Beamtree Explained

Beamtree (formerly Pacific Knowledge Systems) is a health data analytics company based in Sydney, Australia.[1] Tim Kelsey was appointed chief executive in December 2020.[2] Mark Britnell was appointed chair of the Beamtree Global Impact Committee in August 2021.[3]

The company recorded a 20% year-on-year growth, and 15% increase in annual recurring revenue in August 2021.[4]

An international division was launched in the UK in 2021. The company acquired Ainsoff Pty Ltd, a clinician-led healthcare analytics company and Potential(x), an Australian firm that provides comparative analytics in 2021.[5] Ainsoff's founders Dr Levi Bassin and Dr David Bell will join the company. It has a partnership with the University of Sydney.[6] The company funds an Associate Professor of Clinical Informatics and Data Science at the University of Sydney.[7]

It formed a partnership with the Central Adelaide Local Health Network to implement the RISQ data quality product across the network of four hospitals. Likewise, it will also support clinical decision-making for pathology services and integrate the Ainsoff Index, which is used to detect deterioration in its early stage, into the electronic medical record.[8]

In March 2022, it set up contracts with four NHS hospital trusts in England to use its RippleDown decision support technology. The combined annual revenue is about £300,000.[9] It also has a five-year contract with Ampath for the RippleDown software which automates up to 90% of clinical interpretations.[10]

In October 2022, it entered into a partnership to roll out its AI data and decision support products in 450 public and private hospitals in the Kingdom of Saudi Arabia.[11]

External links

Notes and References

  1. Web site: Pacific Knowledge Systems . www.pks.com.au . 2021-12-20 . 2021-08-17 . https://web.archive.org/web/20210817140709/https://pks.com.au/ . dead.
  2. Web site: PKS appoints internationally regarded digital health expert" . Medianet . https://web.archive.org/web/20211004222151/https://www.medianet.com.au/releases/192407/ . 2021-10-04 . dead.
  3. News: Grim figures reveal the scale of healthcare decline worldwide . 9 November 2022 . Telegraph . 26 July 2022.
  4. News: Candidate for NHS CEO job joins ex-NHS director's company . 4 October 2021 . Health Service Journal . 27 August 2021 . 27 August 2021 . https://web.archive.org/web/20210827193619/https://www.hsj.co.uk/workforce/candidate-for-nhs-ceo-job-joins-ex-nhs-directors-company/7030797.article . live .
  5. News: Beamtree launches into UK . 4 October 2021 . Digital Health . 10 September 2021.
  6. News: Beamtree acquires healthcare analytics firm Ainsoff, announces appointment of Dr Mark Britnell as committee chair . 4 October 2021 . Mobihealth news . 27 August 2021.
  7. News: Beamtree Associate Professor of Clinical Informatics and Data Science . 9 November 2022 . Times Higher Education . 8 November 2022.
  8. News: Beamtree (ASX:BMT) partners with CALHN for safer patient care . 4 October 2021 . The Market Herald . 30 September 2021 . 4 October 2021 . https://web.archive.org/web/20211004221206/https://themarketherald.com.au/beamtree-asxbmt-partners-with-calhn-for-safer-patient-care-2021-09-30/ . live .
  9. News: NHS to work with Australian healthcare tech firm Beamtree . 9 November 2022 . Healthcare IT News . 23 March 2022.
  10. News: Beamtree (ASX:BMT) signs A$10.1m RippleDown contract with Ampath . 9 November 2022 . Market Herald . 10 May 2022.
  11. News: Beamtree signs partnership to deploy AI data, decision support solutions in Saudi's public hospitals . 9 November 2022 . Healthcare IT News . 12 October 2022.

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