Real World Health, based in London, has successfully raised £1.37 million to enhance NHS data utilisation. This funding aims to tackle pressing issues like surgical procedure backlogs and the mental health crisis, demonstrating a strong commitment to innovative solutions.
Supported by Maven Capital Partners and Dowgate Capital, the funding round focuses on expanding Real World Health’s commercial reach. The company seeks to optimise NHS operations, increase efficiency, and significantly improve patient care across multiple sectors through advanced data-driven tools.
Transforming Healthcare with AI and Machine Learning
Real World Health is pioneering the adoption of AI and machine learning solutions designed specifically for NHS settings. These tools are crafted to significantly enhance the efficiency of operating theatres, meticulously plan bed capacity, foresee mental health crises in children, and more. Notably, these innovative tools have facilitated annual savings of up to £5.5M across projects, augmenting care for millions daily. One standout solution, Opfeed, has been instrumental in reducing costs by £130,000 per theatre, bolstering patient throughput by 18%, and decreasing late finishes by 87%.
Enhancing Efficiency and Tackling Backlogs
Despite the NHS’s extensive patient data resources, unlocking actionable insights remains complex. Real World Health addresses this with its deep-rooted data science expertise, seamlessly integrating with NHS trusts. Their ground-up development approach prioritises the specific needs of each trust, delivering tangible improvements in operational efficacy and patient care. By leveraging AI, machine learning, and analytical modelling, providers optimise data utility aligning with the NHS’s strategic goal of achieving 2% annual productivity gains. This empowers providers to make data-driven decisions regarding resource allocation, planning, and capacity management.
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Addressing Surgery Backlogs and Mental Health Needs
Arriving at a crucial juncture for the NHS, over 7.5 million elective surgeries remain pending. Leveraging the Opfeed tool, Real World Health addresses this backlog by enhancing theatre productivity. Utilising AI, the tool transforms note-taking into classified procedures, employs machine learning for precise duration predictions, and optimises theatre scheduling with sophisticated algorithms.
Mental health services also benefit from Real World Health’s innovations, with partnerships involving major providers like Central North West London. These collaborations focus on improving bed capacity, reducing admissions, and boosting service productivity. The firm is actively collaborating on an AI-driven model aimed at predicting child mental health crises, integrating data from social care, education, and health sectors.
Scaling Impact Across Healthcare Systems
Real World Health has already partnered with over seventy organisations worldwide, including locations in the UK, Middle East, and Australia. This reach underscores their influence in enhancing healthcare efficiency and patient outcomes. The newly secured funding will further this mission by expanding product capabilities and widening access to their transformative solutions.
CEO Scott Fletcher articulates this vision plainly: “This investment represents a pivotal advance in our mission to equip NHS bodies with necessary tools for unlocking data potential. Achievements to date in reducing backlogs and enhancing mental health resource allocation highlight our solutions’ transformative nature.” Maven Capital’s Alex Sleigh expresses similar sentiments, noting consistent ROI delivery and anticipated improvements in patient outcomes with continued support.
About Real World Health
Real World Health is at the forefront as a data solutions provider in the healthcare and life sciences sector, empowering clients to harness their data’s full potential. With over ten years as a crucial NHS partner, the organisation has enabled millions in savings through comprehensive analytics and transformation strategies. At their core, predictive and prescriptive data analytics drive superior patient results.
Real World Health’s strategic advancements exemplify a potent solution to NHS challenges. By leveraging pioneering AI and machine learning strategies, they deliver measurable improvements in healthcare delivery. This initiative not only addresses immediate operational inefficiencies but also sets a precedent for future healthcare innovations, making a tangible impact on patient care and NHS sustainability.
