- Beamtree (BMT) signs a key strategic partnership with Lean following the successful completion of the company’s first major contract in Saudi Arabia
- This new partnership will support the proposed implementation of PICQ and related data products in Saudi Arabia if selected by health authorities or hospitals
- According to the company, the partnership with Lean is expected to support Beamtree’s goal of achieving annual recurring revenue of $60 million by 2026
- Shares in Beamtree end the day 10.9 per cent in the red to close at 25.5 cents
Beamtree (BMT) has signed a key strategic partnership with Lean following the successful completion of the company’s first major contract in Saudi Arabia.
Lean is the country’s leading provider of innovative health solutions and contributes to digitalising the health ecosystem in Saudi Arabia.
Overall, the partnership aims to support health services, improve the quality of hospital data and analytic insight through the audit and automation of clinical record classification.
This new partnership will support the proposed implementation of PICQ and related data products in Saudi Arabia if selected by health authorities or hospitals.
PICQ is the company’s SaaS-based product which automates the audit of classification and supports clinical record coders to improve the quality of data. It is widely used in countries including Australia, New Zealand and Ireland.
This follows after the successful completion of phase one of an audit of public hospitals which the company had received full payment of US$1.45 million (A$2 million).
Beamtree CEO Tim Kelsey said the company is delighted to launch the new partnership.
“[We] believe it will leverage both Lean and Beamtree’s existing products and services to support improved health outcomes in Saudi Arabia,” he said.
According to the company, the partnership with Lean is expected to support Beamtree’s goal of achieving annual recurring revenue of $60 million by 2026.
Shares in Beamtree ended the day 10.9 per cent in the red to close at 25.5 cents.