Patients Know Best has announced it has secured a £6 million loan to help scale its digital personal health record platform and expand internationally.
The funding is being supported by alternative finance provider, Growth Lending, to support Patients Know Best’s growth strategy.
The news comes following the UK government’s announcement to empower patients by developing and focusing on digital patient records, engagement and communication; with Patients Know Best commenting that its platform is currently in use across 25% of UK hospitals.
Chief executive and founder at Patients Know Best, Mohammad Al-Ubaydli, commented: “We recognised the suboptimal care that patients everywhere receive due to fractured patient information and so we developed a single, integrated Personal Health Record. While our software has already empowered patients across the nation, this funding will enable us to bolster our proposition even further, in support of the UK government’s plan for NHS digitalisation, and to bring this to more countries more quickly – ultimately, delivering on our core mission of ensuring better care for all.”
The deal was supported by Azets, Shoosmiths and Marriott Harrison, with debt advisory by the Fuse Capital Group.
Wider digital patient records trend
In a recent HTN Now discussion, we spoke to a panel of digital leaders on health tech and innovations for the future. Dr Penny Kechagioglou, chief clinical information officer and deputy chief medical officer at University Hospitals Coventry and Warwickshire shared how her organisation is currently looking at ways to introduce automated pathways and developing its patient portal capabilities around two-way messaging between patients and clinicians.
In November, the Professional Record Standards Body laid out plans for a consultation with NHS England aimed at exploring how a patient’s characteristics are recorded in care records, with focus on ensuring that patient diversity is reflected, especially when used in clinical decision-making. The project was said to look at standardised data sharing across NHS systems, addressing “critical” gaps.
Hampshire and Isle of Wight Healthcare NHS Foundation Trust recently published a prior information notice for the procurement of a patient engagement portal solution, with a budget of £800,000. Some key requirements include the ability for patients to book, schedule and cancel appointments via direct integration with EPRs, patient access to care plans and assessments via the portal and all patient data to be held in the EPR to maintain a full clinical record. Learn more about this procurement here.
At the Guyana Ministry of Health’s end of year press conference, a UK company was awarded a $3.3 million contract to deliver its electronic health records system across its hospitals. According to a statement from the Ministry, the integrated electronic system will contain patient’s medical history, diagnoses, medications, treatments and test results.
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