ALC secures contract with Hywel Dda University Health Board
Stock | Alcidion Group Ltd (ALC.ASX) |
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Release Time | 11 Feb 2025, 8:16 a.m. |
Price Sensitive | Yes |
Alcidion secures contract with Hywel Dda University Health Board
- Alcidion to provide its Miya Precision Platform to Hywel Dda University Health Board in Wales
- Contract valued at $5.5M over 5 years, with option to extend to 7 years increasing to $7.7M
- Supports streamlined patient journeys, optimised clinical resource allocation, and insights into patient vital signs
Alcidion Group Limited has announced that it has secured a contract with Hywel Dda University Health Board in Wales for the provision of its Miya Precision Platform, inclusive of Miya Precision for Patient Flow, Observations and Assessments, and Smartpage for clinical communications and tasking. The Total Contract Value (TCV) is $5.5M (approximately £2.8M) over a term of five years, with an option to extend to seven years, increasing the TCV to $7.7M (approximately £3.9M). The agreement is structured as an annually recurring subscription licence. Hywel Dda University Health Board plans to deploy the Miya Precision platform to support a whole-of-system approach to managing patient information, aligning with goals outlined by the Welsh Government. This is anticipated to lead to improved population health and wellbeing, better quality and more accessible care services, higher value health and social care, and an improved experience for staff. This is the first contract for Alcidion with a Health Board in Wales and comes at an exciting time as Wales looks to increase digital maturity across the country. The cloud-hosted, web-based Miya Precision Patient Flow, Observations and Assessment, and Smartpage capabilities will support the Health Board's care delivery across various services, including real-time patient flow management and alerting users to deteriorating patients. Hywel Dda University Health Board provides primary, secondary, community, and dental health services to around 380,000 people in west Wales.
The Total Contract Value (TCV) is $5.5M (approx. £2.8M) over a term of five years, with an option to extend to seven years, increasing the TCV to $7.7M (approx. £3.9M).