Orion Health Inc. has achieved a strong profit performance for the year ending March 31, 2010 in spite of the economic turmoil’s impact across the industry. Orion Health’s gross sales revenue across the group increased 28% percent in the second half of 2010 compared with the same period last year.
Auckland, New Zealand (Vocus) June 21, 2010 -- Orion Health Ltd., a global leader in Health Information Exchange (HIE) and Electronic Health Record (EHR) solutions, has achieved a strong profit performance for the year ending March 31, 2010 in spite of the economic turmoil’s impact across the industry. Orion Health’s gross sales revenue across the group increased 28% percent in the second half of 2010 compared with the same period last year.
According to Ian McCrae, Orion Health CEO, the past year has been one of the strongest in the global marketplace for the company, which has been providing interoperability solutions to the healthcare industry since 1993. Based on the momentum seen during the first two months of fiscal year 2011, Mr. McCrae is confident this consistent quarter-on-quarter growth will continue throughout 2010.
“The driving vision for Orion Health is to make sure we build health information products that are better designed and easier to implement than ever before” says Mr. McCrae. “Accordingly, as health IT projects continue to be prioritized across the globe, more healthcare providers are turning to Orion Health’s leading integration engine and clinical workflow software to help them improve healthcare delivery through better access to medical records.”
North American Health IT Market Growth
North American contracts accounted for 70 percent of Orion Health’s sales. Customers include private hospital and healthcare providers, state public health departments and regional health information exchanges (HIEs). Sales of Rhapsody Integration Engine contributed to nearly a third of the North American revenues, including the company’s largest global OEM partnership to date, an effort to embed the solution into Philips’ portfolio of healthcare informatics solutions.
Paul Viskovich, President Orion Health North America says as more funding from the American Recovery and Reinvestment Act (ARRA) of 2009 becomes available, hospital and health systems are more rapidly deploying health information exchange programs.
Mr. Viskovich attributes North American growth to Orion Health’s leadership in the Health Information Exchange market and healthcare integration engine market, which continues to be validated by customers and third-party developers. “In North America, even though many organizations were waiting to act until the announcement of funding guidelines in the middle of the year, Orion Health has seen a growth rate of more than 20 percent over the previous year,” says Mr. Viskovich.
International Health IT Market Growth
Growth in Europe and the Middle East is also increasing. Charles Scatchard, the company’s newly appointed President of International says that significant deployments in Norway and Northumbria as well as continued implementations in Spain helped drive a 20 percent increase in sales across the region.
Customer Driven Solutions and Partnerships Ease Health IT Processes
Mr. McCrae says that organizations using Rhapsody report saving hundreds of staff hours per year by graphically mapping interfaces, automating the data exchange and reporting process and easing troubleshooting. It is one of the most widely adopted integration platforms used by public health departments, a market known for rigorous requirements for expenditures and competitive reviews.
With more than 10 new customers in the second half of the year deploying Concerto physician portal technology, which underpins Orion Health’s HIE and EHR solutions, the company now has more live sites than any other vendor globally.
Orion Health has also added new global partnerships. In the past year, the company has formed strategic and successful partnerships with companies such as Logica, Vangent, Forward Advantage, Xwave, Philips and Merge.
About Orion Health Ltd.
Orion Health is a leading Electronic Health Record (EHR) solution provider with expertise in clinical workflow and integration technology for the healthcare sector. Orion Health’s easy-to-use solutions and applications improve patient care and clinical decision-making by providing integrated health data in a single, unified view. By enhancing existing healthcare information systems, the Orion Health Rhapsody™ Integration Engine, Concerto™ Portal and workflow solutions, provide healthcare workers with easy access to patient data and trends, and reduce errors and omissions by streamlining information transfer.
Worldwide, Orion Health implements health information communities involving over 30 million patients with hundreds of thousands of active users including NHS Greater Glasgow, Spain’s IB Salut, South-Eastern Norwegian Regional Health Authority, New Zealand Ministry of Health, Maine’s HealthInfoNet, Lahey Clinic, UCLA Medical Center, US Centers for Disease Control and Prevention (CDC), and Alberta Health Services. Orion Health’s partners include leading health system integrators and IT vendors such as Accenture, Allscripts, IBM, Oracle, Phillips and others.
Orion Health, Rhapsody, Concerto, and Symphonia are registered trademarks of Orion Health Ltd., its parent/or its affiliates. Other names used may be trademarks of their respective owners.
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