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1st Group Limited (ASX:1ST) is into digital health group, building the leading health services portal of Australia, MyHealth1st.com.auâ, Australiaâs online pet service portal âPetYeti.com.auâ and corporate and government solutions platform âGoBookings.comâ. These platforms provide assistance to easily use online search and appointment booking services and also offers a range of value-added apps and services that facilitate digital patient and customer engagement. The company helps in connecting several consumers to a variety of healthcare services and information anytime anywhere, providing easy access, so that the consumers get well sooner and stay well longer.
The company today, on 15 March 2019 announced that it has entered into a new agreement so that it can deploy the digital online patient engagement platform, MyHealth1st, as the online booking engine for Medibankâs new Members Choice Advantage online booking service under a monthly subscription contract which includes setup fees as well. As per the agreement, 2.8 million customers of Medibank will be able to use the MyHealth1st platform for online booking appointments with Medibankâs Membersâ Choice Advantage dental clinics.
The agreement has now been signed to launch the initial Phase, one pilot, after working with Medibank for several months. Medibank will actively market the online booking functionality powered by MyHealth1st to its Membersâ Choice Advantage dental network. Providers signing up to the program may have an upgradation option to the broader range of MyHealth1st products and services. If the pilot phase is completed successfully, the company will work with Medibank to scope and deploy the second phase.
In a competitive process, MyHealth1st was selected for its superior capabilities and strict privacy and security compliance, which have always driven the business model of the company, with the project expected to go live in March 2019.
The Managing Director and Co-Founder of the company, Klaus Bartosch, said that the company is delighted to strategically partner with Medibank in order to use its MyHealth1st platform. It will help them to power the Membersâ Choice Advantage online booking service enabling the customers of Medibank to easily book an appointment online throughout twenty-four hours across seven days. After a rigorous and competitive process, the company was selected, which demonstrates the superior technology capabilities and market leading data privacy protections of the company. Bartosch said that the company is looking forward to work with Medibankâs extensive membership base and healthcare providers to build awareness about the user-friendly functionality and value additions of the platform.
On the price-performance front, the stock of 1st Group Limited is currently trading at $0.054, up 92.857% during the daysâ trade with the market capitalisation of ~$7.32 million (AEST 2:55 PM). The stock has generated negative returns of 15.15%, 6.67% and 3.45% over the past six months, three months and one-month period respectively. It had a 52-week high price of $0.055 and a 52-week low price of $0.024, with an average trading volume of ~138,897.
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