Trust sells Somerset patient records
Somerset NHS Foundation Trust was formed on 1 April this year. It is the result of a merger between Somerset Partnership NHS Foundation Trust and Taunton & Somerset NHS Foundation Trust. The former runs the community hospitals and mental health services across the whole of Somerset. the latter is the trust that runs Musgrove Hospital in Taunton.
The Trust employs over 9,000 employees.
Today it announced that it has “sold” patient records to a medicare company, Sensyne plc. Under the agreement anonymised patient records will be passed to Sensyne to enable their research. The idea is that the anonymised data can be used by AI and machine learning to speed up research.
In total1.1 million unique patient records from a patient population of approximately 600,000 people are involved.
In return the NHS trust will receive shares representing 1.11% of Sensyne, which at this morning’s valuation were worth £1.78m. In addition Sensyne will pay £250,000 per annum for the data. That’s equivalent to a total of £3.033m across the 5 year period.
So if you ever wondered what your medical records were worth…. It equates to approximately £5 per patient.
The deal begs several substantial ethical questions, these we will investigate further in our January edition.