Accenture Launches EHR in Singapore - Analyst Blog
23 6월 2011 - 12:45AM
Zacks
Backed by the Singapore Ministry of Health, technology services
and outsourcing company Accenture plc (ACN)
recently launched a National Electronic Health Record (NEHR)
system. The contract for developing the NEHR system was awarded to
Accenture in August 2010. Financial terms of the deal were not
disclosed.
The NEHR system has been deployed across Singapore, to integrate
the country’s health care structure. This also makes Singapore one
of the first countries worldwide to use NEHR.
The system, designed by the Accenture team, will enhance the
quality of health care services, as well as lower service costs,
helping service providers offer enhanced health care policies. The
system also seeks to eliminate duplication, needless medical tests
and faulty mediation.
Given the extent and demands of the system, Accenture teamed up
with technology majors to successfully set it up. Therefore, tech
behemoths like Oracle Corp. (ORCL),
Hewlett-Packard Co. (HPQ) and smaller companies
like Orion Health and Initiate Systems Inc. were also involved in
the Singapore health project.
Electronic Health Records (EHR) help doctors and hospitals to
organize medical records of patients. The system makes it easy for
medical practitioners and patients to track clinical histories,
without the hassle of storing hard copies.
We believe that the successful implementation of EHR in
Singapore will create new business opportunities for Accenture.
In the U.S., the system has been recognized by the government as
a core component to national health care reform. The federal
government has passed a bill, granting around $19.0 billion in
incentives to medical practitioners and hospitals for buying and
using EHR systems.
We believe that Accenture has the potential to capitalize on
emerging health care deals. However, Accenture may have to face
stiff competition from Dell Inc. (DELL), the key
supplier into the health care sector.
We are encouraged by the healthy growth that Accenture
registered in its recently concluded third quarter of 2011.
However, the economic turmoil in Europe and competitive pressure
from IBM Corp. (IBM) could considerably
rationalize the company’s growth prospects.
Accenture has a Zacks #3 Rank, implying a short-term Hold
recommendation.
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