Sydney, Aug 2, 2007 AEST (ABN Newswire) - IBA Health Limited (ASX: IBA) - Australia's largest listed eHealth company, today announced that it has secured a key position in the growing Asian clinic, diagnostic and imaging market as a result of reaching an agreement with Singapore based AsiaMedic and Malaysia based Kg Baru Medical Centre (KBMC) to implement IBA's innovative suite of administrative, clinical and electronic health record applications.
IBA will deliver to AsiaMedic a world class internet enabled healthcare infrastructure and application platform that supports the seemless delivery of point of care diagnostics testing in a multi practice, multidisciplinary environment.
Growth in point of care diagnostic testing in a clinic environment has been made possible through advances in technology, automation and information processing with AsiaMedic being one of the leading multi clinic adopters in the Asian region.
Point of care clinic based diagnostic testing allows clinicians to diagnose patients more rapidly, often within minutes. The most important advantage a patient can have to survive a life threatening disease is early detection. A faster diagnosis enables a quicker start to appropriate therapy, offering the potential to improve clinical outcomes, while reducing costs.
KBMC a 60 bed multi speciality centre located in Kuala Lumpur, provides a comprehensive range of integrated healthcare services, encompassing specialist medical care, general practice medicine, gastroenterology, rheumatology, paediatric care, ENT, orthopaedic and sports injury treatment together with diagnostics services such as pathology and medical imaging.
KBMC also has visiting specialists for Dermatology, Plastic Surgery and Cardiology. Its integrated network of healthcare services allows patients to be treated in a multi-disciplinary manner within the one healthcare centre.
IBA will deliver to KBMC a solution that supports the administrative and financial needs of KBMC and the seemless delivery of patient care including diagnostics testing in a multi practice, multi-disciplinary environment. Implementation will start in August and is expected to be completed by October.
With hundreds of thousands of hospitals, clinics and community centres and a population of nearly three billion in China, South Asia and ASEAN, IBA's enterprise wide clinic solutions are entering a significant and largely untapped market, even a minimal level of market penetration is expected to generate a significant volume of business.
Steve Garrington, CEO of IBA Health, said, "The agreements with AsiaMedic and KBMC together with our existing hospital, community doctor and community care business in Asia further consolidates the critical mass that will allow IBA to access greater economies of scale as we deliver a broader range of innovative, internet-enabled applications to an expanding and profitable sector of the Asian market."
Contact
Steve Garrington
CEO
IBA Health Limited
Phone +61 2 8251 6700
Email: steve.garrington@ibahealth.com
Media
Greg King
Communications and Business Development Director
IBA Health Limited
Phone: +61 413 621 111
Email: greg.king@ibahealth.com
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