ASX-listed software provider, TechnologyOne (ASX:TNE), has added a 26th healthcare organisation to its list of clients following a deal secured with private hospital group, Epworth Healthcare, for an undisclosed sum.
Victoria’s largest not-for-profit private group will implement accounting, supply chain, business intelligence, enterprise resource management (ERP) and customer relationship management (CRM) software from TechnologyOne across its systems, with a scheduled completion date of July 2011.
A spokesperson for TechnologyOne was unable to disclose the value of the deal, but the company’s healthcare clients are currently worth just over $3 million in revenue annually.
Epworth’s partnership with TechnologyOne also comes as the industry faces the introduction of the Federal Government’s health reforms.
According to executive chairman, Adrian Di Marco, TechnologyOne takes into account the specific challenges facing its seven key vertical markets when developing software.
“The health sector is a key vertical market for TechnologyOne,” Di Marco said in a statement. “If the healthcare industry is facing major structural reforms initiated through the National Health and Hospitals Network and personally controlled electronic health record through e-Health initiatives, our commitment is to develop functionality that not only addresses this, but also creates an automated process to ease the burden.”
The contract follows the opening of TechnologyOne’s $12 million research and development facility in Brisbane, consolidating three offices and 350 staff into a single centre. The new site will also house development of the software company’s $150 million “Next Gen” project, believed to be a successor to its latest business intelligence suite, Connected Intelligence, which cost $1.8 million during the 2009 financial year.
According to Epworth HealthCare’s group chief executive, Alan Kinkade, the R&D aspect played a large factor in selecting TechnologyOne as provider, particularly in areas of supply chain and prosthesis management.
The company has continued moves into the European market of late, scoring key transport contracts in Scotland at the beginning of the year. The company has signalled it will continue expansion into the UK despite initial setbacks.