ImExHS signs 5-year deal to modernise Colombian radiology facilities

ImExHS ASX IME Colombia radiology Colsubsidio Caja Colombiana de Subsidio Familiar
ImExHS has struck a new 5-year recurring revenue contract with Colombian healthcare group, Caja Colombiana de Subsidio Familiar (Colsubsidio).

Latin American imaging specialist ImExHS (ASX: IME) has inked its “largest ever” deal to to-date, which will modernise Colombian healthcare group Colsubsidio’s radiology facilities with its proprietary imaging and communications system.

The imaging information technology provider today announced it had signed a five-year contract with Colsubsidio, estimated to be worth between $2.087 million and $2.825 million over the term, depending on usage.

According to ImExHS, this recurring revenue deal represents a minimum growth in future contracted revenue to around $14.5 million.

Colsubsidio is a large family compensation fund that provides healthcare and other benefits to Colombian workers.

It is one of the largest multi-site radiology facilities in the country that still operates using analogue film. Reaching this deal with ImExHS was part of the fund’s initiative to modernise its systems.

“Colsubsidio’s strategy is to unify our platform of diagnostic imaging throughout all our hospitals to offer a better service to our patients,” Colsubsidio’s chief of the administrative division Eduardo Gonzalez said.

Under the contract, ImExHS will integrate the diagnostic imaging network across all of Colsubsidio’s sites, which is expected to provide the group with a more efficient working environment, leading to increased productivity while reducing mistakes and costs.

“Our software will provide to Colsubsidio the opportunity to increase patient throughput, improve patient outcomes while bringing a high-quality service to all stages of the radiological diagnostic process,” ImExHS chief executive Dr German Arango said.

The operating system to be implemented for Colsubsidio will include ImExHS’ Hiruko solution, which is comprised of an integrated Radiology Imaging System (RIS) and Picture Archiving and Communications System (PACS). It is a cloud-based system that does not require installed software.

Colsubsidio’s system will also incorporate speech recognition, a patient portal, EMR integration, CRs systems, film printers, CD burners, technician computers, a diagnostic workstation as well as the inclusion of an engineer on site.

The system is expected to support around 600 users, ImExHS stated.

By afternoon trade, ImExHS shares were up around 35% to $0.042.

Danica has extensive experience writing and editing business news in the Oceanic and Southeast Asian regions. She has written across a range of industries including oil and gas, mining, energy, science and research, retail and travel. Danica has covered small and large cap companies listed on the Australian, Singapore, Hong Kong, Indian, London and Toronto exchanges.