PKS signs additional renewal agreement with Healthscope
- PKS’ wholly owned subsidiary Pavilion Health signs renewal agreement with Healthscope to continue the use of SaaS application, PICQ®
- Renewal agreement continues Healthscope’s use of PICQ® to measure the accuracy and consistency of the classification of patient-level health data for nearly 700,000 admissions across their 43 hospitals
- This agreement follows the recently announced renewal for the company’s RISQTM product
Pacific Knowledge Systems Limited (ASX: PKS) (“PKS” or the “Company”) is pleased to announce that its wholly owned subsidiary Pavilion Health has signed a significant strategic Software License renewal agreement for its PICQ® product with Healthscope. The value of the contract is between $140,000 and $160,000 per annum.
This agreement continues Healthscope’s use of Pavilion Health’s PICQ® (Performance Indicators of Coding Quality) product which measures the accuracy and consistency of the classification of patient-level health data.
Healthscope recently signed a significant renewal agreement for Pavilion Health’s RISQTM (Relative Indicators of Safety and Quality) product, which tracks and measures the performance of clinical quality and safety for nearly 700,000 admissions across their 43 hospitals, enabling efficient and effective clinical improvements and increasing transparency and accountability.
PICQ® and RISQTM are both SaaS applications, used to measure the integrity of clinically classified health data to better enable Healthscope to track and improve the quality of patient care to provide better health outcomes, and to more efficiently access funding entitlements that accurately represent the clinical activity conducted in their hospitals.
Jenny Patton, Chief Commercial Officer at Healthscope said “The importance of data quality, especially in these times, is key to our goal of providing outstanding patient care. PICQ® is part of our essential range of tools that we’ve relied on for several years, to help ensure the accuracy and timeliness of our patient data and help us deliver better patient outcomes.”
PKS’ Managing Director Ron van der Pluijm said, “Healthscope is a leading private healthcare provider with 43 private hospitals in Australia and pathology operations in New Zealand. PKS is pleased to work closely with a blue-chip customer like Healthscope in both its hospital as well as pathology operations. Improving the quality of data in healthcare is essential in order to improve patient outcomes as well as receive income and the renewal of PICQ® will assist Healthscope greatly in this process.”
For further information please contact:
Jane Morgan Management
Investor and Media Relations
+61 405 555 618