Another US deal in a row. Starting to look considerably better
Physitrack Selected by US Metropolitan Healthcare System for Enterprise-Wide, Epic-Integrated Digital Rehabilitation
Three-year enterprise agreement with a total three year contract value of approximately US$78,000 (approximately EUR 67,000) in total, covering an enterprise-wide deployment and full Epic and MyChart integration.
Physitrack PLC (Nasdaq First North Premier Growth Market: PTRK), a global provider of digital health and wellbeing technology, today announces that it has been selected as the digital rehabilitation platform for a US metropolitan safety net healthcare system, following a competitive selection process.
The agreement covers a three-year relationship with a break option after the second year. It represents annual recurring revenue of approximately US$26,500 (approximately EUR 22,800) in the first year, rising by a fixed 5% on each anniversary. This equates to approximately US$54,000 (approximately EUR 47,000) in committed revenue across the first two years and a potential total contract value of approximately US$83,000 over the full three-year period. Remote therapeutic monitoring usage is billed in addition to these figures, on actual usage.
The selection displaces two incumbent home exercise programs vendors and consolidates the customer’s physical therapy, occupational therapy and speech therapy services onto a single standardized platform, covering 86 licensed practitioners. It further strengthens Physitrack’s position within the US enterprise healthcare market and within the public and non-profit provider segment.
In addition, something new is in the works, there have been LinkedIn posts for a few weeks, the latest being
In a previous post, Molin’s comment
So presumably EMR, and in this context, one would expect it to be an AI-assisted electronic health record system 