Q4 FY15 BUSINESS UPDATE ANNOUNCEMENT:
Orion Health Group Limited (OHE)
28 April 2015, Auckland
Orion Health Group Limited (Orion Health), a global leader in healthcare software and services, will have a
business update conference call for investors at 11am NZST on 28 April 2015.
This business update will cover:

1.

FY15 Unaudited Operating Revenue

Orion Health today announces its unaudited operating revenue for the year ended 31 March 2015 (FY15).
Unaudited FY15 operating revenue was $164 million up 7% from $153 million in FY14.
All regions experienced growth for the year except for North America. As expected and previously
noted, revenue in this region was constrained by the execution of our strategy to transition from perpetual
licences to subscription revenue and a delay in contract closures.
Full details will be provided in the annual results announcement on 26 May 2015.

2.

March 2015 Annualised Recurring Revenue

The transition to increased levels of recurring revenue is a key driver of our business model.
As at 31 March 2015 our Annualised Recurring Revenue was $63 million compared to $44 million at 31
March 2014, an increase of 43%.

3.

Q4 Cash Flow

accordance with ASX listing rules. As at 31 March 2015 Orion Health had cash and short-term deposits

receipts are typical for Orion Health due to lumpiness of contract revenues and seasonal factors and

Software Release at HIMSS 2015
In April 2015, Orion Health publicly launched and demonstrated its Amadeus Big Data Engine together
with a range of new products and new versions of its software solutions at the largest global healthcare IT
conference (HIMSS) in Chicago.
Of particular note were:
a) Open Platform – The evolution of our platform outlined in the IPO documentation, the Open
Platform (powered by our Amadeus Big Data Engine) integrates large volumes of payer (claims),
provider, and other health data and is attracting a great deal of attention from the payer market. Our

b)

Clinical

Suite, part of Orion Health Coordinate

pathways and referrals.
c) Amadeus Analytics – An evolution of our Analytics offering outlined in the IPO documentation,
Amadeus Analytics integrates in real time with our Amadeus Big Data Engine.
d) Allegro – A new application providing secure messaging and chat between patients, doctors and
other healthcare providers.

 Q4 FY15 BUSINESS UPDATE ANNOUNCEMENT:
Orion Health Group Limited (OHE)
28 April 2015, Auckland

These and other Orion Health products generated substantial interest at the HIMSS conference. Analyst and
industry feedback has been that the Amadeus Big Data Engine appeared to be unique and industry leading.

5.

North American Performance

Q4 was a challenging period for Orion Health’s North American Operating Revenue, as we continued
the transition from a perpetual licence model to a subscription model. There is strong interest in Orion
Health’s Healthier Populations solutions from North American Payer (insurance) and healthcare provider
organisations. In Q4 we executed a contract with a prestigious Integrated Clinical Network to deploy our
Healthier Populations solution and we are now seeing market procurement activity returning to historical

There is emerging opportunity created by the recently announced Centers for Medicare and Medicaid
Services (CMS) Chronic Care Management (CCM) Reimbursement programme, which Orion Health is
pursuing in collaboration with Qualcomm.

6.

Rest of World Performance

quarter. In particular, the United Kingdom business has enjoyed a strong run of contracting activity with
National Health Service Trusts and Clinical Commissioning Groups.

7.

Business Improvement Initiatives

Orion Health has commenced a number of ongoing initiatives to increase service capacity and reduce
overhead costs. One of the key initiatives is investment in Implementation Services and Managed Services
execution capability, which includes global standardisation of the company’s approach to its Software as a
Service (SaaS) delivery model.

Conference Call Details:

Webcast Details:

Toll Free Number: 0800 452 782
If calling from outside New Zealand: +64 9 887 6907
Conference ID: 2995 6622

http://www.openbriefing.com/OB/1779.aspx

Please note that it may take five to ten minutes
for the moderator to take your details and place
you into the call

Contact:
Bridget Snelling
Investor Relations Manager
bridget.snelling@orionhealth.com

Audience members may arrive 15 minutes
prior to the event start time.
Please note that you will not be able to ask
questions via the webcast