Orion Health

Last updated

Orion Health Group
Company type Private
IndustryHealth Software, SaaS, Cloud Software
Founded1993
FounderIan McCrae
Headquarters
Auckland
,
New Zealand
Key people
Ian McCrae
Founder and Former Chief Executive Officer
Brad Porter
Current Chief Executive Officer
Sean Church
Current Chief Financial Officer
Number of employees
600+
Website http://www.orionhealth.com

Orion Health is a New Zealand-based global software company that delivers and sells healthcare software. It provides the software for healthcare providers (public healthcare and private healthcare organisations) from integration through to population health management and precision medicine. It has more than 450 customers in 25 countries [1] and over 600 staff globally.

Contents

Overview

The company is involved with the development of Integrated Health Records branded as Integrated Digital Care Records in the British National Health Service. [2] and as Health Information Exchanges (HIEs) in the USA. [3] Its Amadeus software has been praised for its integrative capacity, and the ability to analyse data in real time. [4] [5]

History

The Orion Health headquarters in Auckland, New Zealand 20230121 105534 Orion Health.jpg
The Orion Health headquarters in Auckland, New Zealand

The company founder and former CEO [6] is Ian McCrae. In 2022, Brad Porter was appointed as the current CEO. [7] [8] The company's head office is in Grafton, Auckland, New Zealand. [9] Orion Health was a privately owned company for over 20 years. Orion Health became a public organisation on 26 November 2014 when it listed on the NZX. [10] It has not registered a profit since, and in April 2017 market analysts were suggesting that it was in serious trouble. The company said it was looking for a capital injection from new investors. [11] In February 2018, Orion Health launched a cloud-based Rhapsody integration on Amazon Web Services (AWS). [12] [13] In March 2019 shares were compulsorily acquired by Ian McCrae for $1.224 per share, [14] a large drop from their $5.70 IPO share price causing widespread losses to early investors. Orion Health was then de-listed from the Australian Stock Exchange and the New Zealand Stock Exchange, becoming again a privately held company.

In 2016 Orion Health partnered with the University of Auckland and the Waitemata District Health Board to develop one of New Zealand's largest data science research initiatives called Precision Driven Health [15] In 2017 the Precision Driven Health partnership received the Research and Business Partnership Award at the KiwiNet Research Commercialisation Awards. [16]

In 2019 Orion Health delivered the first Health Information Exchange (HIE) in the Middle East. The system allows health providers to view and store data for more than 50 million people. This is expected to be the "world's largest" HIE containing data from approximately 5,000 private and government healthcare providers. [17]

Locations

Orion Health has been headquartered in Auckland, New Zealand since its 1993 inception, with its current premises opened in 2010. [18] In 2015 Orion Health chose the Scottsdale Airpark area for its North American operations centre. [19]

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References

  1. ↑ "Orion's value tops $1 billion". New Zealand Herald. 27 November 2014. ISSN   1170-0777 . Retrieved 10 January 2017.
  2. ↑ "Sheffield Teaching Hospitals NHS Foundation Trust selects HP to build online portal". Computing. 14 January 2015. Retrieved 16 January 2015.
  3. ↑ "All you need to know about the new £7m electronic record sharing system for patients in Dorset". Bournemouth Echo. 16 April 2017. Retrieved 17 April 2017.
  4. ↑ "Orion Health's precision medicine platform comes to Saint Francis Healthcare Partners". Med City News. 12 April 2017. Retrieved 17 April 2017.
  5. ↑ "Orion Health - Reviews, Rating, Comments, & Trending Data".
  6. ↑ "Mr Ian McCrae | Precision Medicine". www.terrapinn.com. 8 March 2017. Retrieved 9 March 2017.
  7. ↑ "Ian McCrae". Unfiltered. Retrieved 9 March 2017.
  8. ↑ TEDxAuckland. "Ian McCrae – TEDxAuckland". TEDxAuckland. Retrieved 9 March 2017.
  9. ↑ "Prime Minister opens Orion Health's Grafton HQ". Computerworld New Zealand. Retrieved 10 January 2017.
  10. ↑ "Orion shares surge on NZX debut". The National Business Review. 26 November 2014. Retrieved 9 March 2017.
  11. ↑ "Orion Health shares slide following 'unsustainable' warning". Digital Health. 14 April 2017. Retrieved 17 April 2017.
  12. ↑ "Orion Health releases cloud-based Rhapsody Integration Engine with AWS" . Retrieved 5 June 2018.
  13. ↑ "Orion Health offers integration services on AWS". Computerworld New Zealand. Retrieved 5 June 2018.
  14. ↑ "Orion Health Share Buyback Offer". NZX. Retrieved 14 March 2021.
  15. ↑ "$38m precision driven health initiative officially kicks off". 5 October 2016.
  16. ↑ "2017 KiwiNet Research Commercialisation Awards Winners".
  17. ↑ "NZ-based Orion Health to build 'world's largest' HIE for Saudi Arabia". 24 March 2022.
  18. ↑ "Prime Minister opens Orion Health's Grafton HQ". Computerworld New Zealand. Retrieved 6 March 2017.
  19. ↑ "Report: Record job numbers at Scottsdale Airpark". USA TODAY. Retrieved 28 February 2017.
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