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Bullboard - Stock Discussion Forum Think Research Corporation V.THNK

Think Research Corporation is a Canada-based company that offers digital health software solutions. It is a provider of cloud-based data, knowledge, and software solutions primarily delivered as software-as-a-service (SaaS) to healthcare delivery systems and the practitioners that they support. Its operations are organized into three lines of business: Software and Data Solutions, Clinical... see more

TSXV:THNK - Post Discussion

Think Research Corporation > Big Telus Health win = More Reasons for them To Buy THNK
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Post by dt_core on Mar 05, 2024 10:43am

Big Telus Health win = More Reasons for them To Buy THNK

Telus Health is growing very rapidly and acquiring a new vertical like THNKs SaaS business is very strategically aligned.

As an aside, RCM is a really interesting area and I believe CloudMD (DOC:TSXV) was expected to win or at least be competitive for the Ontario bid. Looks like Telus Health managed to win outright. 

TELUS Health selected to provide Remote Care Management program in Ontario Franais


NEWS PROVIDED BY

TELUS Health 

Mar 05, 2024, 07:00 ET


State-of-the-art solution equips health practitioners with tools to actively monitor patients from a distance over time, resulting in early detection and quick intervention for patients, reduced hospital admissions and improved outcomes. TELUS Health will establish the largest single remote patient monitoring implementation in Canada


TORONTOMarch 5, 2024 /CNW/ - TELUS Health announced today it has been selected to provide a Remote Care Management (RCM) solution in Ontario, a state-of-the-art solution to equip health practitioners with tools to actively monitor patients from a distance over time. Following the completion of a competitive bid process for an RCM solution, Ontario Health awarded the contract to TELUS Health.

TELUS Health will ensure the implementation of clinical best practices as determined by Ontario Health and ensure seamless integration and the highest standards in privacy and security. Once implemented, the program's tool will result in early detection of patients in need of quick intervention, reduced hospital admissions and improved patient outcomes.

"In consultation with Ontario Health, TELUS Health will create a standardized remote patient monitoring solution that aligns with our shared commitment to advancing access to healthcare services across Ontario," said Martin Blanger, Managing Director, Payor and Provider Solutions, TELUS Health.

"As Canada's largest digital health provider, TELUS Health is uniquely positioned to deliver a comprehensive and scalable program that is consistent and efficient, offering improved health outcomes for both patients and clinicians."

Built on the success of similar initiatives in British ColumbiaManitoba and Saskatchewan, the  solution is expected to launch later this year. It will enhance and expand the delivery of care to patients in Ontario both within their community and from the comfort of their own homes, helping to address some of the challenges faced by the province's acute care system.

TELUS Health has made numerous contributions to the province of Ontario, with a reputation for providing market-leading Electronic Medical Record (EMR) systems in primary care. Beyond technology, TELUS has made a significant impact through its innovative TELUS Health for Good Mobile Clinics, which provide vital primary health care and mental health support to individuals experiencing homelessness in Ontario. Collaborating with organizations like Parkdale Queen West CHC, Sanguen, CMHA Peel Dufferin, REACH Niagara, and Ottawa Inner City Health, TELUS Health has facilitated an impressive 200,000 patient visits and counting. With an unwavering commitment to community engagement and accessible healthcare, TELUS Health continues to make a meaningful difference in the lives of people across Ontario.

About TELUS Health

TELUS Health is a global healthcare leader providing comprehensive primary and preventive care services and solutions to improve physical, mental and financial wellbeing for employees and families worldwide. With our advanced technology and dedicated team members, including more than 100,000 compassionate health professionals, we are covering nearly 70 million lives in 160 countries. We are on a mission to become the most trusted wellbeing company in the world by building the healthiest communities and workplaces on the planet through simplifying access to care and improving the flow of information between care providers, insurers, employers and individuals. For more information please visit: www.telushealth.com.

Comment by blackbird on Mar 06, 2024 8:37pm
If Telius Health was selected to provide remote care programs in Ontario,then why did Cloudmd just get to provide all the hospitals in Ottawa just this week?!!
Comment by horseshoefalls on Mar 06, 2024 9:26pm
Is the Telus Health deal not for remote patient monitoring and the CloudMD services for hospital employees? That's my understanding.
Comment by blackbird on Mar 07, 2024 6:13am
Are not Ottawa hospital emploees considered "remote patient "monitoring? " In Ontario,is not "anyone " that recieves help online"considered "remote patient monitorong?.
Comment by horseshoefalls on Mar 07, 2024 6:50am
Doesn't that fall under employee assistance programs? It's still a bug win because the hospital could've just gone with Telus health as well who just had an acquisition in that space. 
Comment by dt_core on Mar 07, 2024 7:14am
I'm by no means an expert on the decision making authority throughout the health network, but Ontario Health generally sets guidelines that members typically follow. Also Ottawa Hospital is a teaching institution affiliated with the Unniversity of Ottawa. Having said that I think horseshoefalls is correct in the difference highlighted between the Telus mandate and that of CloudMD. The Ottawa ...more  
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