New report highlights at least £16.5bn of efficiencies to preserve the future of the NHS
Volterra report with EMC highlights the opportunity for predictive and preventative medicine to accelerate the Wellness Model
A new report – “Sustaining Universal Healthcare: Making Better Use of Information” – released this week by Volterra Partners and EMC has outlined how data analytics and better use of information can improve the efficiency of healthcare delivery in the UK by up to 60 per cent, with the potential to save the NHS between £16.5 billion and £66 billion per year. The NHS is currently facing a £34 billion funding gap by 2020 and radical action is needed to preserve its core values of “providing free healthcare for everyone”. An infographic has also been created to outline the key figures, click on the image below to take a look.
The report exposes the gap between the NHS and other industries in its use of data analytics and technology, adding to the body of evidence that shows that the current patchwork efforts to maintain the NHS are unsustainable. The lack of electronic records, predictive analytics, collaboration and effective monitoring of patient and treatment outcomes, in addition to personalised care, is leading to failures and financial inefficiencies that are unsustainable in the long-term.
There are pockets of excellence across the UK where data analytics has been effectively employed to deliver better quality of care for patients. If these examples were implemented nationally this would result in savings of:
- £840 million per year due to a reduction in A&E attendances
- £200 million per year through reduced complications due to diabetes
- £126 million per year through better care management for patients with Chronic Obstructive Pulmonary Disease (COPD)
- Up to £32 million per year through the reduction of readmission rates
- £5 billion of savings in staff time through more efficient working practices
James Norman, Healthcare Director, UK & Ireland at EMC, said: “Transformation in healthcare is needed now. If we want to save the NHS we should be ambitious and bold. We need a more joined-up system in place to drive interoperability of patient records and to better use the valuable information insights we generate. Doing so would mean that we could more easily identify the combination of factors that would put a patient at risk of generating a chronic condition, opening up the opportunity to prescribe treatment before they become ill. Or, this could allow us to develop personalised medicines, improve early diagnoses and analyse specific treatments to maximise the benefit of medicine used. Increasing the accessibility and agility of data, improving mobility, ensuring we’re secure and compliant and offering flexibility and scalability while investing in the appropriate skills and learning from other industries, is crucial to preserving an icon of British society.”
The report also identifies a number of recommendations to enhance patient care, including:
- Speeding up the accessibility of data and communicating the benefits to patients and GPs ahead of time to build trust and buy in
- Collaboration at a local level with health institutions and academia
- Investment in appropriate skills in the health workforce to handle and use data effectively
- A change in culture within the Department of Health to drive a real shift to the Wellness Model, rather than just using data to improve performance management
View the full report here and join in the conversation on Twitter via #NHSdatareform.