Feedback plc
Feedback opens opportunity in UK private
healthcare
Feedback plc (AIM: FDBK, "Feedback"
or the "Company"), the clinical infrastructure specialist,
announces that radiology specialist Medical Imaging Partnership
("MIP") has agreed to pilot Bleepa-CareLocker, in order to deliver
multiple clinical pathways to its customers in the UK private
healthcare sector.
The agreement to pilot, enables both
parties to evaluate how a pathway that enables a 'straight to
diagnostic' stage followed by an 'asynchronous MDT' review, can
translate from the NHS model and deliver impact within private
healthcare journeys. The pilot will formally commence on a paid
basis after an initial evaluation and planning period. It is
anticipated that Bleepa will host a number of different
diagnostic-led clinical pathways, starting initially with a novel
direct access prostate screening service, pioneered by MIP, with
further pathways across cardiac and Women's Health services to be
onboarded later in the year.
Bleepa-CareLocker has been selected
by MIP as its preferred digital partner based on its requirements
to view clinical results data securely and remotely, to conduct
asynchronous remote multidisciplinary team ("MDTs") meetings and to
communicate results across provider sites, all through a single
platform. It is anticipated that the pilot will also evaluate the
possibility of patient direct access to results through Feedback's
CareLocker application.
Patient volumes and associated
revenue are expected to be modest in the early stages, post the
evaluation and planning phase, however, management believes that
the importance of this pilot cannot be understated. The fact that
this is a direct translation of the NHS pathway work into the UK
private healthcare sector highlights the important role that the
private sector can play in supporting the NHS recovery and those
patients affected by long waiting lists. It also demonstrates the
huge versatility of the Bleepa-CareLocker platform to deliver care
across sectors and is Feedback's first step towards opening a
business line in the UK private sector.
Dr
Tom Oakley, CEO Feedback plc said: "This exciting programme is the culmination of years of
pathway work alongside UK clinicians. In Bleepa-CareLocker, we have
developed a platform that delivers an unparalleled value
proposition to clinical service partners, both in the NHS and now
in the private sector. This is the first time that we have
translated our NHS model into the private sector and we are excited
to see the impact this could have for private patients and MIP as
our clinical service partner and customer. We hope to use this
pilot to open our opportunity in the UK private healthcare market,
which was expected to reach £11 billion in 2023."
Steve Bird, CEO of Medical Imaging Partners
said: "MIP is developing new models
of diagnostic services in the independent diagnostic sector,
including expanding its range of cancer and cardiac health checks
and diagnostic tests. The company is also delivering a compelling
range of direct-to-consumer diagnostic services that can offer
patients choice and fast access at crucial times in their health
and wellness journey. We see Bleepa-CareLocker as the ideal
platform for us to help support these services and we were
impressed by the capabilities and impact delivered in the NHS CDC
pilots undertaken recently and look forward to seeing how this
platform can help us to deliver our own pathways in the independent
sector."
--Ends--
Enquiries:
Feedback plc
Tom Oakley, CEO
Anesh Patel, CFO
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+44 (0) 20 3997 7634
IR@fbk.com
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Panmure Gordon (UK) Limited (NOMAD and
Broker)
Emma Earl/Freddy Crossley (Corporate
Finance)
Rupert Dearden (Corporate
Broking)
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+44 (0)20 7886 2500
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Walbrook PR Ltd;
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Tel: 020 7933 8780 or
feedbackplc@walbrookpr.com
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Nick Rome/Joe Walker
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07748 325 236 or 07407 020
470
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About Feedback
Feedback plc helps clinical teams to
make better decisions faster for patients. We design products that
enhance clinician access to patient data and to their colleagues.
Our unique approach centres around individual patient episodes,
into which we pull relevant clinical data from hospital systems and
around which we build remote clinical teams for collaboration. As a
result, we produce a digital infrastructure that makes patient data
available to clinicians in multiple settings, in a format that
enables them to meaningfully interact with it, providing
flexibility to clinicians and free movement of patients between
provider settings - clinicians can practice from anywhere and
patients can attend any care provider for
treatment.
Our products Bleepa and CareLocker
work together to deliver unparalleled value to our customers.
Bleepa is our application layer and sits on top of CareLocker as
our data layer. Bleepa is a clinician facing platform that displays
clinical results from a patient's CareLocker at a certified and
regulated quality, that is suitable for clinical use and enables
dialogue on a patient-by-patient basis with colleagues through a
secure, auditable chat interface that links back to the patient
medical record. The CareLocker data storage model is built around
the patient. Our vision is one where relevant clinical data is
always available to the patient as well as to any care setting that
they may attend - a federated data architecture with the patient as
the tenant.
The Company has a number of growth
opportunities domestically and internationally across a range of
markets including the NHS, the veterinary market and private
healthcare providers and its highly scalable Software as a Service
("SaaS")-based model is expected to provide increasing levels of
revenue visibility as the Company grows its customer
base.
About Medical Imaging Partnership
Medical Imaging Partnership has been
delivering high-quality radiology and diagnostic services for both
the NHS and the Independent sector for over a decade. The company
has multiple sites and centres across the south of England, along
with diagnostic centres in London, Manchester and Surrey. The sites
provide MRI, CT and Dexa scanning along with Ultrasound services
and other diagnostic services and tests. All locations are led by
qualified and experienced healthcare professionals with a
reputation for providing high quality care and service.