Beamtree Signs $1m Singapore Coding Audit Contract

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Stock Beamtree Holdings Ltd (BMT.ASX)
Release Time 28 Aug 2025, 8:34 a.m.
Price Sensitive Yes
 Beamtree Signs $1m Singapore Coding Audit Contract
Key Points
  • Beamtree awarded $1m contract with Singapore's Ministry of Health
  • Contract to provide comprehensive clinical coding and documentation audit across 20 hospitals
  • Project to leverage Beamtree's coding quality and benchmarking software, including PICQ and RISQ
Full Summary

Beamtree Holdings Limited (ASX: BMT), a leading provider of AI-enabled decision support and data insights solutions for the healthcare sector, has announced that the company has been awarded a $1 million contract with the Ministry of Health (MoH) of the Government of Singapore. The contract is to provide a comprehensive clinical coding and documentation audit across 20 public and private hospitals in Singapore. The project will commence immediately and is scheduled for completion in Q3 FY26. The award of the contract from a globally recognized leader in the healthcare sector is a recognition of the unique capabilities and strengths of Beamtree in the hospital clinical coding market. Beamtree will leverage its key coding quality and benchmarking software, including PICQ (Performance Indicators for Coding Quality) and RISQ (Relative Indicators for Safety and Quality), to support the delivery of the contract. These platforms will enable benchmarking, error categorization, and targeted education recommendations, drawing on Beamtree's extensive coding auditing and advisory experience in various countries. The contract includes standard terms and conditions for a clinical coding audit program, including the usual rights of termination for non-performance. The estimated working capital impact of the project at December 2025 is around $0.5 million, given that the project will be work in progress at that point pending milestone deliverables, which is when revenue will be payable.

Guidance

The contract is expected to contribute $1 million of revenue for the current financial year.