Think Research Corporation (TSX-V:THNK, OTCQB:THKKF) said it has signed a contract to provide Care Pathways nursing content to St. George's University Hospitals NHS Foundation Trust, a major teaching hospital in London.
Through the partnership, Think will deliver customized care plans to St. George's that will standardize nursing care and documentation across the hospital, ensuring the delivery of best-practice and evidence-supported care to at-risk patients and leading-edge preventive interventions.
In a statement, Think CEO Sachin Aggarwal said: "Standardizing care has countless proven benefits. We are incredibly proud our solution has been selected to provide the latest evidence-based knowledge and information that St. George's nursing staff require to assess and treat patients with confidence. We are delighted that this is our company's first foray into the world's largest publicly funded healthcare system, the NHS, and doing so will result in our evidence-based content being deployed in the world's largest EPR provider, Cerner."
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Think will also assist with building the care plans into St. George's electronic patient record (EPR) system, Cerner Millennium, which shares the same instance of Cerner with two other Trusts in the South West London Integrated Care Partnership (ICP), Croydon Health Services NHS Trust and Kingston Hospital NHS Foundation Trust. Cerner is a major EPR provider in the UK, with its Millennium platform used in 22 Trusts, and is the largest EPR provider in the world, with its solutions deployed in over 27,000 facilities around the globe.
Funding for the project comes from the NHS's United Tech Frontline Digitization Fund, which supports the digital transformation and digitization of healthcare across NHS locations.
Jenny Muir, ICT chief nursing informatics officer said: "Ensuring every patient receives the highest quality of evidence-based care is paramount at St. George's. This partnership will help ensure we deliver. Having access to evidence-based, custom care plans will provide essential guidance to our nursing staff, enhance efficiencies, and most importantly, improve patient outcomes."
In a separate statement, Think Research also announced that it will be participating in the invitation-only 3rd Annual TSX Venture Growth Capital Event on July 8, 2022, in Kelowna British Columbia. Think said its management will be speaking directly to small-cap investors regarding progress made over the past year.
Aggarwal, the company's CEO, commented: "We have been busy over the past 18 months since we listed on the TSX Venture. We have made four significant acquisitions that transform Think into an essential data, content, and software solutions provider for over 300,000 health practitioners in 1700 facilities across five continents. With an annualized run-rate of over $80 million in revenue and $6.9 million in realized annualized cost synergies over FY2021 and Q12022, we are eager to explain to investors our path to market dominance and sustained profitability."
Contact the author at jon.hopkins@proactiveinvestors.com