Alcidion Group (ASX:ALC): Presentation, CEO Sessions Sydney

Company Presentations

by Carolyn Herbert

The third largest killer of patients in the United States last year was from preventable errors in hospitals. Alcidion takes all of the disparate clinical information systems in a hospital and consolidates all that, risk rates that data and presents it to clinicians on a mobile device and then recommends doctors the best course of action from that point forward.

So at the moment, the Alcidion platform is at paid bed deployment across Western Health. This is Sunshine, Footscray and Williamstown in Melbourne. It’s deployed across Tasmania and also deployed across the Northern Territory. At present, the Alcidion product route is pretty broad and different products, within that suite are at various stages of that commercialisation.

At the moment we have 11 paid ED deployments at large tertiary hospitals. So at Royal Melbourne’s Emergency Department, probably one of the busiest Emergency Departments, the platform is being used continuously. We’d really like to get from those 11 paid bed deployments, up to 20 paid commercial sites that transition us to be cash flow positive.  

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.