Alcidion (ASX:$ALC) secure $2.35m contract with Western Health

Company Name: Alcidion

Announcement Date: 06/04/2017
Announcement Category:
Announcement Content:

Highlights:

• $2.35m contract for Footscray, Williamstown & Sunshine Hospitals.
• Initial Term of three years, with an option to extend for an additional two years.
• Apple iPad’s view Electronic Patient Records and highlight emerging clinical risk.
• Optimises Patient Flow, Bed Management across the hospital group.

Adelaide, South Australia, 6th April 2016 - As announced on 1 August 2016, Western Health and Alcidion Group Limited (ASX:ALC) reached a Memorandum of Understanding (MoU) to utilise the company’s technology across their public hospital facilities in the western suburbs of Melbourne: the Footscray, Sunshine and Williamstown Hospitals and the Sunbury day facility. Alcidion is delighted to announce that the MoU has now proceeded into a contract, under the same material terms as described in the MoU.

The Miya platform provides all the necessary data to best manage patient care, from the reception of the patient (Emergency Department or elective admissions) through the hospital wards and specialist clinical areas, through to discharge. Clinicians can access individual patient information on mobile devices at the point of care, on computer work stations distributed across the hospitals, and on large format digital displays in shared work areas. Multiple Apple iPads are deployed in every ward and clinical service area thus saving clinicians and care team members valuable time in their patient care interactions.

This data access includes clinical information such as pathology and radiology results as well as access to clinical documentation. Furthermore, the platform identifies emerging clinical risk and highlights “at risk” patients to the clinicians.

In the Emergency Department, clinical staff can quickly identify those patients nearing the National Emergency Access Target (NEAT) and plan care accordingly.
The patient flow component of Alcidion’s solution provides an overview of capacity and demand at both the ward and unit level, providing real time information about open and available beds, patients coming in (together with the admission source) and potential and confirmed ward discharges.

CEO of Alcidion Group Limited, Mr Ray Blight commented, “We are very pleased to have Western Health extend their relationship with Alcidion. Western Health should be commended on their commitment to excellence in innovation and Alcidion is privileged to be work closely on these ground-breaking initiatives”.
“Efficiency improvements are by far the most significant driver for investments in patient flow solutions. More specifically, healthcare organisations are focused on improving bed turnaround times and reducing patient wait times. We are delighted to be working with Alcidion in this cutting-edge Patient Flow Solution”, Executive Director of Operations, Western Health, Russell Harrison said in a statement.

The contract is for an initial three-year term at $1.45m, with Western Health holding the option to extend the agreement for $450,000 per annum for the following two consecutive years.

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For further information, please contact:

Nathan Buzza, Executive Director
Ph: +61 (0) 488862222
Alcidion Group Limited
[email protected]
Ray Blight, Chief Executive Officer
Ph: +61 (08) 8208 4600
Alcidion Group Limited
[email protected]

About Alcidion
Alcidion Group Limited (ASX:ALC) is a publically listed, innovative health informatics company that specializes in clinical products that improve productivity, safety and efficiency. Alcidion’s solutions target key problems for Emergency Rooms, Inpatient Services and Outpatient Departments and are built upon a next generation health informatics platform, which incorporates an intelligent EMR, Clinical Decision Support Engine, Data Integration Capability, Smartforms, Terminology Support and Standards Based Web Services.

Alcidion’s focus is on delivering solutions that enable high performance healthcare and which assist clinicians by minimising key clinical risks, tracking patient progress through journeys and improving quality and safety of patient care.
About Western Health
Western Health manages three acute public hospitals: Western Hospital at Footscray; Sunshine Hospital at St Albans; and the Williamstown Hospital. It also operates the Sunbury Day Hospital, and a Transition Care Program at Hazeldean in Williamstown. A wide range of community based services are also managed by Western Health, along with a large Drug and Alcohol Service.

Western Health provides a comprehensive, integrated range of services from its various sites; ranging from acute tertiary services in areas of emergency medicine, intensive care, medical and surgical services, through to subacute care and specialist ambulatory clinics. Western Health provides a combination of hospital and community-based services to aged, adult and paediatric patients and newborn babies.

Employing nearly 6500 staff Western Health has a strong philosophy of working with its local community to deliver excellence in patient care.

www.alcidion.com

© Alcidion Group Limited 2017. Alcidion and Miya are registered trademarks. All other brands and product names and trademarks are the registered property of their respective companies.


Announcement URL: http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=ALC&timeframe=D&period=M6
About Alcidion:

Alcidion provides intelligent Health Informatics technology that empowers healthcare professionals with Clinical Decision Support Systems to ensure the highest quality of care for their patients.

Go to Company Profile for: Alcidion

Announcement Contact: [email protected]

Nathan Buzza

Having founded Clinical Middleware provider CommtechWireless in 1992, Nathan grew this business into a successful multinational with offices in Perth, Sydney, Jacksonville, Hong Kong, Shenzhen, Vejle & London deploying the technology across 8000 locations worldwide. With 25 years’ experience in software, electronics and medical technology, Nathan is recognised as a technology pioneer in the evolution and implementation of specialised medical technology. In 2008 Nathan negotiated the trade sale of CommtechWireless to Amcom Software and continued as GM for 18 months post acquisition. Prior to the acquisition, Buzza was the principal shareholder, CEO and Chief Technologist of the company and was responsible for strategic planning, technology development and administration of the company’s affairs. In 2010, Amcom Software was acquired by USA Mobility (now Spok) for $163.8m. The business was listed by BRW as one of the fastest growing privately held companies in Australia for three consecutive years and the recipient of numerous accolades including: The Telstra Small Business of the Year Award, The Department of Industry & Resources “CY O’Conner Award for Excellence in Engineering” as well as the ATUG “Best Communication Solution”. In 2006, Nathan’s accomplishments were recognised by Ernst & Young, where Nathan was awarded the “Entrepreneur of the Year” as well as the WA IT & Telecommunications Life Time achievement Award for contribution to the IT community. Nathan judged the Innovator of the Year Awards and the Curtin and Cambridge Universities Ignite Programmes in 2010. Prior to Alcidion, Nathan’s Private Equity firms were the second largest shareholder of Azure Healthcare (ASX:AZV) and during Nathan’s tenure, the company share price increased 1200%. Nathan is a member of the NiQ Healthcare Advisory Board and a General Partner in Private Equity Firm, Future Health. Nathan studied a Bachelor of Commerce at Curtin University, majoring in IT.

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