TIDMINHC
RNS Number : 7457F
Induction Healthcare Group PLC
20 July 2021
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Induction Healthcare Group PLC
("Induction", the "Company", or the "Group")
Major contract renewed with increased scope
Contract covering NHS Wales healthcare system renewed for 2022
with additional scope to include front line support services
Induction (AIM: INHC), a leading virtual care platform driving
digital transformation of healthcare systems worldwide, announces
that NHS Wales has renewed its existing contract with Attend
Anywhere with an update and expansion of its current scope. This is
the first major contract win for Induction since its acquisition of
Attend Anywhere in June - the transaction having enhanced
Induction's suite of technology products that provide flexible care
options for patients and healthcare professionals.
The contract is worth GBP1.635m and will result in GBP1.22m of
revenues being recognised in the year ending 31 March 2022, with
the balance falling into the following financial year, representing
significant commercial momentum for Induction. Attend Anywhere and
Induction products are now used widely across NHS Wales,
reinforcing the key strategic value of bringing together these two
businesses to offer healthcare systems an all-encompassing virtual
care platform with greater UK based support.
The COVID-19 pandemic, with the need to radically reduce
footfall in hospitals, was a 'super-catalyst' to an
already-underway shift toward virtual care, and digital platforms
have all grown by a large margin. Providers and patients, who both
expect greater flexibility in all aspects of their life, are
demanding greater flexibility in the way they deliver and receive
care.
Induction Joint CEO James Balmain, said : "Our union brings
together two teams with a common ethos and complementary products
and services. We are excited by the impact that Attend Anywhere had
working with NHS Wales and look forward to giving staff and
patients in Wales increasingly flexible options for delivering and
receiving care in the year ahead - even after local restrictions
have been lifted."
-ENDS-
ENQUIRIES
Induction Via Walbrook PR Ltd: induction@walbrookpr.com
Dr Hugo Stephenson, Joint Chief Executive
Officer
James Balmain, Joint Chief Executive
Officer
Singer Capital Markets (Nominated Adviser
and Broker) +44 (0) 20 7496 3000
Philip Davies / Kailey Aliyar
Walbrook PR Ltd +44 (0)20 7933 8780
Paul McManus / Alice Woodings
About Induction - www.inductionhealthcare.com
Induction (AIM: INHC) is a leading virtual care platform driving
digital transformation of healthcare systems worldwide. Induction
solutions enhance the investments hospitals have made and lay the
foundation for their future. Our products can enable information
sharing between busy doctors, alleviate operational burdens on
hospitals or put patients in better control of their care, all
while ensuring the highest standards of clinical safety and
information security. We unchain staff and patients from the
limitations of paper-based and desktop systems, creating
substantial time and cost efficiencies.
More than 225,000 hospital doctors across multiple territories,
including the UK, Ireland, Australia and South Africa, as well as a
rapidly growing number of more than 280,000 UK patients, choose
Induction solutions.
Induction Switch is the number one healthcare collaboration app
in the UK, used by the majority of hospital doctors within the NHS.
The app helps to increase productivity and enhance communication by
securely sharing phone numbers and bleeps, bookmarks, documents and
messages in a clinical setting.
Induction Guidance provides medical organisations, including
most hospital trusts within the NHS, with the ability to
collaboratively create, edit, and publish their own local medical
guidelines in a secure and locally administrated environment. This
increases knowledge of, and adherence to, guidance.
Induction Zesty is a market-leading digital platform for
patients visiting hospitals. The platform allows patients to book
and access their appointments, read their clinical letters, store a
copy of their clinical record and provide data to their care teams
remotely. It is not just a compelling patient experience, but also
delivers significant cost benefits to hospitals.
Induction HealthStream is a proprietary data integration
platform that reads and writes patient demographic, appointment and
clinical record data between a growing number of hospital EHR
systems and the Induction platforms. This connectivity between
stakeholders and legacy IT systems adds substantial value to
pre-existing health IT investment and allows large-scale adoption
of Induction app-based services.
Induction Attend Anywhere - www.attendanywhere.com
Attend Anywhere the UK market leader in secondary care video
consultations, helps hospitals, health systems and other customers
offer video consultations to patients and service users as a normal
part of day-to-day operations, making it simple, safe and secure to
say "yes you can attend your appointment via video". Since 1998,
Attend Anywhere has collaborated with clinicians and patients,
medical colleges, universities, healthcare providers, governments,
NGAs, and others to bring the benefits of mainstream video call
access to health and care systems, with some Attend Anywhere
programs now entering their 21st year.
Our vision is for video consultations to improve lives and help
address social, access, equity and sustainability challenges by
allowing healthcare providers to determine how and when they see a
patient based on each individual case; in-person, via video or on
the telephone. With the addition of Attend Anywhere, our promise of
flexible care is truly in motion.
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