Orion Health gets lucrative deal from Metro North
Orion Health has been successfully in getting a lucrative contract from Metro North, which is the biggest health service provider in the state of Queensland in Australia.
Orion Health is a leading health systems software company and it is the company's second large contract in a fortnight. The company had announced in the previous week that it is entering into a contract with a major American healthcare provider.
Metro North will utilise the referrals management platform of Orion Health. Orion maintains the platform for the more than
900,000 and the company will earn revenues on a on a subscription basis in order to maintain inflows. The company has more than 16,000 staff in five hospitals and eight community health centres and it also operates oral and mental health facilities in the country.
Darren Jones, Orion executive vice-president for Asia-Pacific, said, "Metro North has the ability to extend the functionality of the platform beyond referrals management over time through the addition of other modules that support better care coordination between its hospitals, community health centres and other healthcare providers."
The shares of the company have rallied following the two major deals recently. The shares have risen from $3.12 before the announcement of the deal with the US firm to a five-month high of $3.63. The shares had fallen to their all times low of $2.53 in February from a listing price in November 2014 of $5.70.
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