Healthcare software specialist InteliCare Holdings (ASX: ICR) has entered into a non-binding Heads of Agreement (HoA) with JNC Technologies Group Holdings (JNC) as a precursor to a binding reseller agreement.
InteliCare is commercialising its proprietary AI driven InteliCare platform in the aged, disability and health care sectors.
JNC is a software business specialising in data aggregation and building software and algorithms to address specific industry challenges in the aged care and NDIS sectors. It has a number of market leading software solutions in the aged care sector specifically focused on governance, risk and compliance, aged care quality standards, and aged care consumer care environments.
The HoA provides a commercial framework through a reseller agreement for JNC to integrate InteliCare with its Habitat+ platform and then into JNC’s ADIQAT platform. Leveraging InteliCare and JNC’s well-established market presence in the aged care industry, Habitat + (powered by InteliCare) will be collaboratively offered into JNC’s network.
With the aged care sector currently faced with considerable regulatory and funding reform, increasing compliance requirements and ongoing challenges to recruit and retain the right workforce, this working together of InteliCare and JNC is very well timed to support aged care providers in responding to these changes.
JNC has already identified multiple aged care providers for which it is intended InteliCare will be deployed. Following this initial deployment phase and arranging the reseller approach for optimum results between all parties, a number of further opportunities have already been identified to further leverage InteliCare by JNC in 2024 and beyond.
Whilst the HOA is non-binding in nature and therefore no certainty can be provided at this point to a successful deployment or the financial impact on InteliCare, the opportunity to work with JNC to pursue these commercial opportunities is strategically material as it validates both the value proposition of InteliCare as well as the commercialisation strategy being undertaken by the Company. Both parties are now moving as quickly as possible to finalise a binding agreement in order to offer this solution to suitable customers in JNC’s customer network.
JNC is an ideal corporate partner for InteliCare as we seek to execute our commercialisation strategy. One element of the strategy is to seek strong commercial partners,” Daniel Pilbrow, InteliCare CEO, said.
“JNC has a very strong network in the aged care industry with customers seeking monitoring and predicative analytics solutions to deliver proactive care within their communities. Pleasingly after reviewing market options and even considering developing a platform themselves, JNC elected to enter into a reseller agreement with InteliCare demonstrating the value proposition of the InteliCare platform.