Sláinte Technologies in good health
Published: 23rd November, 2009 | Category: Press, Press Coverage
Sláinte Technologies, which has its headquarters in Dublin, was established in 2006. It was founded by Andrew Murphy, a former senior manager with Henkel Ireland, and Irish entrepreneur and investor David Nash. Since then, the firm has grown considerably and now employs 31 people across three locations – in Dublin, Manchester and Manila. To date, Sláinte Technologies has raised close to €2 million in funding, from Enterprise Ireland and private investors.
The company’s first product, Claimsure, is an electronic revenue management system for healthcare providers, which cuts the cost of claims processing for both the provider and the insurer. Clients include St James’ Hospital, Galway Clinic, Mount Carmel Medical and the NHS Countess of Chester Trust. Recently, the firm launched its latest product, an electronic forms product called Formsure, at a major international health technology conference in Chicago. The firm has secured a strong sales pipeline from the event, with the assistance of Enterprise Ireland.
On the back of this event, Sláinte is going to make Formsure available in the Canadian health system through a channel partner deal that has been agreed in principle at this event. The company has also been solicited by healthcare providers in a number of US states to make the product available there.
Murphy said the company was also close to finalising two major deals within the Irish health services, which would see the company reach revenues of about €5 million next year. He said he planned to open an office in the US next year. For now the firm’s focus is on English-speaking markets, with Murphy looking ahead to entering the South African, Australian and New Zealand markets in late 2010 or early 2011.
He said the firm wanted to consolidate its position in Britain and focus on entering North America before it attempted to expand into other markets. The company generated revenues of about €450,000 in 2008 and with expects to break even later this year with sales of €1.5 million.