Hello Stock Doctor, here is the announcement. I am wondering with a name like Doctor are you in the medical profession and if so what are your thoughts.
PRO MEDICUS LIMITED 2002-10-23 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++ Medical IT and e-health leader Pro Medicus Limited [ASX: PME] today announced it has achieved a major milestone with the first sale of its recently commercialised suite of digital radiology products to Lake Imaging, a leading radiology provider based in Western Victoria.
The products, the result of an alliance with medical imaging giant Agfa Healthcare, integrate the Pro Medicus range of Practice Management products with Agfa's IMPAX digital radiology (PACS) solutions to enable a practice to replace radiology film with digital images.
"We are the first private radiology group in Australia to go fully digital," said Lake Imaging partner John Livingston. "We saw the enormous potential of digital radiology and purpose-built our new practice to cater for this technology.
"Key factors in our decision to purchase the Pro Medicus/Agfa solution were the degree of integration between the two products and the unparalleled functionality this provides. Even in this short time, it has produced significant benefits for both our practice and our patients."
A major shortcoming of conventional film-based radiology is that x-rays can only be in the one place at one time. As a result, patients are asked to store their own x-rays and remember to bring them to subsequent consultations. This practice is cumbersome and often results in past x-rays being lost or misplaced.
The Pro Medicus/Agfa digital radiology solution overcomes this problem. As soon as the patient arrives at the front desk, their past examinations and reports are automatically retrieved from electronic archives so the radiologist can compare both present and past images assisting in the diagnostic process. These images and reports can then be electronically delivered to referrers and other related health professionals.
"We released these products in July of this year and are thrilled with progress to date," said Dr Sam Hupert, Pro Medicus CEO. "Lake Imaging has clearly demonstrated the enormous value of this technology for both the patient and the practice. Using combined Pro Medicus/Agfa technology they have been able to seamlessly bridge their multiple radiology locations into one virtual electronic practice. We could not have asked for a better start."
The market in Australia for this technology is estimated to be in excess of $100 million within the next three years as large radiology groups amalgamate and look to technology to help provide efficiencies and cost savings.
"Digital radiology is set to explode in Australia as it has done overseas," Dr Hupert said. "There are huge financial and clinical benefits that can be derived from this technology, especially when it is fully integrated into the workflow of a practice."
"Our new integration products "raise the bar" when it comes to the level of functionality they provide. This gives Pro Medicus a major strategic advantage and ideally positions us to leverage our base in radiology to maximise opportunities for these products both here in Australia as well as overseas," he said.
For further information contact:
Dr Sam Hupert, CEO, Pro Medicus Limited (03) 9429 8800
Mike Feehan Monsoon Communications (03) 9620 3333
PME Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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