Alcidion Secure $2.35m Contract with Western Health

Western Health and Alcidion Group Limited (ASX:ALC) as announced on the 1^st of August 2016, 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.

KEY TAKEAWAYS:

• $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.

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.

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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