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ALC, ALCIDION GROUP LIMITED
nipper
post Posted: Jul 11 2019, 02:29 PM
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Haven't visited ALC for nearly two years, and there it was, bumbling along, then suddenly, in April some traction, moving away from the 4c holding pattern to hit 18c recently
QUOTE
• Increased spending on digital patient data has led to a decrease in productivity
• Clinical risk and avoidable errors remain a major issue ... 1 in 9 Australian patients will develop a hospital acquired complication
• Government and funders are moving towards penalising hospitals for errors or complications which lead to further hospitalisation
• Disparate IT systems, poor analysis and communication of clinical information exacerbate the problem

Similar to the newly listed PKS (with its " proprietary subscription based Clinical Decision Support system "), it claims to be "Best of Breed" and is winning work around the hospital systems :
QUOTE
Alcidion Group Limited (ALC) is health Informatics Company which provides intelligent informatics solution for healthcare and clinicians as decision support tools. The company's Miya Platform, a CDSS product suite currently comprises: Miya Patient Flow, Miya ED, Miya Clinic, ICVIS and Miya order.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 6 2017, 09:59 AM
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QUOTE
Alcidion has converted the MoU to utilise the company's technology across public hospital facilities in the western suburbs
of Melbourne (Footscray, Sunshine & Williamstown Hospitals and the Sunbury day facility) into a contract, under the same material terms as described in the MoU.

The Miya platform provides all the necessary data to best manage patient care, from the reception of the patient (Emergency Department or elective admissions) through the hospital wards and specialist clinical areas, through to discharge. Clinicians can access individual patient information on mobile devices at the point of care, on computer work stations distributed across the hospitals, and on large format digital displays in shared work areas.

Multiple Apple iPads are deployed in every ward and clinical service area thus saving clinicians and care team members valuable time in their patient care interactions. This data access includes clinical information such as pathology and radiology results as well as access to clinical documentation. Furthermore, the platform identifies emerging clinical risk and highlights "at risk" patients to the clinicians.

In the Emergency Department, clinical staff can quickly identify those patients nearing the National Emergency Access Target (NEAT) and plan care accordingly.

The patient flow component of Alcidion's solution provides an overview of capacity and demand at both the ward and unit level, providing real time information about open and available beds, patients coming in (together with the admission source) and potential and confirmed ward discharges.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 7 2017, 08:48 AM
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ALC today announced that it has signed an agreement with the Little Company of Mary Health Care (Calvary) to assist the organisation with streamlining clinical coding and patient data across their facilities.

Under the agreement, Alcidion Group Limited will provide analytical services to scope opportunities for improved clinical coding and configure its Miya Platform as a Data Lake, enabling Calvary to consolidate data from various Clinical and Non-Clinical IT systems.

- 15 hospitals, 15 age care facilities



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 9 2016, 11:27 AM
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Alcidion pushed through 10c today. Been watching all these data driven eHealth stocks, wondering which had substance. There does seem to be a large number of them.

Main screen would have to be that no patient dies, as a result of moving to such a system. But, as the ALC presentation states, after cardio and cancer related deaths, negligence or improper or poorly timed interventions are the third largest cause of patients dying. Getting the right system is critical.

Only worrying other factoid is the slow rate of conversion to their system. Very sluggish, having to make representations to each and every hospital administrator



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 27 2016, 12:49 PM
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Alcidion Group Limited (ALC) presented at the TechKnow Invest Roadshow in Melbourne, Sydney and Brisbane last week, 18 , 20 and 21 October 2016. The recording of the presentation can be viewed on the Alcidion website:
http://www.alcidion.com.au/techknow-invest...ow-october-2016
QUOTE
Alcidion had a successful week at the TechKnow conference and with over 600 investors in attendance, Executive Director Mr. Nathan Buzza and Non-Executive Director Mr. Brian Leedman were busy educating potential investors about the company.
Mr. Buzza presented on behalf of Alcidion. Alcidion also presented to over thirty individual investors, over the same time period.

The TechKnow Invest Roadshow is an investor focused technology event, that introduces technology companies operating in an innovative space to investors and stockbrokers.
must have impressed someone - new highs with a further 10% put on today



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 3 2016, 02:51 PM
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With the strong position afforded by the Company's financial, technological and corporate achievements of 2016, Alcidion is poised to target the following milestones by 30 June 2017:

• Preparation for our planned North American expansion in 2018.
• Deployment of cloud based, low cost, product modules.
• Establish reference customers in each state in Australia and New Zealand.
• Engage Private Hospital Groups in Australia and New Zealand.
• Forge Strategic Partnerships with healthcare technology partners




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Aug 31 2016, 09:16 AM
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In Reply To: nipper's post @ Aug 1 2016, 02:43 PM

As part of the RTO of ALC, the old Narracouta Resources NRR Raised $2.00m through a full form prospectus and the issue of 64.52m shares at 3.10c per share. ● Since Alcidion listed on the ASX, the following reflects the shareholder movement:
– Of the 400m shares issued to the Alcidion shareholders, no shares have been divested. (foundation investors)
– Of the 64m shares issued under the prospectus, 54m shares have been divested. (disappointed stags)
– Of the 138m shares owned by NRR shareholders, 73m shares have been divested (exit opportunity for those who wanted out)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 1 2016, 02:43 PM
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In Reply To: nipper's post @ Mar 1 2016, 03:41 PM

I ran the Alcidion presentation of ALC.ASX - 26Jul 08:27:08 Professor Malcolm Pradhan presentation at Health Informatics past a Maths grad, hoping for some clarity. The response was as expected - IE not too much
QUOTE
Most of that presentation is standard talk about modern data science / machine learning. "Deep learning" is a bit of a buzzword and doesn't mean terribly much, but usually refers to a particular subset of machine learning algorithms.

There's some talk in there of the usual Theano / Keras software packages being used. Most suspect aspect of that presentation is the lack of talk about the relevant data collection (what data do they use, how do they collect it, and how does it scale?), and the scalability of the technology used - e.g. by using cloud services.

I think it's important to be skeptical about a lot of new "big data" or "machine learning" solutions and proposals, because it's a real bubble industry.

A really great quote I learned the other day: "Machine learning is like money laundering for assumptions" - the point being that any statistical model has underlying bias because of human error or assumptions about what we expect to get out of the model - and machine learning is just a fancy statistical model with way more gears and cogs than usual




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: madabout  
 
nipper
post Posted: Mar 1 2016, 03:41 PM
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In Reply To: nipper's post @ Mar 1 2016, 02:27 PM

and, if interested in eHealth in all its glorious manifestations, on p.41 of the ALC Investor Presentation of 26 Feb, is a list of peer Aust listed stocks - looks at Revenue, EBITDA and Market Cap: (note, hard to compare apples / oranges ... & some could even be lemons)

Global Health - GLH
Uscom - UCM
Resonance Health - RHT
Cogstate - CGS
Respiri (iSonea) - RSH
Analytica - ALT
Brain Resource - BRC
RespApp Health - RAP
MedTech Global - MDG
3D Medical - 3DM



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 1 2016, 02:27 PM
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Posts: 5,747
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Alcidion (ALC), commenced trading on the ASX yesterday.

Alcidion provides hospital informatics software that alerts clinicians to emerging clinical risk and streamlines the delivery of care. The business has deployed its clinical decision support software at 11 large tertiary hospitals throughout Australia.


It was spun out from
the Blue Sky Private Equity portfolio, and now
QUOTE
Alcidion will have the funding to accelerate the roll out of its products across the Australian market (more than 1,000 hospitals), as well as launching its business in the US.

The US market is a significant opportunity for Alcidion, given the introduction of the Patient Protection & Affordable Care Act 2010 ("Obamacare") requires US hospitals to accelerate the adoption of Electronic Medical Records.

Alcidion is a leading supplier of these systems in Australia and will now be able to expand its operations into the US. The global market for Alcidion's products is currently growing at more than 20% p.a. and is expected to reach US$4.7 billion by 2018
.





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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