IP Health, an Australia-based electronic medical records specialist, has raised an undisclosed amount of investment from Telstra Ventures, the corporate venture capital subsidiary of Australia-based telecommunications and media company Telstra Corporation.
IP Health’s core product, Verdi, gives hospital clinicians and administrators a single view of patient information aggregated from multiple systems in a hospital. It extracts information in real time from a hospital’s existing paper or electronic databases.
Matthew Koertge, Telstra Ventures managing director, said: “This investment fits with Telstra’s new health business unit by complementing our existing mobility and hosting solutions and expanding our offering to hospitals. IP Health will be an important asset as we continue to build capability in this area. There are more than 1300 hospitals in Australia, most using multiple systems. This new partnership will help IP Health accelerate its growth by combining our strong and trusted brand, our technology know-how and scale with an innovative software solution.”
Ashley Renner, IP Health chief executive officer, said: “Many doctors are called upon out-of-hours to respond to patient needs. Verdi enables those doctors to have the patient’s full history at their fingertips. This means that if a doctor is called at home for an emergency they could monitor a live read of a patient’s ECG on their iPad, cross check their pathology results from a number of laboratories and make a recommendation to the nurse on call.”
The Telstra Health Solutions Clinical Workbench, powered by Verdi, is currently available to all hospitals in Australia.