TIDMINHC
RNS Number : 7243R
Induction Healthcare Group PLC
09 November 2021
Induction Healthcare Group PLC
("Induction", the "Company", or the "Group")
Induction Attend Anywhere wins DWP contract
Induction Attend Anywhere to provide video conferencing to
virtualise parts of the UK benefits system
Induction (AIM: INHC), a leading virtual care platform driving
digital transformation of healthcare systems worldwide, announces
that a two-year contract has been awarded by the Department of Work
and Pensions ("DWP") to Induction's partner Involve Visual
Collaboration Limited ("Involve"), a UK video specialist, to
provide communications services to support the virtualisation of
the UK benefits system. The contract includes options for the DWP
to extend the agreement term for up to a further two years.
As part of this significant contract, Induction will supply DWP
with its web-based video consultation platform, Induction Attend
Anywhere, allowing members of the public to hold a video
consultation with DWP assessors in relation to their financial
support needs as an alternative to a face-to-face meeting.
The contract value to Involve is up to GBP3.95m for the initial
two years, totalling up to GBP7.79m for the full four years.
The contract value to Induction is up to GBP2.6m for the initial
two years, based on usage, totalling up to a maximum of GBP5.2m for
the full four years, assuming the contract is extended for the
additional two years. There will be a small contribution of around
GBP150K to the Group's revenue in the current financial year.
This is Induction's first major contract outside of the
healthcare sector, underlining the expansion potential for
Induction Attend Anywhere and other Induction systems.
Induction Attend Anywhere will be used by DWP as part of its
Strategic Digital Video Project to virtualise key business units
within the department. It will be used to connect with claimants
and will allow DWP the option to manage its assessments virtually
as well as providing recording capabilities across all departments
including Personal Independent Payments, Universal Credit,
Industrial Industries Disablement Benefit, Employment & Support
Allowance, Fraud and other key business units.
Video specialist Involve is the sole UK sales partner of
Induction Attend Anywhere and has over 30 years of experience
delivering best in class audio visual and collaboration solutions
across healthcare, corporate, legal and public sector markets.
Involve partnered with Attend Anywhere in 2020 and already jointly
supply video consultations to several UK and European organisations
including the MoD and the Health Service Executive in Ireland,
supporting over 300,000 virtual consultations lasting over
10,000,000 minutes.
The Induction Attend Anywhere platform was chosen from a
shortlist of providers and the contract award follows a competitive
process. The contract was awarded through Crown Commercial
Service's G-Cloud 12 framework. Crown Commercial Service supports
the public sector to achieve maximum commercial value when
procuring common goods and services. The Board understands that in
2020/21 Crown Commercial Service helped the public sector to
achieve commercial benefits equal to GBP2.04 billion(1) -
supporting world-class public services that offer best value for
taxpayers.
Investor Presentation
James Balmain, Chief Executive Officer, will be hosting a live
online presentation relating to this contract win via the Investor
Meet Company platform at 4.30pm (GMT) on Wednesday 17 November 2021
. The presentation is open to all existing and potential
shareholders.
Investors can sign up to Investor Meet Company for free and
register for the presentation here:
https://www.investormeetcompany.com/induction-healthcare-group-plc/register-investor
Mick Roach, Director of Strategic Health Alliances at Involve,
commented: "We are delighted to continue our close partnership with
Induction and Attend Anywhere to support the growth of our virtual
service. Induction Attend Anywhere will be used by DWP to connect
with members of the public. As the pandemic has driven the demand
for virtual meetings, Involve are proud to have played a key role
is supporting Induction Attend Anywhere in gaining traction across
the UK with its cloud based platform that saves both time and
resources as well as offering increased flexibility for our
customers and anyone who needs to interact with them."
James Balmain, Chief Executive Officer of Induction, commented:
"This is our first major contract outside of the healthcare space
and exemplifies the versatility of Induction's platforms as we look
to expand from the secondary healthcare market. We are pleased to
be working alongside Involve to support DWP's virtualisation of the
UK benefits system and hope that this will be a strong driver in
the recognition of Induction's platforms as an adaptable solution
as we continue to build on our strong sales momentum."
(1)
https://www.crowncommercial.gov.uk/news/rising-to-the-challenge-ccs-publishes-its-annual-report-and-accounts-2020-21
ENQUIRIES
Induction Via Walbrook PR Ltd: induction@walbrookpr.com
James Balmain, Chief Executive Officer
Dr Hugo Stephenson, Group Executive
Director
Singer Capital Markets (Nominated
Adviser and Broker) +44 (0) 20 7496 3000
Philip Davies / Kailey Aliyar
Walbrook PR Ltd induction@walbrookpr.com
Paul McManus / Alice Woodings Mob: +44(0)7980 541 893 / +44 (0)7407
804 654
About Induction - www.inductionhealthcare.com
Induction (AIM: INHC) is a leading virtual care platform driving
digital transformation of healthcare systems worldwide. Induction
solutions enhance the investments hospitals have made and lay the
foundation for their future. Our products can enable information
sharing between busy doctors, alleviate operational burdens on
hospitals or put patients in better control of their care, all
while ensuring the highest standards of clinical safety and
information security. We unchain staff and patients from the
limitations of paper-based and desktop systems, creating
substantial time and cost efficiencies.
More than 225,000 hospital doctors across multiple territories,
including the UK, Ireland, Australia and South Africa, as well as a
rapidly growing number of more than 300,000 UK patients, choose
Induction solutions.
Induction Switch is the number one healthcare collaboration app
in the UK, used by the majority of hospital doctors within the NHS.
The app helps to increase productivity and enhance communication by
securely sharing phone numbers and bleeps, bookmarks, documents and
messages in a clinical setting.
Induction Guidance provides medical organisations, including
most hospital trusts within the NHS, with the ability to
collaboratively create, edit, and publish their own local medical
guidelines in a secure and locally administrated environment. This
increases knowledge of, and adherence to, guidance.
Induction Zesty is a market-leading digital platform for
patients visiting hospitals. The platform allows patients to book
and access their appointments, read their clinical letters, store a
copy of their clinical record and provide data to their care teams
remotely. It is not just a compelling patient experience, but also
delivers significant cost benefits to hospitals.
Induction Attend Anywhere is the UK market leader in secondary
care video consultations. It helps hospitals, health systems and
other customers offer video consultations to patients and service
users as a normal part of day-to-day clinical activity. Our vision
is for video consultations to improve lives and help address
social, access, equity and sustainability challenges by allowing
healthcare providers to determine how and when they see a patient
based on each individual case: in-person, via video or on the
telephone.
Induction HealthStream is a proprietary data integration
platform that reads and writes patient demographic, appointment and
clinical record data between a growing number of hospital EHR
systems and the Induction platforms. This connectivity between
stakeholders and legacy IT systems adds substantial value to
pre-existing health IT investment and allows large-scale adoption
of Induction app-based services.
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