TIDMINHC
RNS Number : 8054J
Induction Healthcare Group PLC
16 April 2020
16 April 2020
Induction Healthcare Group PLC
("Induction", the "Company, or the "Group")
Market update
Helping healthcare professionals combat COVID-19
Induction, a leading healthcare technology company that helps
healthcare professionals deliver better care more efficiently,
announces an update in light of the impact of the COVID-19
pandemic. The past month has seen significant challenges for our
employees and operations - as well as the 200,000+ healthcare
professionals* who choose to use our Induction and MicroGuide apps
as they seek to navigate through this new unfamiliar and rapidly
changing work environment.
* There is some overlap of users between the Induction and MicroGuide apps.
Responding to COVID-19
We continue to closely monitor the COVID-19 situation. In these
unprecedented circumstances, our top priority remains the health
and safety of our people and the healthcare professionals they
serve. We implemented remote working for all office-based staff
weeks ahead of formal government advice regarding COVID-19 and have
since been following all the latest official guidelines. Given the
nature of our business, a large portion of our staff were already
set up to work remotely, so this change has had minimal impact on
our operations. Consequently, healthcare professionals who use our
technology have continued to receive the same high level of service
as before.
Market update
Induction has been supporting global efforts to combat COVID-19
through its technology and tools for healthcare professionals in
the NHS (UK), and also in Ireland, North America, South Africa and
Australia. Our two leading platforms, Induction app and MicroGuide,
provide healthcare professionals with the most up-to-date medical
guidelines and contact details, helping them navigate through the
current unfamiliar and quickly evolving work environment in
hospitals, as well as communicate securely with their colleagues.
We are working hard to release new features earlier than expected
to improve efficiencies and enhance communication across their
network.
Engagement with our tools and technology reflects the demand for
secure and quick communications and easily accessible clinical
guidelines in a period of unprecedented pressure on global
healthcare professionals and services.
Induction app
Our Induction app, the number one collaboration app for UK
healthcare professionals, over the last month has seen an increased
number of registered users engaging with our service/app daily,
with doctors being particularly active on the app. Overall, the
registered user base has increased by 10% to 138,095 users since
31(st) January 2020. The majority of hospital doctors within the
NHS use our app.
In March 2020, we saw significant growth in demand for our
tools, as a result of the strain that COVID-19 is placing on
healthcare institutions, including:
-- 66% increase in daily user registrations
-- 428 new collaborative private spaces were setup, and engaged
an additional 11,500 clinicians
-- 33,480 clinical guidelines and documents were viewed, 4.75
times the number of views in February
MicroGuide app
Our MicroGuide app, the leading clinical guidelines management
platform for healthcare services, is widely used across 80% of NHS
trusts. The number of registered users has been up by 6% to 168,678
since 31(st) January 2020.
Medical Organisations have been publishing new and updated
guidelines for their clinical communities via our app at an
unprecedented rate, with monthly publications for March 2020 up
over 200% when compared with March 2019.
Access to guidelines has also increased significantly with c.
800,000 guidelines pageviews occurring in March 2020 alone. This is
a 40% increase year-on-year and proves the value that clinicians
receive from access to locally specific content at the point of
care.
MicroGuide is proud to be supporting Barts Health NHS Trust in
the Nightingale London project with antimicrobial and COVID-19
content.
Dr Hugo Stephenson, CEO of Induction, said :
"COVID-19 is placing unprecedented strain on healthcare
professionals and services globally. Technology has a large role to
play in the response to this global crisis. Working in unfamiliar
and rapidly changing environments with limited resources,
healthcare professionals are showing their resilience and relying
on Induction's tools to communicate mission-critical information
and to access medical guidelines. Daily engagement with our apps is
high and we are proud to support the NHS and global healthcare
professionals and will continue to find ways to help.
While our current focus is making sure our people are healthy,
safe and able to serve healthcare professionals, our strong balance
sheet and net cash position give us enough leeway to deliver new
features to support the healthcare community and fund our active
acquisition pipeline when market conditions stabilise."
ENQUIRIES
Induction Healthcare
Dr Hugo Stephenson, Chief Executive Officer Via FTI Consulting
Ibs Mahmood, Chief Business Officer
Numis Securities (Nominated Adviser and
Broker) +44 (0) 207 260 1000
James Black / Freddie Barnfield / Huw Jeremy
/ Matthew Jones
FTI Consulting +44 (0) 203 727 1000
Jamie Ricketts / Elena Kalinskaya / Sam
Purewal / Mary Whittow
About Induction
Induction Healthcare Group PLC is a leading healthcare
technology company that helps healthcare professionals deliver
better care more efficiently. T he Group has two platforms,
Induction and MicroGuide, that support healthcare professionals in
multiple markets, including UK, Ireland, Australia and South
Africa. Induction is the number one healthcare collaboration app in
the UK. The app helps over 138,000 users - mostly doctors - to
increase productivity and enhance communication by securely sharing
phone numbers and bleeps, bookmarks, documents and messages in a
clinical setting. The MicroGuide platform provides medical
organisations with the ability to collaboratively create, edit, and
publish their own local medical guidelines in a secure and locally
administrated environment. The Induction app is used by the
majority of hospital doctors within the NHS. The MicroGuide
platform is used by the majority of trusts within the NHS.
As at 31 March 2020, the Induction app had 138,095 registered
users, primarily in the UK. The registered user base grew by 73.4%
from 31 March 2019 to 31 March 2020.
As at 31 March 2020, the MicroGuide app had 168,678 registered
users, primarily in the UK. The registered user base grew by 35.5%
from 31 March 2019 to 31 March 2020.
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END
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