Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
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Feedback plc
Feedback secures CDC pathway pilot with Oldham CDC, part of
the Northern Care Alliance
· Third
CDC pilot site announced since December 2023
· Focused on further demonstrating the impact of a pathway
approach on CDC utilisation and wider patient wait times
Feedback plc (AIM: FDBK, "Feedback"
or the "Company"), the clinical infrastructure specialist,
announces that it has secured funding of £50,000 for a further
Community Diagnostic Centre ("CDC") pathway pilot with the Oldham
CDC, run by the Northern Care Alliance. This follows the two pilot
sites, Amersham CDC in Buckinghamshire and a pan
regional pilot across Buckinghamshire, Oxfordshire and Berkshire
ICS ("BOB ICS"), announced on 19 December 2023. The Company
has contracted directly with Oldham CDC using an additional award
of funding locally disbursed for this purpose under NHS England's
("NHSE"), CDC Programme.
The contract entered into this week
reflects advisory services Feedback has and continues to provide to
Oldham CDC for the four-month period ended 31 March 2024 in
relation to pathways development and deployment of the Company's
market leading symptom-based pathway tool, Bleepa. On
completion of the initial milestones, the Company will support
Oldham CDC to apply for more funding from the 2024-25 NHS budget to
extend the pilot with a view to installing Bleepa and establishing
a live breathlessness pathway for patients. This will be used to
complement findings from the ongoing pilots in Amersham CDC and BOB
ICS, and follows the success of the ongoing pilot at
Queen Victoria Hospital ("QVH") / Sussex
Integrated Care System ("Sussex ICS") for the breathlessness
pathway.
The Company continues to focus on
providing reference points for commercial contracts and building
the case for subsequent funding of a wider pathway approach to CDC
delivery.
Dr
Tom Oakley, CEO of Feedback plc said: "We are gaining momentum in the CDC space following the
funding support released by NHSE. Each additional site builds the
evidence base for wider rollout and helps convince the wider NHS of
the unquestionable benefits of the symptom-based,
straight-to-diagnostic pathway approach.
"A
national conversation is growing around how CDCs can be used to
drive down waitlists and demonstrates how the NHS can achieve a
return on their capital investments to date in building CDCs. This
is about leveraging the diagnostic outputs of the CDC to drive down
waitlists by integrating them into patient
pathways.
"We are focused on further demonstrating the impact of a
pathway approach on CDC utilisation and wider patient wait times -
by providing multiple service lines and mutual aid delivery models
for sharing workforce capacity at a regional basis through the
Bleepa platform. We continue to have a number of discussions at the
local, regional and national levels with NHS bodies and anticipate
further updates in the coming months.
"Furthermore, we are encouraged by the increased NHS spending
announced in the Spring Budget, highlighting the importance of
investing in digital capabilities for the UK healthcare system. It
is essential that the UK has a modern system that is able to
provide timely care for patients - and we believe that Bleepa could
have an integral role to play."
--Ends--
Enquiries:
Feedback plc
Tom Oakley, CEO
Anesh Patel, CFO
|
+44 (0) 20 3997 7634
IR@fbk.com
|
|
|
Panmure Gordon (UK) Limited (NOMAD and
Broker)
Emma Earl/Freddy Crossley (Corporate
Finance)
Rupert Dearden (Corporate
Broking)
|
+44 (0)20 7886 2500
|
|
|
Walbrook PR Ltd;
|
Tel: 020 7933 8780 or
feedbackplc@walbrookpr.com
|
Nick Rome/Joe Walker
|
07748 325 236 or 07407 020
470
|
About Feedback
Feedback plc helps clinical teams to
make better decisions faster for patients. We design products that
enhance clinician access to patient data and to their colleagues.
Our unique approach centres around individual patient episodes,
into which we pull relevant clinical data from hospital systems and
around which we build remote clinical teams for collaboration. As a
result, we produce a digital infrastructure that makes patient data
available to clinicians in multiple settings, in a format that
enables them to meaningfully interact with it, providing
flexibility to clinicians and free movement of patients between
provider settings - clinicians can practice from anywhere and
patients can attend any care provider for
treatment.
Our products Bleepa and CareLocker
work together to deliver unparalleled value to our customers.
Bleepa is our application layer and sits on top of CareLocker as
our data layer. Bleepa is a clinician facing platform that displays
clinical results from a patient's CareLocker at a certified and
regulated quality, that is suitable for clinical use and enables
dialogue on a patient-by-patient basis with colleagues through a
secure, auditable chat interface that links back to the patient
medical record. The CareLocker data storage model is built around
the patient. Our vision is one where relevant clinical data is
always available to the patient as well as to any care setting that
they may attend - a federated data architecture with the patient as
the tenant.
The Company has a number of growth
opportunities domestically and internationally across a range of
markets including the NHS, the veterinary market and private
healthcare providers and its 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.