TechnologyOne announces key contract with Epworth HealthCare

TechnologyOne (ASX: TNE) announced today it has secured a key contract with Victoria's largest not-for-profit private hospital group, Epworth HealthCare.

The contract win, secured against multinational competitor SAP, will see TechnologyOne deploy its enterprise suite of Financials, Supply Chain, Business Intelligence, Enterprise Budgeting, Works & Assets, and Customer Relationship Management (CRM) across all areas of Epworth's various functions, including acute medical and surgical services, sub-acute care, diagnostics and rehabilitation.

This major project for the healthcare provider will sit at the core of Epworth's broader strategic growth program, which includes developing the Epworth Teaching Hospital model - further establishing Epworth as a leader in its field.

The software will be responsible for reducing operational complexities using a common integrated platform for financial, supply chain, facilities and donations management across all of Epworth HealthCare sites.

In line with Epworth's strategy of achieving ‘excellence, everywhere, everyday', the IT system will support Epworth's growth to further promotes its commitment to providing quality treatment and care to its patients with a robust, stable and well-resourced ERP system.

Alan Kinkade, Group Chief Executive of Epworth HealthCare, said TechnologyOne was selected for a number of reasons, including its commitment to R&D.

"Aside from having a solution that meets our business requirements, we also selected TechnologyOne based on its ‘home grown' mantra and its demonstrated commitment to R&D, particularly in the areas of supply chain and prosthesis management.

"We never anticipated finding a vendor that could do all of the things we will require in the future, right now, but with a 20% annual investment in R&D, we were comfortable that TechnologyOne would be the leading vendor when it comes to intuitive, forward thinking software design," said Mr Kinkade.

Mr Kinkade also said the local R&D support was a deciding factor.

"It would not be feasible for us to go with a software provider managing R&D activity out of Germany. We wanted a local provider who would be able to offer us the level of support, commitment and resources we needed."

Epworth's partnership with TechnologyOne also comes as the healthcare industry faces challenges with the introduction of changes under the Federal Government's health reforms in Australia.

According to Executive Chairman, Adrian Di Marco, TechnologyOne takes into account the specific challenges and business drivers facing its seven key vertical markets when developing software.

"Without listening to our customers, we have no business. If the healthcare industry is facing major structural reforms initiated through the National Health and Hospitals Network and personally controlled electronic health record through e-Health initiatives, we need to develop functionality that not only addresses this, but also creates an automated process to ease the burden.

"This is the beauty of having our R&D centre local - we can respond to the changing needs of our customers with speed and agility, and I know our customers appreciate this," said Mr Di Marco.

Epworth will commence its IT implementation over 12 months, starting in July 2010.

TechnologyOne counts more than 25 high profile healthcare organisations as customers, including Healthscope, Little Company of Mary and the Royal Flying Doctor Service, which has provided almost $9 million in revenue in the past three years.

In New Zealand, TechnologyOne has won all competitive health board tenders since 2005, with the Nelson, Hawkes Bay, Tairwahiti and Lakes District Health Boards all using TechnologyOne software solutions.