24.8 million) credited to the DigitalHealth