A health technology firm, which has developed a platform allowing patients to share decisions with their clinicians for best outcomes, has secured a six-figure funding boost from Innovate 海角视频.
The technology from Cardiff-based Concentric Health,聽 as well as empowering patients to make decisions that are right聽 for them - and digitising the paper process - is predicted to save health boards money through reduced medical negligence costs and avoiding unnecessary operations.
Founders of the business, based at Tramshed Tech, are Carmarthen-born surgeon Dafydd Loughran and NHS and academic surgeon Edward St John.
They have received a 拢350,000 investment from the 海角视频's leading innovation agency, that will help the business scale up where it is currently expanding its software engineering and user experience teams.
Mr Loughran said: "We鈥檙e hoping to drive healthcare towards data-driven, shared decision-making.
"We want to support decision making around what matters to the individual, and use technology to deliver insights into what the outcomes are likely to be for that individual.
"This funding will allow us to scale up from a pilot at Imperial Healthcare NHS Trust across interested Welsh health boards and internationally.鈥
Prior to聽Concentric, Mr Loughran聽 undertook an artificial intelligence fellowship at Babylon Health in London, and brings that expertise to the expanding health technology ecosystem in Wales.
Mr St John said:聽 "As a clinician I鈥檓 excited to be delivering a world-leading evidence base to support patients.
Published evidence demonstrates that patients engaged in shared decisions often make less invasive decisions, leading to both better outcomes aligned with their priorities, and projected savings of up to 拢11.6bn a year across the NHS. For health boards,聽Concentric聽allows the consent process to go paperless, with an audit trail of the discussions held and decisions made.鈥
Innovate 海角视频鈥檚 manager for Wales, Jon Wood, said: 鈥淚鈥檓 delighted that Innovate 海角视频 are supporting聽Concentric聽here in Wales. The open competition is very competitive, so this funding is a great endorsement for聽Concentric聽and its innovative approach to data-driven surgical decision making.鈥
