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medworxx solutions inc (MWX) Snapshot

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medworxx solutions inc (MWX) Details

Medworxx Solutions Inc. provides health information technology solutions to hospitals in Canada, the United States, and the United Kingdom. It develops and sells technologies that are used to assist health care practitioners’ abilities to communicate, aggregate, and analyze knowledge. The company provides Medworxx patient flow software to streamline patient flow and safeguard the appropriateness of care and transitions; and Medworxx compliance and education solutions enable healthcare organizations to create and deploy relevant content. It also offers maintenance and hosting services, and consulting services. The company was founded in 2004 and is headquartered in Toronto, Canada.

Founded in 2004

medworxx solutions inc (MWX) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$242.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$169.0K
Senior Vice President of Sales
Total Annual Compensation: C$117.8K
Vice President of Product Development & Servi...
Total Annual Compensation: C$157.0K
Vice President of Decision Support & Healthca...
Total Annual Compensation: C$111.0K
Compensation as of Fiscal Year 2012.

medworxx solutions inc (MWX) Key Developments

Medworxx Solutions Inc Reports Consolidated Revenue Results for the Year Ended December 31, 2013

Medworxx Solutions Inc. reported consolidated revenue results for the year ended December 31, 2013. For the period, the company reported annualized contract value of recurring revenue at December 31, 2013 was $4.8 million as compared to $4.4 million at December 31, 2012, an increase of 9.0%. Revenue for the year ended December 31, 2013 was $5,927,790, representing a decrease of 2.4% over revenues of $6,071,224 in the same period last year. Revenue from the patient flow platform for the year ended December 31, 2013 increased to $4,068,962 from revenues of $3,410,872 for the year ended December 31, 2012, an increase of $658,090 representing growth of 19.3%. Revenue from the Compliance and Education Platform for the year ended December 31, 2013 decreased to $1,786,779 from revenues of $2,463,080 for the year ended December 31, 2012, a decrease of $676,300 representing a decline of 27.5% (mostly due to a $757,064 sale of a worldwide, non--exclusive, non--transferrable license of the Policy and Document Management Software to a major US software company in third quarter of 2012). Excluding the one-time $757,064 sale, the Compliance and Education Platform increased by 4.7% over the same period last year.

William Osler Health System Adopts Medworxx Patient Flow Solution to Improve Patient Flow Across its Two Hospital Sites

Medworxx Solutions Inc. announced that William Osler Health System (Osler) has selected the Medworxx Patient Flow Platform to improve patient flow across its two hospital sites. Osler will implement the Medworxx Clinical Criteria module for 849 patient beds at Brampton Civic Hospital and Etobicoke General Hospital. To support its vision of patient-inspired health care without boundaries, Osler will introduce the Medworxx Clinical Criteria module to help monitor, plan and implement processes to improve inpatient resource utilization. The Medworxx Clinical Criteria module will enable the hospital to identify the clinical appropriateness of each patient's level of care, each day, and will provide clinicians with the ability to match patients with the right level of care, at the right time and in the most appropriate setting. The Medworxx solution combines a unique methodology, process, communication, technology, and clinical information as a decision support tool for all levels of an organization. All Medworxx Patient Flow modules are in real-time, enabling staff to make evidence-based decisions quickly. The Medworxx Patient Flow Platform provides hospitals with tools to bridge clinical and operational perspectives on daily patient flow optimal for health care systems addressing issues of overcapacity, wait times and care coordination.

Medworxx and Leidos Health Announce Partnership

Medworxx Solutions Inc. announced a partnership with Leidos Health, which formalizes their agreement to leverage each organization's global expertise in patient flow optimization. Medworxx and Leidos Health began working together in 2012 on a province-wide implementation of the Medworxx Patient Flow Platform for Alberta Health Services. With 8000 licensed beds, AHS was the first provincial, fully integrated health system in Canada. The success of the AHS implementation, which is contributing to significant benefits and cost savings for AHS, prompted Medworxx and Leidos to continue to pursue opportunities to assist healthcare providers in the area of patient flow performance and analytics. The two organizations collaborated to research and present: a provincial approach to how patient flow is reducing conservable days and saving costs in the province of Alberta.


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