£322.5k won for Improved Perioperative Risk Prediction and Reduction, helping 10m+ NHS patients

Funds Secured

‍GrantUp has secured £322,551 in funding from Innovate UK for Ultramed, a pioneering health technology company looking to develop and integrate a novel, AI-enabled, perioperative risk prediction and management tool.

Introduction to Ultramed

‍Ultramed has successfully launched MyPreOp, a cloud-hosted pre-operative assessment platform. Used by over 25 NHS trusts, MyPreOp has significantly reduced patient visits and clinical effort, demonstrating Ultramed’s commitment to innovative digital health solutions.

Goal

‍To develop and integrate a novel AI-enabled perioperative risk prediction and management tool into Ultramed’s existing platform, improving surgical care efficiency and reducing elective surgery backlogs in the NHS. 

Why They Chose Grant Up

‍Ultramed chose Grant Up for their expertise in securing funding for innovative healthcare projects and their support in navigating the complex application process for the Innovate UK grant.

Challenge

‍The NHS faces significant challenges in managing elective surgery backlogs, which have grown to 7.3 million from 4 million pre-COVID. Current homogenised risk prediction strategies fail to address individualised patient care needs, complicating resource allocation and patient management.

Solution

‍Ultramed’s solution includes a groundbreaking AI-enabled clinical risk model that anticipates patient requirements from preoperative data and national databases. This tool will streamline perioperative care by offering personalised risk predictions and supporting clinical decision-making across the surgical journey.

Problem

‍The NHS performs over 10 million surgical procedures annually, with a substantial elective surgery backlog. Current perioperative care relies on generalised risk prediction strategies, leading to inefficiencies and suboptimal patient care.

Opportunity

‍By leveraging AI and machine learning, Ultramed aims to revolutionise perioperative care with a personalised risk prediction tool. This innovation addresses the urgent need for improved surgical efficiency, particularly for high-risk patients suffering with diabetes and obesity.

Solution

‍Ultramed’s tool will utilise extensive preoperative assessment data to create sophisticated predictive models. This system will offer personalised risk assessments and facilitate better resource planning, ultimately improving patient outcomes and operational efficiency in the NHS.

Challenge

‍Key challenges include developing accurate machine-learning algorithms, integrating with existing NHS systems, and ensuring regulatory compliance. Additionally, the project must overcome technological inertia within the healthcare sector to achieve widespread adoption.

Result

‍Ultramed’s collaboration with GrantUp was a great success, securing £322,551 in grant funding. This financial injection has enabled Ultramed to deliver a revolutionary AI-enabled clinical risk model anticipating patient requirements from preoperative data and national databases.