NHS trust seeks help from FinTech players

Written by Hannah McGrath

A London hospital trust is looking to exploit the growing trend for FinTechs looking to gain a foothold in the public health space as it issued a call to help it upgrade its digital health finance systems.

The finance department at Chelsea and Westminster Hospital and its charity arm CW+ have launched an appeal for FinTechs to help them identify innovative technologies that would improve efficiencies and lead digital transformation in financial operations after similar digital programmes were established to support patient care.

The public health body is interested in exploring the ways in which artificial intelligence (AI), automation, chatbots and blockchain technologies can help its finance team reduce manual processes, improve operational efficiency and data flow.

The organisations say they are interested in hearing from finance technology startups, SMEs and larger corporations looking to gain a foothold in the public health provider space. Ideally, they said, the providers would be able to integrate with existing IT systems, demonstrate a strong London presence and approach collaborations in a strategic and partnership-oriented way.

Sandra Easton, chief financial officer at Chelsea and Westminster Hospital NHS Foundation Trust, said that the trust would also be looking to expand digital transformation projects to its HR and procurement functions if collaboration with FinTech firms proves fruitful.

“This is an incredibly exciting initiative for us. We are proud to be a forward-thinking Trust with innovation being a key area of our work, beyond our clinical operations,” she said.

Chris Chaney, chief executive at CW+, added: “The potential impact of tapping into exciting FinTech innovation in the NHS is significant, which we hope the wider healthcare sector will also benefit from.”

Companies have until 2 September 2018 to submit an expression of interest.