Feedback plc
Feedback awarded further funding to extend NHS Trust
pathways
Feedback plc (AIM: FDBK, "Feedback"
or the "Company"), the clinical infrastructure specialist, is
pleased to announce that it has secured further funding to extend
the delivery of its Community Diagnostic Centre ("CDC") pathway
pilot at the Northern Care Alliance NHS Foundation Trust ("NCA")
site in Oldham.
Feedback has successfully supported
Oldham CDC's application for further pathway funding from the
2024-25 NHS England budget, securing a paid contract extension as
outlined in the original pilot announcement, on 21 March 2024. This
further funding is for £69,000 with an initial 50% paid from the
NHSE H1 budget to 30 September 2024, with the balance expected from
the NHSE H2 budget to continue the pilot to 31 March 2025. The
pilot is focused on breathlessness, further demonstrating the
impact of a pathway approach on CDC utilisation and wider patient
wait times. The data generated will complement positive findings
from past and ongoing pilots, building the business case for
further expansion and funding.
The coverage of the NCA's Bleepa®
based digital referral system, which is based on a separate Bleepa®
contract with Feedback, has also been significantly expanded since
December 2023, when it supported six specialities at Oldham and one
at Fairfield General Hospital. Its total user number has increased
68% between June 2023 and June 2024 with over 1,400 users at the
sites now generating over 9,200 patient referrals during this
period alone. It now supports eleven specialties, including
Endocrinology and Haematology at Oldham, and five specialities,
including Cardiology and Respiratory at Fairfield.
An independent
report by Unity Insights
published in October 2023 found that the NCA identified a dramatic
reduction in clinical response times after switching to Bleepa®
from paper-based referral systems, after examining 10,000 referrals
made between July 2021 to April 2023. The report estimated that the
collective time savings would be worth £819,000 to the NCA over 5
years and, if adopted across the whole Greater Manchester
Integrated Care Board, could free up £7.7m in savings over the same
period.
Tom
Oakley, CEO of Feedback plc, said: "We are extremely pleased to announce the confirmation of the
funded second stage of our CDC pilot at Oldham and remain focussed
on delivering further evidence that supports the adoption of a
pathway approach for CDCs, enabled by the Bleepa® platform. We see
this as further validation of the value the NCA and NHSE sees in
our service and will use our findings to support national
expansion.
"As use of our digital inpatient referral system expands to
cover more specialities, more users and capture more referrals at
Oldham and Fairfield, we are eager to build upon the positive
findings from Unity's report and deliver much needed time savings
to the NHS."
Anand Iyer, NCA CDC Programme Lead at the Northern Care
Alliance said: "We are thrilled to
collaborate with Feedback to deliver a clinically transformative
breathlessness pathway at the Oldham Community Diagnostic Centre.
This new pathway enables patients to undergo multiple diagnostic
tests in a single visit, with the Bleepa® system accelerating
clinical response times. As a result, patients will experience
significantly reduced waiting times and receive faster
diagnoses."
Georges Ng Man Kwong, Chief Clinical Information Officer
(Bury, Rochdale and Oldham) at the Northern Care Alliance,
said: "We are delighted that clinical engagement and onboarding of
additional specialities in response to positive user feedback has
led to ongoing systems optimisation, benefits realisation and
value for patients, staff users, our care organisation
and the wider NHS.'"
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 Liberum Limited (NOMAD and
Broker)
Emma Earl/Freddy Crossley/Mark
Rogers (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 liberates the data and
knowledge from multiple healthcare IT systems and delivers better
workflow to enable clinicians to communicate, collaborate and
provide the best healthcare for their patients. We connect care
settings with diagnostic and other relevant data to drive better,
faster, safer decision that improve outcomes for
patients.
By linking different clinical systems
together into a seamless view of the patient, we can streamline
patient pathways and deliver a digital health and diagnostics
record across multiple care providers.
Bleepa® is our communication and
collaboration platform that displays clinical results at a
certified and regulated quality, which enables multi-disciplinary
team working and diagnostic-enhanced advice and guidance.
CareLocker® is our patient-facing platform that gives patients
access and control over their diagnostic and other clinical
data.
The Company has a number of growth
opportunities domestically and internationally across a range of
public and private healthcare markets including the NHS. Our 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.