Alcidion re-signs Western Sussex Hospitals Trust

By Trevor Hoey. Published at Jun 26, 2019, in Technology

Alcidion Group Ltd (ASX:ALC) has signed a 5-year product licence renewal agreement with Western Sussex Hospitals NHS Trust for Patientrack licensing and support for an additional five years, to 2024.

The total value of the renewal is $970,000.

Contract successes such as this have been responsible for shares in the group trading strongly since March, increasing 370% to hit a 12 month high of 14 cents in June.

Alcidion’s Patientrack platform is a mobile and digital bedside solution that helps hospitals improve patient safety and quality of care, as well as optimising clinical staff efficiency.

Patientrack helps hospital workflow by planning and performing patient observations and assessments and providing clinical documentation at the bedside in real-time.

These functions of the Patientrack solution ensure the early detection and timely clinical response to deteriorating patients at all times, in a range of different ward environments.

Contract renewals are viewed as an endorsement

One of the important aspects of this contract win is that Western Sussex Hospitals NHS Trust first implemented Patientrack in 2012, making it one of the longest-serving users of the software.

It is endorsements such as this that will provide investors with confidence regarding further contract extensions, and it is worth noting that it is the second time the contract has been renewed.

The platform was initially deployed following a successful competitive tender in 2011, and the system is live in 68 wards across the trust’s three hospitals.

Alcidion’s group managing director Kate Quirke underlined the importance of the trust’s endorsement of the company’s products in saying, “We are delighted to continue our close partnership with Western Sussex Hospitals NHS Trust - one of our foundation customers in the UK - for the continued use of Patientrack for another five years.

“This demonstrates the longevity of our relationships with customers who have embedded Patientrack into their clinical care.”

Patientrack being used in a clinical care environment.

Aligning tech innovation with industry developments

Alcidion’s UK general manager Donald Kennedy explained the importance of staying abreast of new healthcare developments in saying, “Our long-standing partnership with Western Sussex NHS Trust has seen several innovations made to Patientrack, and its use has expanded within the trust since it was implemented.

“These include the implementation of world-leading predictive analytics for acute kidney injury, as well as a broad range of clinical assessments and workflow for conditions such as Sepsis.

“This renewal demonstrates the benefits our solutions can bring to patients and health professionals, and the value our solutions can add to wards, hospitals and healthcare systems.”

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!