• Signed 3 new contracts in Australia, UK and Canada for autonomous coding product
• Combined annual value of ~$0.6m
• Autonomous coding reduces hospital costs, improves revenue accuracy and ensures fair reimbursement

Beamtree Holdings Limited (ASX: BMT), a leading provider of AI decision support and data insights solutions for the healthcare sector, has announced the signing of three new contracts across Australia, UK and Canada for the implementation of its new autonomous coding product. The combined annual value of these contract wins is approximately $0.6m. These contract wins provide evidence of the conversion of Beamtree's sales pipeline outlined in its first half reporting. Each contract is subject to the usual rights of termination for non-performance. Beamtree's new autonomous coding software reduces hospital costs, improves revenue accuracy, and ensures fair reimbursement by automating the clinical coding process. Errors in data coding are estimated to impact hospital reimbursements by $20bn globally. These first wave contract wins mark an important strategic achievement for Beamtree, a world leader in clinical record coding technology, by demonstrating the demand for this breakthrough AI technology in three of its key geographical markets. The Company continues to develop its growing sales pipeline for autonomous coding and these contract wins provide a springboard and reference site for future sales.

Autonomous coding will be a material driver of Beamtree's future growth, and these contract wins provide a foundation for this pioneering product.