FirmTech

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NHS Problem

Erectile Dysfunction (ED) affects around 4-5 million men in the UK, often indicating underlying cardiovascular issues. Approximately 70-80% of ED cases are linked to these health problems, making it a critical early warning sign. Despite this, many men do not seek help, leading to untreated conditions that escalate healthcare costs. The NHS spends significant resources on related complications, which could be mitigated through early detection. FirmTech’s TechRing empowers men to monitor erection quality and duration via a smart wearable device, facilitating proactive health management and potentially reducing long-term healthcare expenditures.  

The Solution

FirmTech is an innovative health technology company focused on enhancing men’s health through data-driven solutions. Our flagship product, the TechRing, is a smart wearable device designed to monitor erectile function by measuring the duration and firmness of erections. Paired with a user-friendly app, the TechRing provides real-time insights into vascular health, enabling users to identify potential issues early. With a sleek, discreet design, it promotes proactive health management and encourages open conversations about men’s wellbeing. FirmTech is committed to transforming how men approach their health, ultimately fostering a proactive attitude towards cardiovascular and sexual health

Impact

Early detection of erectile dysfunction (ED) using the FirmTech TechRing can offer significant cost benefits for the NHS while enhancing patient outcomes. With around 4 to 5 million men in the UK affected by ED and over 4.5 million prescriptions costing the NHS £15.5 million annually, the financial implications are considerable. 

Cost Benefits:

  • Reduced Prescription Costs: Early identification can minimise the need for extensive medication, leading to lower overall drug expenditures. 
  • Lower Specialist Consultation Rates: Detecting ED early may decrease the number of patients needing specialist referrals, allowing general practitioners (GPs) to manage cases more efficiently and reducing costs. 
  • Data-Driven Decision Making: FirmTech’s collaboration with urologists on data from 45,000 erections can enhance understanding and lead to more effective, tailored treatment plans, improving recovery rates. 
  • Improved Quality of Life: Early intervention can address underlying health issues associated with untreated ED, such as anxiety, further reducing costs linked to mental health services.