As the UK Parliament shut down, a quiet revolution was building; not around Brexit but healthcare.
The House of Lords, was the venue for an event that brought together Microsoft, PWC, NHS, LSX and Excite Ventures, which aims to address some of the biggest challenges in the sector.
The event gathered around 60 global corporate captains from tech companies, big pharmaceuticals to some of the largest insurers and media behemoths - the focus being "Health Technology Convergence for Personalised Healthcare".
The speakers outlined how, despite increasing levels of investment, and new technologies - health outcomes and even life expectancy in the developed nations were generally in decline.
It is evident that to truly make healthcare more effective, no single sector had the answer alone. It is not AI or medicine or better food or exercise, but all of these needed to be rolled out together in a holistic, person centred way.
"Collaboration" is increasingly necessary for good business, was the overriding message from the panel; supported by Neil Jordan, who leads Microsoft's global healthcare business. Already Microsoft and Walgreens Boots Alliance have published their intent towards personalised healthcare - which is seen as a key opportunity for the companies to address the challenges. Noel Gordon, Chairman of NHS Digital outlined how the NHS was establishing all the data infrastructures required to support collaboration that could improve patient outcomes - and was looking to encourage external and internal efforts that could 'move the needle'.
Anoop Maini, CEO of Excite Ventures talked about some of practical opportunities around which participants could form alliances - to reverse the spiralling death rates in asthma, reversing the growth in diabetes and prevention of heart attacks: whose cost alone is expected to grow from around $500bn to over $1.1tr in the next decade in the US - despite the technological revolution that is underway.
"Not only is this the right thing for society, but it is also the right thing for business" he said.
It is fascinating to see this happening at a time when 181 CEOs of the worlds corporations and investors declared that businesses need to be focusing on the longer term impact they create rather than short term shareholder value. Will healthcare be first the first opportunity in the queue?
Perhaps this quiet revolution, is really underway…
Notes to Editors
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