ASX-listed e-health provider Medtech Global Limited (ASX:MDG) will provide software for an “important national health project” for New Zealand's Ministry of Health, in a deal potentially worth $NZD10 million ($AUD7.88 million).
The tender, the details of which have remained commercial-in-confidence, would see Medtech’s New Zealand subsidiary and New Zealand Post subsidiary, Datam, jointly provide software and services for a minimum seven years with a potential three year extension, providing annual revenue to the company of $NZD1 million ($AUD788,473 at time of writing). Datam will provide support, maintenance and development throughout the project.
The project would have “significant value for many New Zealanders” according to an ASX statement released by Medtech this week, though would not enter details as to what government project the software would facilitate.
The New Zealand Government’s e-health plan, released in April this year, aims to deliver electronic records for the nation’s population by 2014, with a core set of personal health information available to treatment providers.
The “shared care” approach to e-health will see patients in New Zealand deliver vital information including demographics, problem list, medications, alerts and access to lab results and medication history to providers on demand through the electronic records.
“New Zealand does not have the luxury of continuing with the fragmented, organisation-centric approach to health IT investments,” the plan reads. “The benefits on offer to the health system by utilising information more effectively must be captured by: enabling new models of care, improving patient safety, or, through other general productivity improvements. We must also develop the human capability to identify opportunities and achieve desired outcomes.”
The announcement of the software contract comes a day after Medtech announced an online system to provide medical records for 125,000 New Zealanders on the private international records system, MedicAlert. The Patient Vitals Electronic Health Record Service utilises the e-health provider’s existing online records portal to populate information from those wearing a MedicAlert emblem, in what it has described as a world first.