News and Announcements
SmartWard Ltd FY15 Company Update
- Published January 29, 2015 1:52PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
In 2014, one of Australasia’s largest independent business technology solutions providers, Datacom, acquired 20% of the SmartWard Holdings and became the exclusive supply and support organisation for the SmartWard technology in Australia, NZ and SE Asia.
During 2014, SmartWard also released clinical trial results for its patient care software. The trial showed that SmartWard slashed the time spent by nurses on records management. Deloitte Access Economics estimated that redeploying the saving in nurse time to patient care could avoid treatment errors, saving hospitals $50,000 per bed pa. The saving across the entire Australian public health sector would be $4.4 billion pa.
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ABOUT SMARTWARD
SmartWard is a unique new system that delivers much-needed gains in the efficiency of hospitals and aged care facilities while improving quality-of-care. SmartWard runs on computers at each patient bedside and at all other points-of-care, providing up-to-date information on scheduled activities and patient alerts and allows automatic, real time entry of treatment records.
Patient histories are presented in user-friendly charts with decision support data. Validation of medication and patient identity is automated via smart sensors saving time, avoiding errors, while also automatically creating a rich and precise record of care. The data captured can be pattern-analysed and formatted for clinical and administrative purposes and to refine patient treatment plans – currently impossible in day-to-day clinical practice.
SmartWard saves money, resources and lives in our hospitals by replacing paper records and will automate many tasks that take time away from patient care. Simultaneously beneficial to patients, nurses, doctors and hospital administrators, independent research has shown that health care professionals value SmartWard for its safety and usability.
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