- Mach7 (M7T) receives a $7.1 million order from Adventist Health for Mach7 picture archiving and communication systems (PACS) for another 15 hospitals
- This marks the final deployment phase of a 22-hospital contract signed in January 2021, all-up worth $7.9 million
- M7T estimates the PACS contract with Adventist will add $3 million in revenue to its bottom line across its 2023 financial year
- PACS offer diagnostic viewing and workflow applications for the storage, access and retrieval of important patient scans
- M7T shares are up 1.74 per cent and trading at 58.5 cents at 2:16 pm AEDT
Mach7 Technologies (M7T) has received a $7.1 million order from Adventist Health for Mach7 picture archiving and communication systems (PACS) for another 15 US hospitals.
This marks the final deployment phase of a 22-hospital contract signed in January 2021, all-up worth $7.9 million
PACS offer diagnostic viewing and workflow applications, as well as data administration tools, to speed up the storage, access and retrieval of important patient scans.
Mach7 CEO Mike Lampron said the company had developed a strong and collaborative partnership with Adventist Health over the last few years.
“Our implementation and support teams have delivered high-quality outcomes for the hospitals in the initial deployment phase, and this positive experience has helped accelerate the rollout program to cover the entire Adventist hospital network,” Mr Lampon said.
The latest contract covering the 15 hospitals is estimated to add $3 million in revenue to M7T’s bottom line over the 2023 financial year.
M7T shares were up 1.74 per cent and trading at 58.5 cents at 2:16 pm AEDT.