Alcidion enters collaboration agreement with Cavalry

Company News

by David Chau

Alcidion Group (ASX:ALC) has entered into a collaboration agreement with Cavalry Health Care.

The health informatics company signed a deal to assist Cavalry with streamlining clinical coding and patient data across their facilities.

Alcidion will also provide analytical services to Cavalry to scope opportunities for improved clinical coding – which will enable Cavalry to consolidate data from various clinical and non-clinical IT systems.

Cavalry, which operates public and private hospitals, retirement and aged care facilities across the nation, says this deal is part of its innovation strategy and is overall digital transformation.

Yesterday, shares in Alcidion closed 16.92% higher at 8 cents.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.