iSOFT to offer Global Support for Picis Solutions
February 6, 2010
With intents to strengthen its position in the global acute care arena, Picis has signed a strategic partnership with iSOFT, through which the latter will offer implementation, distribution and global support for selected solutions of Picis CareSuite® family of high-acuity solutions across several international markets.
Delivering information solutions to support the financial, clinical, and operational workflows, Wakefield, Massachusetts-based Picis directs its offerings to hospitals’ acute care sectors, such as the operating and recovery rooms, intensive care units, and the emergency departments. Through its CareSuite® family of solutions, the vendor has helped automate life-critical sections of the hospital; licensing systems for above 1,700 hospitals, across 19 countries.
Basing the contract on the complementary product portfolios of both the vendors, the collaboration of the product suites is expected to create a comprehensive solution. The benefits of the integrated healthcare IT offering is said to be already experienced at two of England’s National Healthcare Service (NHS) trusts, Torbay Hospital and Frimley Park Hospital.
The endeavor, which will facilitate hospitals with a common source of end-to-end health IT software, is slated to initially concentrate on delivering anesthesia and ICU solutions across United Kingdom, Australia, New Zealand, Scandinavia, and Ireland.
Responding tothe company’s expansion plans, Picis Co-founder and Executive Vice President of International Operations, Liz Popovich says that the partnership with iSOFT, one of the largest healthcare IT vendors, with market presence across several countries, would provide Picis with new opportunities in the healthcare industry. She also believes that with iSOFT’s market strength complementing Picis’ core capabilities, the acute care IT provider will be able to realize significant growth in these markets.
iSOFT has a clientele of more than 13,000 healthcare providers distributed across more than 40 countries. iSOFT’s presence in UK, where it has its headquarters, has been significantly established through procurement reforms and contracts inked with about 60% of all NHS trusts. The company holds above 40% combined market share in UK and Ireland, with joint revenue amounting to $305.3 million for the entire year 2009. The vendor’s health IT products support more than 40 hospitals in New Zealand, its applications being employed in 18 of the country’s 21 district boards. In Australia, iSOFT products have been employed at over 550 hospitals, including state health departments, and area health services, such as Sydney West Area Health Service (SWAHS) and Hunter New England (consisting of 17 hospitals).
Across the German market, the vendor has installed more than 1,000 hospital and medical information systems, and reported a double digit growth in 2009 full year revenues through new contracts. With intents to leverage iSOFT’s market presence in Germany, Massachusetts-based iMDsoft®, a clinical information systems (CIS) vendor, entered into a distribution agreement with iSOFT Health, a subsidiary of iSOFT Group, to distribute iMDsoft’s MetaVision® Suite, initially across the country.
With the current Picis contract and the iMDsoft deal focusing on the critical care market, iSOFT’s strategic move in a span of one month will offer the opportunity for hospitals across these six countries to leverage acute care solutions from two of the industry’s leading vendors.
The company’s geographic reach also extends to Europe, South East Asia, Africa, China, Middle East, and India. iSOFT, a subsidiary of IBA Health Group Limited, the largest health IT vendor listed on the Australian Securities Exchange, which is now known by the name iSOFT Group Limited, designs, creates and distributes health IT applications and platforms for clinical, connectivity, and administrative needs of healthcare facilities. For the fiscal year 2009, the company reported a 50% increase in revenues to $540.1 million.
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