Australian Healthcare Software provider Global Health Limited (ASX: GLH) (“Global Health” or “Company”) is pleased to announce the signing of Ballarat Community Health, with a committed services and licensing revenue of $370,000 for the first year.
• Implementation of MasterCare EMR (Electronic Medical Record), MasterCare+, ReferralNet Secure Message Delivery and Dashboards-as-a-Service
• Combined $370,000 in revenue over the initial year of contract
• Over 200 new users on the MasterCare platform.
In commenting on this further regional development in Ballarat, Managing Director of Global Health, Mathew Cherian said:
“The ability of Global Health’s software solutions to meet the reporting requirements of State and Federal Government funded programs is proving to be the key factor in our growing adoption across Victorian Community Health. The solution stands out for its complete suite of clinical and client management modules that give clinicians access to market-leading tools at the point-of-care while reducing their administrative overheads.”
This contract will see Ballarat Community Health use Global Health’s MasterCare Platform to meet key reporting requirements for the NDIS, HACC, CHSP, VADC and now VINAH programs.
Growing adoption across the Victorian Community Health Network
Ballarat Community Health are the newest name to join Global Health’s growing Victorian Community Health Network in the 2020 financial year.
This further extends Global Health’s run of successes in this sector, with Bellarine Community Health, Sunraysia Community Health, Bass Coast Health, Monash Health and Windana Drug and Alcohol Recovery already on the list of recent organisations to implement the MasterCare solution within the last 24 months.
“It’s been exciting to see this Regional sector growth”, said Kye Cherian, General Manager of MasterCare.
“Our rapid growth in recent months has really confirmed our position as Victoria’s premier solution in the Community Health Sector.”
“We are continuing to invest in the platform to ensure that our current and future clients have access to a comprehensive solution that is future-proof in an ever-changing community health landscape.”
Global Health currently offer a range of services under the MasterCare name, providing assistance at the Community Health, Allied Health, Mental Health and Hospice care levels.
The growing market for electronic healthcare software across Victoria
Global Health forecast the market for Victorian Community Health to grow rapidly over the following decade, with Federal and State Governments pushing for a shift from paper-based reporting processes to electronic forms of patient management.
In 2020, eight of the main Government funding programs which Global Health support, totalled approximately $37.6 billion annually, whilst the five programs adopted by community health organisations such as Ballarat accounted for approximately $30.5 billion of this funding.
The ability for the MasterCare solution to cater to a range of State and Federal Government programs across Australia outlines what we believe to be a competitive advantage heading into FY2021.
There are limited applications that support the number of programs covered by the MasterCare solution. National programs such as PMHC, National AOD and NOCC are amongst the list of programs already supported by MasterCare for Global Health’s existing clients in Western Australia, Queensland, ACT and New South Wales.
View the ASX announcement here.