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PainChek (ASX:PCK) partners with Medi-map in NZ

Health Care
ASX:PCK      MCAP $52.39M
02 November 2020 17:15 (AEDT)
PainChek (ASX:PCK)- CEO, Philip Daffas

Source: PainChek

PainChek (PCK) has expanded its presence in New Zealand through a partnership with Medi-map.

The Medi-map platform is the leading medication management software for aged care providers in New Zealand. Its platform manages all aspects of medication, sharing medication charts between the prescriber, pharmacy and care organisations.

Medi-map has around 80 per cent of the New Zealand residential aged care market under contract.

PainChek is the developer of the world’s first smartphone-based pain assessment and monitoring application. The app detects pain in individuals with moderate to severe dementia in aged care facilities and at home.

However, the company is also looking to move to the disability industry, as it recently signed a partnership deal with a disability service provider.

Under the partnership, Medi-map will promote PainChek to their aged care clients. PainChek’s results will also be integrated into the Medi-map platform.

Medi-map CEO, Greg Garratt, is thrilled to partner with PainChek, citing a great working synergy between both companies.

“Combining best in breed pain assessment with real-time medication management is extremely exciting and powerful from a resident outcome’s perspective,” he said.

“Integrating PainChek results into Medi-map will lead to improved resident outcomes and better care. Something both companies are passionate about,” he added.

The New Zealand market presents another market opportunity for PainChek, with almost 40,000 residents in aged care and 70,000 people living with dementia.

PainChek CEO, Philip Daffas, says the companies have the same goal in terms of delivering better consideration within aged care.

“Integrating PainChek pain assessments with the Medi-map medication
system provides carers with the ability to diagnose and treat residents in pain in real-time,” he said.

“This is a great step forward. The collaboration is another example of our digital capability, delivering PainChek to international clients in a cost-effective, integrated way and through a flexible business model built for modern-day healthcare,” he added.

On market close, PainChek shares fell 4.44 per cent and is trading for 8.6 cents per share.

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