REG - Induction Healthcare - Induction Attend Anywhere wins DWP contract

Induction HealthcareAnnouncement

09/11/2021 07:00

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RNS Number : 7243R  Induction Healthcare Group PLC   09 November 2021

Induction Healthcare Group PLC

("Induction", the "Company", or the "Group")

 

Induction Attend Anywhere wins DWP contract

Induction Attend Anywhere to provide video conferencing to virtualise parts of
the UK benefits system

 

Induction (AIM: INHC), a leading virtual care platform driving digital
transformation of healthcare systems worldwide, announces that a two-year
contract has been awarded by the Department of Work and Pensions ("DWP") to
Induction's partner Involve Visual Collaboration Limited ("Involve"), a UK
video specialist, to provide communications services to support the
virtualisation of the UK benefits system. The contract includes options for
the DWP to extend the agreement term for up to a further two years.

 

As part of this significant contract, Induction will supply DWP with its
web-based video consultation platform, Induction Attend Anywhere, allowing
members of the public to hold a video consultation with DWP assessors in
relation to their financial support needs as an alternative to a face-to-face
meeting.

 

The contract value to Involve is up to £3.95m for the initial two years,
totalling up to £7.79m for the full four years.

The contract value to Induction is up to £2.6m for the initial two years,
based on usage, totalling up to a maximum of £5.2m for the full four years,
assuming the contract is extended for the additional two years. There will be
a small contribution of around £150K to the Group's revenue in the current
financial year.

 

This is Induction's first major contract outside of the healthcare sector,
underlining the expansion potential for Induction Attend Anywhere and other
Induction systems.

 

Induction Attend Anywhere will be used by DWP as part of its Strategic Digital
Video Project to virtualise key business units within the department. It will
be used to connect with claimants and will allow DWP the option to manage its
assessments virtually as well as providing recording capabilities across all
departments including Personal Independent Payments, Universal Credit,
Industrial Industries Disablement Benefit, Employment & Support Allowance,
Fraud and other key business units.

 

Video specialist Involve is the sole UK sales partner of Induction Attend
Anywhere and has over 30 years of experience delivering best in class audio
visual and collaboration solutions across healthcare, corporate, legal and
public sector markets. Involve partnered with Attend Anywhere in 2020 and
already jointly supply video consultations to several UK and European
organisations including the MoD and the Health Service Executive in Ireland,
supporting over 300,000 virtual consultations lasting over 10,000,000 minutes.

 

The Induction Attend Anywhere platform was chosen from a shortlist of
providers and the contract award follows a competitive process. The contract
was awarded through Crown Commercial Service's G-Cloud 12 framework. Crown
Commercial Service supports the public sector to achieve maximum commercial
value when procuring common goods and services. The Board understands that in
2020/21 Crown Commercial Service helped the public sector to achieve
commercial benefits equal to £2.04 billion(1) - supporting world-class public
services that offer best value for taxpayers.

 

Investor Presentation

James Balmain, Chief Executive Officer, will be hosting a live online
presentation relating to this contract win via the Investor Meet Company
platform at 4.30pm (GMT) on Wednesday 17 November 2021. The presentation is
open to all existing and potential shareholders.

 

Investors can sign up to Investor Meet Company for free and register for the
presentation here:

https://www.investormeetcompany.com/induction-healthcare-group-plc/register-investor
(https://www.investormeetcompany.com/induction-healthcare-group-plc/register-investor)
 

 

Mick Roach, Director of Strategic Health Alliances at Involve, commented: "We
are delighted to continue our close partnership with Induction and Attend
Anywhere to support the growth of our virtual service. Induction Attend
Anywhere will be used by DWP to connect with members of the public. As the
pandemic has driven the demand for virtual meetings, Involve are proud to have
played a key role is supporting Induction Attend Anywhere in gaining traction
across the UK with its cloud based platform that saves both time and resources
as well as offering increased flexibility for our customers and anyone who
needs to interact with them."

 

James Balmain, Chief Executive Officer of Induction, commented: "This is our
first major contract outside of the healthcare space and exemplifies the
versatility of Induction's platforms as we look to expand from the secondary
healthcare market. We are pleased to be working alongside Involve to support
DWP's virtualisation of the UK benefits system and hope that this will be a
strong driver in the recognition of Induction's platforms as an adaptable
solution as we continue to build on our strong sales momentum."

 

(1)
https://www.crowncommercial.gov.uk/news/rising-to-the-challenge-ccs-publishes-its-annual-report-and-accounts-2020-21
(https://www.crowncommercial.gov.uk/news/rising-to-the-challenge-ccs-publishes-its-annual-report-and-accounts-2020-21)

 

ENQUIRIES

 

 Induction                                              Via Walbrook PR Ltd: induction@walbrookpr.com

 James Balmain, Chief Executive Officer

 Dr Hugo Stephenson, Group Executive Director

 Singer Capital Markets (Nominated Adviser and Broker)  +44 (0) 20 7496 3000
 Philip Davies / Kailey Aliyar

 Walbrook PR Ltd                                        induction@walbrookpr.com
 Paul McManus / Alice Woodings                          Mob: +44(0)7980 541 893 / +44 (0)7407 804 654

 

About Induction -  www.inductionhealthcare.com
(http://www.inductionhealthcare.com)

 

Induction (AIM: INHC) is a leading virtual care platform driving digital
transformation of healthcare systems worldwide. Induction solutions enhance
the investments hospitals have made and lay the foundation for their future.
Our products can enable information sharing between busy doctors, alleviate
operational burdens on hospitals or put patients in better control of their
care, all while ensuring the highest standards of clinical safety and
information security. We unchain staff and patients from the limitations of
paper-based and desktop systems, creating substantial time and cost
efficiencies.

 

More than 225,000 hospital doctors across multiple territories, including the
UK, Ireland, Australia and South Africa, as well as a rapidly growing number
of more than 300,000 UK patients, choose Induction solutions.

 

Induction Switch is the number one healthcare collaboration app in the UK,
used by the majority of hospital doctors within the NHS. The app helps to
increase productivity and enhance communication by securely sharing phone
numbers and bleeps, bookmarks, documents and messages in a clinical setting.

 

Induction Guidance provides medical organisations, including most hospital
trusts within the NHS, with the ability to collaboratively create, edit, and
publish their own local medical guidelines in a secure and locally
administrated environment. This increases knowledge of, and adherence to,
guidance.

 

Induction Zesty is a market-leading digital platform for patients visiting
hospitals. The platform allows patients to book and access their appointments,
read their clinical letters, store a copy of their clinical record and provide
data to their care teams remotely. It is not just a compelling patient
experience, but also delivers significant cost benefits to hospitals.

 

Induction Attend Anywhere is the UK market leader in secondary care video
consultations. It helps hospitals, health systems and other customers offer
video consultations to patients and service users as a normal part of
day-to-day clinical activity. Our vision is for video consultations to improve
lives and help address social, access, equity and sustainability challenges by
allowing healthcare providers to determine how and when they see a patient
based on each individual case: in-person, via video or on the telephone.

 

Induction HealthStream is a proprietary data integration platform that reads
and writes patient demographic, appointment and clinical record data between a
growing number of hospital EHR systems and the Induction platforms. This
connectivity between stakeholders and legacy IT systems adds substantial value
to pre-existing health IT investment and allows large-scale adoption of
Induction app-based services.

 

 

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