$4m contract win to deliver PICQ for the Republic of Ireland

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Stock Beamtree Holdings Ltd (BMT.ASX)
Release Time 21 Mar 2025, 9:26 a.m.
Price Sensitive Yes
 $4m contract win to deliver PICQ for the Republic of Ireland
Key Points
  • Beamtree renews 5-year contract with Healthcare Pricing Office in Ireland
  • Contract worth €2.3m (AU$3.95m) to deliver Beamtree's PICQ software
  • PICQ is Beamtree's market-leading data quality and clinical coding tool
Full Summary

Beamtree Holdings Limited (ASX: BMT), a leading provider of AI decision support and data insights solutions, has announced that its partnership with the Healthcare Pricing Office (HPO) in the Republic of Ireland has been renewed for another five years. Beamtree has again been awarded the EU-wide tender to deliver PICQ® as the national data quality tool for public hospitals in Ireland. Beamtree's market-leading PICQ® software has been utilised by clinical coders in Ireland since 2018, and this new contract is worth €2.3m (AU$3.95m) over five years. Beamtree is a recognised global leader in audit and automation of clinical record classification, and its SaaS-based PICQ® product automates the audit of classification and supports clinical record coders to improve the quality of coding data. PICQ® is widely used in countries including Australia, New Zealand, Kingdom of Saudi Arabia, and Canada, and is under development for the UK. Beamtree's CEO, Marek Stepniak, expressed pride in the recognition of the value of PICQ® from one of Beamtree's longstanding national customers, and the company is privileged to continue supporting the HPO in delivering coding excellence for the Republic of Ireland.

Guidance

Beamtree has been awarded a €2.3m (AU$3.95m) contract over 5 years to deliver its PICQ® software as the national data quality tool for public hospitals in the Republic of Ireland.