Beamtree (ASX: BMT) and The University of Sydney have announced a five-year collaboration to establish a global centre of excellence in health data research that will support improved patient outcomes and develop next generation data tools and applications.
The Beamtree and University of Sydney collaboration will see the first senior academic appointment in clinical informatics in Australia – the Beamtree Associate Professor of Clinical Informatics.
The appointment will lead a new research team in the Faculty of Medicine and Health at The University of Sydney to innovate in the use of health data so that cutting edge approaches to biomedical informatics and AI can support sustainable, high-quality health care around the world. “This partnership is an international milestone in promoting best use of health data using new analytic methodologies and AI technologies. We are delivering a vital public service mission – continuously innovating in how we can best serve health services around the world with next generation knowledge management,” said Tim Kelsey, CEO of Beamtree.
Beamtree will provide a five-year funding commitment of up to $250,000 per annum to cover costs associated with the position. Beamtree will leverage the partnership to ensure new knowledge arising from the research supports product development and ambitions to improve healthcare outcomes.
This collaboration is a key component of Beamtree’s growth strategy, as it provides the Company with a market advantage through its exclusive commercial application of new academic discoveries. The research and results will be used to support the Company’s ongoing commercial development of the Insights platform and its global benchmarking services.
“We are at the forefront of our industry; establishing global leadership in clinical informatics and working together with the life sciences team at the University of Sydney to set a new standard for data science research in Australia,” Mr Kelsey said. “This research is expected to lead IP development and help us solve one of the key pain points in modern healthcare: how to use data that is already collected to improve outcomes and efficiency.”
Professor Robyn Ward, AM, Executive Dean and Pro Vice-Chancellor, Faculty of Medicine and Health, The University of Sydney, said Beamtree has a strong history with the university sector and a growing body of evidence in the use of data analysis and artificial intelligence.
“The alliance with The University of Sydney is a perfect partnership to ensure we grow this vital area of research and development for Australia, with the capacity to commercialise in ways that maximise positive impacts on health outcomes.”