US Market
● There are approximately 8,000 hospitals in the US;
● One-third of all hospitals in the USA are planning to invest in Patient Flow Solutions this year alone (Capsite, division of HIMSS);
● The US government has legislated that hospitals must deploy, at a minimum, one component of a Clinical Decision Support Software by 2016;
● The Health Information Technology for Economic and Clinical Health Act (HITECH Act) stipulates that healthcare providers must demonstrate the meaningful use of health IT by 2015 or face a reduction in Medicare reimbursements; and
● Alcidion is well positioned to take advantage of the US need for increased operational efficiencies in healthcare as driven by the Patient Care Protection and Affordable Care Act (“Obama Care") legislation that provides incentives to US hospitals for IT systems improvement.
Definitely a very hot sector locally and internationally, will have a good look at the Co when I have some more time
NRR Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
