Oneview Healthcare signs six new hospital deals
Key points
- Oneview Healthcare signed six new healthcare organisations in the September quarter, driven by its new Bedside Hub TV product.
- Cash reserves dropped to $3.9 million by quarter-end before rebounding to $6.7 million in October following late subscription payments.
- The company stated that it now expects to add eight to 10 new customer organisations across the full year.
Oneview Healthcare (ASX:ONE) achieved its strongest quarter for new customer additions after signing six healthcare organisations in the three months to September.
The quarterly performance compares favourably with the company's internal expectations, meeting its second-half target for Bedside Hub sign-ups in just one quarter.
"Our first Bedside Hub customer wins represent an important milestone in establishing a new and potentially scalable revenue channel for Oneview," said Oneview Healthcare CEO James Fitter.
The initial Bedside Hub deployments cover four health systems operating nearly 5,000 beds, while net operating cash outflow increased to $7.6 million due to receipt timing.
The company stated that the new agreements provide opportunities for future expansion across the customer base.
Following the announcement, the Oneview Healthcare share price was unchanged at $0.13.
The business develops healthcare technology solutions that integrate cloud-based software with hospital hardware to streamline patient care and entertainment systems.
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