Sydney, Oct 2, 2008 AEST (ABN Newswire) - iSOFT, an IBA Health Group Limited (ASX:IBA)(PINK:IBATF) today announced that the Macquarie University Private Hospital is set to become its first customer in the southern hemisphere for LORENZO Acute Care under a deal worth up to $7.6 million for a range of advanced healthcare IT applications at the new state-of-the-art hospital opening in the latter half of 2009.
Macquarie University Private Hospital will install iSOFT's innovative suite of clinical, administrative and financial applications delivering healthcare information to clinicians based in the hospital and in multi disciplinary clinic environments. The contract includes support and maintenance for six years with an option to extend for another three years. The hospital is taking LORENZO Acute Care for advanced clinical functionality to provide a full electronic medical record. The fully integrated solution for all administrative, clinical and management functions will also link to new systems for radiology and pathology.
The LORENZO Acute Care platform is based on a Service-Oriented Architecture (SOA) which is a relatively recent approach to designing software solutions that are inherently standards based whilst delivering the interoperability necessary to connect people and processes across the hospital and multi disciplinary care settings. For hospital and clinic patients continuity of care will be assured at all points of need, whether in the hospital or clinic settings, or in ordinary living environments.
SOA based solutions are already widely used in many industry and commercial settings where the benefits of interoperability and support for process re-engineering have been proven. Now LORENZO represents the first substantial opportunity for the use of SOA in the healthcare market place.
Macquarie University Private Hospital will also be the first hospital in Australia to implement iSOFT Financials, an integrated suite of web-enabled financial and purchasing solutions.
The Macquarie University Private Hospital at North Ryde, Sydney is an $140 million joint venture development between Macquarie University and Dalcross Private Hospital and will provide 180 beds initially, increasing to 230 within two years, an advanced postgraduate medical school and specialists rooms. Sited on the university research park, the hospital will not only provide the highest quality of care, but also cutting-edge post graduate medical training and research.
iSOFT's solutions are fundamental in the drive to create one of the world's foremost technology-led hospitals. Information technology will be the key enabler across the hospital and university campus designed to set new standards in care, education and research.
Carl Adams, CEO of Dalcross Private Hospital, said: "The investment in iSOFT's solutions allows Dalcross to manage the new Macquarie facility with a confidence that the essential administrative and clinical requirements can be achieved immediately while simultaneously ensuring a pathway to the next generation of health information systems. As an early adopter of LORENZO Acute Care, we aim to play an active role in the development program and, with other users, help shape the future of healthcare IT systems."
Gary Cohen, IBA's Executive Chairman and CEO, said: "This contract marks a key milestone for the company giving us reference-ability and a foundation to drive sales of LORENZO Acute Care in the region. With LORENZO, everyone has the opportunity to play an active role in the delivery of care. It breaks down barriers to critical clinical information helping healthcare professionals to make faster, informed decisions. There is a revolution in healthcare in which LORENZO will have a central role."
About Macquarie University Hospital
The new hospital will comprise 230 beds, twelve operating theatres, endoscopy, two cardiac and vascular angiography suites, extensive radiology and pathology facilities, radiotherapy and radiosurgery, and specialist consulting suites on campus. It will specialise in neurosurgery, ear nose and throat, cardiology, vascular surgery, ophthalmology, orthopaedics, general surgery, neurology, gastroenterology, and oncology services.
Dalcross has established an enviable reputation as one of Australia's foremost niche, independent private hospitals. Its referral base is international, especially for cerebrovascular and spinal surgery. The Macquarie University hospital will include an expanded surgical hospital to be relocated from Killara and a five-storey research, development and specialist clinic facility.
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
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