To-date Latin American imaging specialist has inked its largest ever deal, with its proprietary imaging and communications system which will modernize Colombian healthcare group Colsubsidio’s radiology facilities. Depending on usage estimated to be worth between $2.087 million and $2.825 million over the complete term, with Colsubsidio it had signed a five-year contract as announced by the imaging information technology provider.
According to ImExHS contracted revenue is to be around $14.5 million, this recurring revenue deal represents a minimum growth in future. Colsubsidio provides healthcare and other benefits to Colombian workers and is a large family compensation fund and still operates using analogue film as it is one of the largest multi-site radiology facilities in the country. Part of the fund’s initiative to modernize its systems is reaching this deal with ImExHS.
Leading to increased productivity while reducing costs and mistakes which is expected to provide the group with a more efficient working environment, ImExHS will integrate the diagnostic imaging network across all of Colsubsidio’s sites under the contract.
Eduardo Gonzalez, Colsubsidio’s chief of the administrative division said, to unify their platform of diagnostic imaging is Colsubsidio’s strategy throughout all their hospitals to offer a comparatively better service to their patients. Dr. German Arango ImExHS chief executive said, ‘The software will provide the opportunity to increase patient throughput to Colsubsidio while bringing a high-quality service to all stages of the radiological diagnostic process improving patient outcomes.’
The operating system which is comprised of an integrated Radiology Imaging System and Picture Archiving and Communications System to be implemented for Colsubsidio will include ImExHS’ Hiruko solution.
Speech recognition, a patient portal, film printers, CD burners, EMR integration, a diagnostic workstation, CRs systems, technician computers will also be incorporated by Colsubsidio’s system as well as the inclusion of an engineer on site.
To support around 600 users, ImExHS stated it is expected by the system. ImExHS shares were up by around 35% to $0.042 but later fell to $0.040, by afternoon trade. The stock has seen a performance change of 164.71% over the past 12 months.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.