10 Jul Health Tech Alliance Parliament and HealthTech Networking Reception: Revolutionising Healthcare Through Innovation
Our Chief Commercial Officer, Andrew Thelwell, joined industry professionals and key decision makers across parliament and the health sector at the Health Tech Alliance, Parliament and HealthTech Networking Reception, to unravel the latest challenges facing healthcare. The reception highlighted the recent surge in medical demand and the crucial role innovation can play in meeting it. With the current barriers to entry restricting activity, providing a frictionless approach will be the key to driving better patient outcomes.
During the reception, the Chatham House rules enabled honesty from all members, encouraging important and transparent conversations on the most pressing challenges today for the industry.
The Need for a Frictionless Approach
For many MedTech innovators, the go-to-market journey is extremely difficult. The healthcare industry is highly competitive and filled with regulatory challenges. While this does ensure patient safety and greater transparency around MedTech, the adoption of medical devices on the market is a lengthy and time-enduring process. Industry professionals at the Health Tech Alliance, Parliament and HealthTech Networking Reception recognised these obstacles, highlighting how innovation is key to improving patient outcomes.
Barriers to entry such as regulatory hurdles and supply chain issues are huge challenges for the implementation of medical devices across healthcare systems. As a result, the NHS has been slow to adopt seemingly well-evidenced innovations, falling behind the competition. Reducing these barriers to entry will enable patients far greater access to medical devices and ultimately improve their quality of life and save our healthcare system money long term.
While the healthcare industry has been receptive to making it easier for new medical devices and innovations available to patients, the NHS lacks a clear pathway to execute their rapid rollout. Consequently, a more structured process is needed, with clearly defined goals and a shared standard of care among healthcare professionals.
The reception also explored how healthcare professionals are in favour of more expensive technology, often overlooking simple alternatives. However, simplicity can foster increased efficiency and amidst rising healthcare costs, the focus should be redirected towards more simple technological solutions as this can generate the best results.
Optimising Healthcare Innovation
This event served as a platform for open and honest discussions, uncovering the latest issues impacting the NHS. The reception underlined the urgent need for a frictionless approach to overcome the barriers hindering MedTech innovators from bringing their products to market, as well as highlighting the necessity of establishing clear healthcare pathways. By embracing innovation and improving the availability of medical devices on the market, the healthcare industry can succeed by achieving better patient outcomes.
Read more about Health Tech Alliance here.