This story was first published in digitalhealth.net
NHS announces new funding route for medtech innovations
A new programme to fast track funding for the latest innovations in healthcare technology has been launched by NHS England.
Simon Steven’s, chief executive of NHS England, announced the new funding route at the NHS Confederation Conference in Manchester, which will provide an explicit national reimbursement route for new medtech innovations.
The programme is designed to cut the hassle experienced by clinicians to get uptake across the NHS by removing the need for multiple local price negotiations. Instead, the new Innovation and Technology tariff category will guarantee automatic reimbursement when an approved innovation is used, while also allowing NHS England to negotiate ‘bulk buy’ prices.
The move is designed to accelerate the uptake of medtech devices and apps, which can help patients with conditions such as diabetes, heart conditions, asthma, sleep disorders and other chronic health conditions.
Stevens said: "The NHS has a proud track record of world firsts in medical innovation - think hip replacements, IVF, vaccinations and organ transplants to name just a few. But then getting wide uptake has often been slow and frustrating. Now - at a time when the NHS is under pressure - rather than just running harder to stand still, it's time to grab with both hands these practical new treatments and technologies.
"In the rest of our lives we're seeing the difference that innovative tech makes, and now the NHS will have a streamlined way of getting ground-breaking and practical new technologies into the hands of patients and our frontline nurses, doctors and other staff. By doing that, we can transform people's lives."
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