Tackling the £7.6bn Cancer Care Challenge for UK Firms
In a significant move for the insurtech and healthcare sectors, digital health platform Syrona Health has partnered with Perci Health, the UK's first virtual cancer survivorship clinic, to offer a comprehensive cancer care solution for insurers and employers. This collaboration aims to address the growing financial and productivity challenges posed by cancer, which costs the UK economy over £7.6 billion annually.
The partnership combines Syrona's advanced cancer screening and early detection tools with Perci's personalised prevention and post-diagnosis rehabilitation programmes. The approach seeks to support patients through every phase of their cancer journey, from initial screening to long-term recovery.
With more than 367,000 new cancer cases diagnosed annually in the UK, the burden on employers and insurers is substantial -- and the Syrona-Perci partnership offers a unique, patient-centred solution.
Anya Roy, Co-founder of Syrona Health: "Our partnership with Perci is a game-changer for cancer care. By combining Syrona's cancer screening solutions with Perci's network of highly skilled cancer specialists, we're creating a seamless, patient-centred journey."
The partnership addresses a critical gap in the current healthcare landscape. While treatment is available through both the NHS and private sector, long-term care and rehabilitation for cancer survivors is often lacking. This shortfall results in employers facing unprecedented medical inflation, with high-cost cancer claims impacting premiums and employees struggling with complex healthcare needs beyond their initial treatment.
Advancements in Cancer Care
The Syrona-Perci solution leverages several technological advancements to enhance cancer care. Syrona's screening platform uses artificial intelligence and machine learning algorithms to improve early detection rates. Meanwhile, Perci's virtual clinic employs telemedicine technology to provide remote access to a multidisciplinary team of cancer specialists.
Kelly McCabe, Co-founder and CEO of Perci Health, comments: "Cancer survivors are often underserved, facing lasting challenges that continue well beyond their diagnosis. Our partnership with Syrona allows us to deliver personalised, multidisciplinary care to more patients while helping employers and insurers address the growing costs of cancer care."
The platform's data analytics capabilities enable personalised care plans and predictive modelling, potentially reducing healthcare costs and improving patient outcomes.
Impact on Insurance and Employment Sectors
The collaboration between Syrona and Perci has significant implications for both the insurance industry and employers. By offering comprehensive cancer care from screening to rehabilitation, the solution aims to reduce absenteeism and healthcare costs associated with cancer treatment and recovery.
Morgan Fitzsimons, Co-founder and CXO of Perci Health, notes: "With cancer diagnoses rising among younger workers, increasing by 80% in the last 30 years, traditional healthcare systems are falling short. We reduce the costs associated with absence and long-term sickness while helping those impacted by cancer regain their careers and lead fulfilling lives, both personally and professionally."
For insurers, this integrated approach could lead to more accurate risk assessment and potentially lower claim costs. The early detection capabilities of Syrona's screening technology, combined with Perci's tailored rehabilitation programmes, may result in shorter treatment periods and faster returns to work, ultimately benefiting both insurers and policyholders.
**************
Make sure you check out the latest industry news and insights at InsurTech Digital and also sign up to our global conference series - FinTech LIVE 2024
**************
