Beamtree Lands $1m Clinical Coding Audit Deal with Singapore MoH
Beamtree Holdings has landed a $1 million contract with Singapore’s Ministry of Health to audit clinical coding across 20 hospitals, leveraging its AI-driven software platforms. This win underscores Beamtree’s growing international footprint in healthcare data quality.
- Awarded $1 million contract by Singapore Ministry of Health
- Clinical coding audit across 20 public and private hospitals
- Project starts immediately, completes by Q3 FY26
- Utilizes proprietary PICQ® and RISQ™ software platforms
- Expected $1 million revenue contribution and $0.5 million working capital impact
Beamtree’s Expansion into Singapore Healthcare
Beamtree Holdings Limited (ASX – BMT), an established player in AI-powered healthcare decision support, has secured a significant contract with the Singapore Ministry of Health. Valued at $1 million, the contract involves conducting a comprehensive clinical coding and documentation audit across 20 public and private hospitals in Singapore. This marks a notable expansion of Beamtree’s footprint in the Asia-Pacific healthcare market.
Leveraging Proven Technology and Expertise
The audit will deploy Beamtree’s proprietary software platforms, PICQ® (Performance Indicators for Coding Quality) and RISQ™ (Relative Indicators for Safety and Quality), which have been instrumental in similar projects across Australia, Ireland, Saudi Arabia, Canada, New Zealand, and the UK. These tools enable detailed benchmarking, error categorisation, and targeted education recommendations, helping healthcare providers enhance the quality and reliability of their clinical data.
Financial and Operational Impact
The project is set to commence immediately and is scheduled for completion by the third quarter of the 2026 financial year. Beamtree anticipates recognising $1 million in revenue from this contract within the current financial year. Additionally, the company expects a working capital impact of approximately $0.5 million by December 2025, reflecting the work-in-progress status and milestone-based revenue recognition.
Strategic Significance and Market Validation
Securing a contract with a globally respected health authority like Singapore’s Ministry of Health not only validates Beamtree’s unique capabilities in clinical coding audits but also signals growing international demand for AI-driven healthcare data solutions. The project aligns with Beamtree’s broader mission to improve patient outcomes by enhancing data quality and decision-making in healthcare systems worldwide.
Looking Ahead
While the contract includes standard termination clauses, its successful execution could pave the way for further engagements in the region, potentially expanding Beamtree’s market share in Asia. Investors will be watching closely for milestone achievements and subsequent revenue recognition in upcoming financial updates.
Bottom Line?
Beamtree’s Singapore contract win highlights its growing influence in global healthcare data quality, setting the stage for further international expansion.
Questions in the middle?
- Will Beamtree secure follow-on contracts or software sales in Singapore or the broader Asia-Pacific region?
- How will milestone-based revenue recognition affect Beamtree’s financial reporting in FY26?
- What competitive advantages do PICQ® and RISQ™ offer compared to other clinical coding audit solutions?
