Health Secretary Sajid Javid has retired from the £ 151,000 advisory role to C3.ai artificial intelligence company in taking on his new role.
Javid’s most recent record of members ’financial interests in parliament, on June 14, 2021, shows his advisory role to the company began in October 2020“ until further notice ”.
A spokesman for the cabinet office confirmed to Digital Health News that Javid is no longer an adviser to the company.
The former chancellor received £ 151,835 a year from the company, paid monthly, for 80-96 hours of work a year (10-12 days a year), according to the register. It works at about £ 1,500 per hour.
Javid received a payment to advise the company, which provides analytical support to healthcare organizations, on “global economy, geopolitics and market opportunities.”
C3.ai defines its work in the healthcare sector as helping “taxpayers, providers and providers to analyze massive amounts of clinical data, claims, pharmaceutical trials, EMRs and sensors to clarify and optimize decisions on how best to address patients and reduce the overall cost of care ”.
It provides a set of products to help design, build, and deploy enterprise-wide AI applications aimed at addressing specific use cases for health.
Javid has also given up his advisory role with JP Morgan, which saw him pay £ 150,000 to provide guidance on “the global economy, major industries and geopolitics”.
It was again expected to provide between 80 and 96 hours (10-12 days) of work. Combined with his C3.ai role, Javid earned £ 301,835 a year for 20-24 working days.
He was required to declare the functions of the Ministerial Code, which sets out the process by which ministers should declare and manage possible conflicts of interest.
Javid was named health secretary the weekend after Matt Hancock resigned over an affair with his assistant.
Speaking over the weekend, Javid said the new position has a “huge responsibility” and that his “immediate priority” was to end the Covid-19 pandemic.
Javid’s appointment comes at a time when the use of data and technology in the NHS is at a crucial time.
Digital Health News has put together a list of digital programs and key data that will be in the inbox of the new health secretary. You can read more here.