ID Medical makes impression in Recruiter FAST 50 league
Written by Caryn Cooper
The resurgence of ID Medical in the highly anticipated FAST 50 report signals the company’s staying power and special combination of consistency and strong top line growth. In 2011 ID Medical was honoured to be placed 31st, and then rocketed to 9th in 2013. This year, ID Medical has improved its position even further, sitting proud in the top three.
With a compound sales growth of 62.44% over the last three years (only 0.42% from 2nd position), ID Medical shows no sign of slowing down.
Mark Kingston, senior executive at mergers and acquisitions advisers Boxington Corporate Finance stated that ID Medical is one of only three firms in particular that stands out and has “done well to manage consistent growth over four consecutive years.”
The prominence of the Healthcare sector within the FAST 50 alludes to the increased use of temporary agency staff in the NHS, as well as the reduction in the number of suppliers.
Deenu Patel, ID Medical’s managing director commented, “There are many factors contributing to our enduring success. We’ve formed a quality business with quality people, whilst setting a strong growth strategy to expand into new market areas.
“We continue to see increased demand from our valued NHS clients to ensure they meet the satisfactory staffing levels for maintained patient care and safety – and we have to act fast. As a result of our capacity to supply superior medical professionals, we continue to be awarded onto NHS framework agreements.
“Our growth is also attributed to our ability to innovate and adapt to changing requirements. In particular, ID Medical’s newly implemented technology platform to manage staff bookings is proof that we are willing to acclimatise.
“We are overjoyed to be featured within the FAST 50 once again. This evidences not only our continued investment into our people and our methodologies, but our passion for the NHS and industry as an entirety.”
Notes to editors
About ID Medical
Award-winning, multi-discipline healthcare recruiter ID Medical was formed in 2002 and is a superior quality supplier of locum doctors, nurses, allied health professionals and clerical staff, holding preferred supplier contracts with over 80% of NHS hospitals and private medical sector organisations.
From its headquarters in Milton Keynes as well as its Central London office, ID Medical provides practical, cost-effective andinnovative workforce solutions, supplying over 3 million hours to the NHS per annum. Within each of its professional divisions, ID Medical has dedicated client and candidate teams covering the multitude of medical specialties and roles to ensure every valued customer receives its premier level service, ultimately ensuring patients are always put first.
Since its foundation, the company has earned itself industry-wide accreditation and success with an amounting collection of accolades. These include the Recruiter FAST 50, Investec Hot 100, Recruitment International Top 250 and The Sunday Times Virgin Fast Track 100. Most notably, through an abiding focus on employee satisfaction, ID Medical was crowned Recruitment International’s ‘Best Recruitment Company to Work for 2013’ and featured in The Sunday Times Best Companies to Work for 2014.
About the Recruiter FAST 50
The Recruiter FAST 50 lists the fastest-growing private staffing companies in the UK according to compound annual sales growth rate as measured over each entrant’s most recent three-year financial reporting period, and is compiled by mergers and acquisitions advisers Boxington Corporate Finance. Qualifying companies are identified through several research methods including the analysis of sector information from Companies House, financial databases and press coverage to name a few.
Introducing Dosis - the AI powered dosing platform
Cloud-based platform Dosis uses AI to help patients and clinicians tailor their medication plans. Shivrat Chhabra, CEO and co-founder, tells us how it works.
When and why was Dosis founded?
Divya, my co-founder and I founded Dosis in 2017 with the purpose of creating a personalised dosing platform. We see personalisation in so many aspects of our lives, but not in the amount of medication we receive. We came across some research at the University of Louisville that personalised the dosing of a class of drugs called ESAs that are used to treat chronic anaemia. We thought, if commercialised, this could greatly benefit the healthcare industry by introducing precision medicine to drug dosing.
The research also showed that by taking this personalised approach, less drugs were needed to achieve the same or better outcomes. That meant that patients were exposed to less medication, so there was a lower likelihood of side effects. It also meant that the cost of care was reduced.
What is the Strategic Anemia Advisor?
Dosis’s flagship product, Strategic Anemia Advisor (SAA), personalises the dosing of Erythropoiesis Stimulating Agents (ESAs). ESAs are a class of drugs used to treat chronic anaemia, a common complication of chronic kidney disease.
SAA takes into account a patient’s previous ESA doses and lab levels, determines the patient’s unique response to the drug and outputs an ESA dose recommendation to keep the patient within a specified therapeutic target range. Healthcare providers use SAA as a clinical decision support tool.
What else is Dosis working on?
In the near term, we are working on releasing a personalised dosing module for IV iron, another drug that’s used in tandem with ESAs to treat chronic anaemia. We’re also working on personalising the dosing for the three drugs used to treat Mineral Bone Disorder. We’re very excited to expand our platform to these new drugs.
What are Dosis' strategic goals for the next 2-3 years?
We strongly believe that personalised dosing will be the standard of care within the next decade, and we’re honored to be a part of making that future a reality. In the next few years, we see Dosis entering partnerships with other companies that operate within value-based care environments, where tools like ours that help reduce cost while maintaining or improving outcomes are extremely useful.
What do you think AI's greatest benefits to healthcare are?
If designed well, AI in healthcare allows for a practical and usable way to deploy solutions that would not be feasible otherwise. For example, it’s possible for someone to manually solve the mathematical equations necessary to personalise drug dosing, but it is just not practical. AI in healthcare offers an exciting path forward for implementing solutions that for so long have appeared impractical or impossible.