Hospital of Vestfold to join Induct Healthcare Network in Norway

OSLO, NORWAY – August 24, 2016
Induct AS has signed an agreement with the Hospital of Vestfold (‘Sykehuset i Vestfold HF’), which is a part of Southern and Eastern Norway Regional Health Authority (“Helse Sør-Øst”).  The Authority operates nine hospital trusts and five private hospitals, and supplies healthcare for more than half of Norway’s population.

Helse Sør-Øst is the largest Regional Health Authority in Norway. Induct is enabling hospitals and health organizations to better capture, process, and manage ideas, best practices, and improvements from employees, patients, relatives, and other stakeholders. Sykehuset i Vestfold HF, which employs 4,000 and serves a population of 220,000, will be part of the large Induct network where health organizations share ideas and successful innovations across similar challenges.

Induct has during the last year signed 14 of the 26 Health Authorities in Norway. In addition, Oslo University Hospital HF has been a client and partner since 2011, meaning the current numbers of healthcare clients in Norway is 15. These sales include one product module of the Induct platform, the ‘Innovation Management’ module. Induct also work with these clients to develop additional product modules to support other business processes.

In addition, most Health Authorities include several hospitals and clinics. Estimated to 65 in total, all of which represent potential for individual use of the Induct platform and modules.

“Induct’s healthcare network is now creating large amounts of documented improvements which is shared across the network. The network enables healthcare workers at every level to find and adopt solutions that other hospitals have successfully implemented to solve similar challenges. Our ambition is to become the ‘yellow pages’ for documented and shared successes within network economies.” says Alf Martin Johansen, CEO of Induct.  “It is also very encouraging to see the strong adoption in our home market Norway, with regard to the experience we can leverage to strengthen the position we now are building in much larger markets, such as Spain and the United Kingdom”

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35       

About Induct
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

Induct: “Connecting Innovation Communities™”

Posted on August 24, 2016 and filed under Company news, Stock announcements.