I attended the Connect Expo at the Melbourne Convention Centre yesterday, which also hosted the Digital Health Show. I was interested in the IoT vendors and software/big data companies at the Connect exhibition but did wander around the Health area.
http://connectexpo.com.au
http://www.digitalhealthshow.com.au
At first I was surprised that MedAdvisor didn't have a presence. What I observed was countless, almost start-up like, application 'creators' spruiking an 'integrated platform'. I had brief conversations with the hosts who gave their spiel. A lot of their claims as being "industry supported", "the first and only", "integrated" were dubious.
CleverTar - seems to be like Pharmacist Phil.
Health& - Australia's first and only personal health record. Only? Really?
BestMed - Such a clunky UI.
I saw no company as well supported by big pharma (MDR has 9), have thousand of users (MDR has 650k+), or is linked with the big chain pharmacies (MDR 2450+). After doing a lap I realised that perhaps MDR didn't need to be there. It seemed to be a lot of small incubators (much smaller than MDR) and very large organisations. RAP had a booth. See a long post/thread here. PwC were also present with a stand.
Telstra had a presence and have an app in the making (HealthNow), due later in the year. They have authorisation to integrate with My Health Record. Telstra Health is well funded and is a new revenue stream, as the NBN gravy train is drying up. They will go into Digital Health looking to get ROI very quickly. If they want to absorb established organisations to grow through acquisition rather than organic growth MDR would (or should) be on their radar.
What I like about MDR is the allocation of shares. Founders and Management hold 64%, Instos 25% and us plebs only 11%. With Management holding so much, they are committed to success. Whilst we're still under 4 cents, the market is forward looking and we should see some movement later in the year, as the expectation is to be cash flow positive in 2018.
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