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.  

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.