KUALA LUMPUR, 12 AUGUST 2009 Despite the continuing economic downturn, Malaysian ICT solutions firm Kompakar expects 30 per cent revenue growth in the next three years from its latest healthcare solution.
Ahmad Azlan bin Abd Aziz, chief executive officer of Kompakar's healthcare unit -- Kompakar eHealth said that the firm's total hospital information system, called Fisicien, would be the growth engine for its emerging healthcare business.
Kompakar has created a sizeable niche in the local healthcare market and this year, we are looking at expanding our presence and revenue with the launch of the latest series of Fisicien, said Azlan.
He said that there was tremendous market potential for Fisicien because rising healthcare costs, demand for better quality of healthcare delivery, and better patient care are driving increased IT spending by healthcare providers.
Government and private healthcare
Kompakar eHealth serves various government and private healthcare providers in Malaysia, including Hospital Putrajaya and the Pantai Group of Hospitals.
In March 2009, Fisicien was implemented at the University Malaysia Sarawak Health Centre. Its current portfolio includes 1,000 clients ranging from Forbes Global 2000 companies to mid-and- small-sized companies from varied industries and has established strong presence in China & Hong Kong, Singapore, and Thailand.
Azlan said: According to Frost & Sullivan, the healthcare technology market earned revenues of more than US$5 billion in 2008 and this is estimated to reach US$10 billion in 2012.
The new Fisicien reflects Kompakar ongoing commitment to equip healthcare providers with powerful tools to optimize every aspect of their operations.
Despite the economic slump, healthcare organisations are stepping up their investments in IT solutions to help lower medical errors and management costs in the longer term, Azlan said. For example, in Southeast Asia, hospitals have implemented basic information systems. They are now focusing on adopting clinical information systems and electronic medical records.
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