Sydney, Dec 19, 2007 (ABN Newswire) - IBA Health Group Limited (ASX: IBA) - Australia's largest listed specialist information technology company, today announced an agreement with one of Australia's leading private hospital providers, Healthscope Limited.
In a deal worth over $14 million over 7.5 years, IBA will provide Healthsope's 45 medical and surgical hospitals with a company wide licence for IBA's hospital information solutions and an ongoing support and services facility.
Additional services will be provided over the life of the agreement for development, implementation and deployment services. The agreement also provides the framework for licensing and implementation of additional IBA products as Healthscope continues the vertical integration of its hospital, pathology, clinic and primary care business.
Healthscope is Australia's only national private hospital operator with a quality portfolio of hospitals and clinics in every State and Territory throughout Australia, delivering medical/surgical, rehabilitation and psychiatric services and an expanding position in Malaysia, Singapore and New Zealand.
The corporate licence agreement follows Healthsope's recent acquisitions, internal growth and impressive results as it integrates its hospital, pathology and primary care businesses. The agreement will provide Healthscope with the ability to standardise its core patient and clinical management systems using IBA's health information technology, thus reducing the cost of managing multiple business systems in individual hospitals and clinics and further reducing the overhead of delivering health information to health professionals operating in a national network of hospitals and clinics.
In a move that will accelerate electronic claiming in Australia, Healthscope and IBA will collaborate to develop and deploy electronic billing to Medicare Australia and point-of-care claiming to the health insurance funds across Healthsope's national network of hospitals and clinics.
Steve Garrington, CEO (AsiaPac MEA) for IBA said, "This agreement ratifies our work with Healthscope as being more than just a provider of IT services. The agreement paves the way for Healthscope and IBA to further explore opportunities to optimise cost and revenue synergies throughout Healthsope's integrated delivery network by leveraging the portfolio of IBA's patient-centric administrative, clinical and electronic claiming technology."
About IBA HEALTH LIMITED
IBA Health Group Limited (ASX: IBA) is the largest specialist information technology company listed on the Australian Securities Exchange.
IBA builds software applications for healthcare. We work with healthcare professionals to design and build solutions that answer all of the difficult questions posed by today's care delivery challenges. Our solutions act as a catalyst for change, supporting the free exchange of critical information across diverse care settings and participant organisations. We are the leader in the provision of advanced application solutions in modern healthcare economies around the world
Today, over 13,000 provider organisations in 35 countries across five continents use IBA's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of our market and anticipation of evolving requirements. Our business is driven by the collective talent, experience and commitment of over 3,500 healthcare IT experts around the globe.
A global network of IBA subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result we offer our customers comprehensive knowledge of local market requirements, in terms of culture, language, working practice, healthcare regulation and organisational structure.
For more information on IBA Health, please visit the Company's website at www.ibahealth.com
Contact
Gary Cohen Executive Chairman & CEO IBA Health Group Limited Phone: +61 2 8251 6700 Email: gary.cohen@ibahealth.com
Media Greg King Group Communications & Marketing Director IBA Health Group Limited Phone: +61 413 621 111 Email: greg.king@ibahealth.com