Access to healthcare is a given in Australia if you live in a big city. Still, remote living is much more burdensome for our rural neighbours if you have a disability or plan to spend your senior years far away from any civilisation.
To make it possible for people to live out their tree change dreams in good health, healthcare technology company InteliCare (ASX: ICR) has announced its upcoming pilot project with WA Country Health Services to bring smart solutions to elderly and disabled people who choose to live independently in remote areas.
WA County Health Services comprises a network of public hospitals, health services and nursing posts that service rural areas and small towns across Western Australia. The pilot program aims to support elderly and disabled individuals to live independently and provide them with a non-intrusive system to monitor their safety and well-being.
The program will utilise InteliCare’s proprietary platform, InteliLiving, which offers in-home sensor technology and artificial intelligence to detect falls, monitor vitals and create emergency alerts.
The platform, accessible through mobile or desktop, will continuously monitor residents with discrete sensors and health devices to provide a wealth of well-being intelligence and insights into a patient.
WA Country Health Services will monitor insights generated from the technology to proactively detect and respond to emergencies promptly, allowing for a peaceful lifestyle but providing direct access in the case of emergencies.
A formal evaluation process will take place over 12 months to determine the success rate of the pilot program to provide a proof-of-concept (PoC) that InteliCare’s product can improve the health and well-being of rural residents.
The program, valued at $101,691, will have 60% awarded to InteliCare for the initial stage of project commencement. WA Country Health Services will grant the remaining 40% once InteliCare has progressed through milestones that have been pre-determined by both parties.
“InteliCare has previously worked with WA County Health Service with a $500,000 grant in 2017. We are excited to work with the organisation again and to me, this reaffirms the innovative and valuable work we are achieving for our partners. It is our goal that the success of the PoC will be recognised and even expanded, with the aim of providing Australians living in rural areas greater independence and data-driven care,” said former InteliCare CEO, Jason Waller who is kindly still offering quotes for InteliCare announcements despite Daniel Pilbrow being appointed to the role in April 2022.
For the quarter ended 31 March 2022, InteliCare saw softer sales which were attributed to seasonal downturns that produced revenue of $180K, down from the $340K reported in the previous quarter. These results are not the end of the world, as sales are still 300% above the same period in 2021 while the Company still had $3.1 million in cash at the end of March while currently trading with a market cap of $4.7m courtesy of a cashburn initiative that reduced expenses by 32% in the March quarter.
Fortunately for the Company, its technology has potential far past the scope of rural health and can enhance the well-being of aged care seniors everywhere where it can reduce the resources needed for in depth analysis of an individual’s health.
Trading Desk Assistant at Emerald Financial
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