Medtech Startup Lands £1M to Further Data Analytics for Treating Diabetes
Outcomes Based Healthcare, a med startup that supports the adoption of outcomes based approaches to healthcare, in alliance with big data service provider, Big Data Partnership, has bagged a match-funded grant for a £1 million project from Innovate UK, the UK’s innovation agency (formerly the Technology Strategy Board) for a ‘Digital Health in a Connected Hospital’ funding call.
“Healthcare systems are cracking under the pressure of ever-growing global health budgets, partly because we’re treating people with drugs and interventions, without being sure exactly who will benefit from any given treatment,” explains Dr. Rupert Dunbar-Rees, former GP and founder/CEO of Outcomes Based Healthcare.
“Applying data science and outcomes insight to healthcare systems can fundamentally disrupt current disease management, allowing greater precision in care delivery, and ‘pre-treatment’ rather than simply prevention,” he added.
The two outfits are working in tandem to lead the drive toward a more personalised, data-driven approach to improving health outcomes in people with diabetes.
Big data and advanced analytics have found use in healthcare to predict cost of care, or chance of hospital readmission. However, with this project a dashboard will provide “deep insights into disease progression, to enable doctors and patients to make better decisions about their health.” Harnessing existing data silos to “accurately predict an individual’s outcomes” and allow pre-treatment of medical complications.
“Huge amounts of real data holds the secrets to many business and social challenges,” points out Mike Merritt-Holmes, CEO and cofounder of Big Data Partnership. “We are thrilled to be able to apply the latest industry thinking and technology to big data from lifestyles, medication, environment and diet to discover a truly innovative way to approach healthcare.”
By Q2 in 2016 the diabetes prototype is slated for development and testing by experts, commissioners, hospitals and GPs. Once complete, the team will apply the approach to other diseases and patient communities, reports the press release.
(Image credit: GDS Infographics)