Beamtree Holdings Wins Major Saudi Contract

Beamtree Holdings Ltd (AU:BMT) has released an update.

Beamtree Holdings Limited has secured a significant contract in Saudi Arabia to provide its PICQ clinical coding technology to the Centre for National Health Insurance, marking a strategic milestone in the company’s international expansion. The contract, worth $1.4 million, contributes to an annual recurring revenue of about $1 million and follows a previous $0.5 million contract, reinforcing Beamtree’s presence in the Saudi healthcare sector. The company’s CEO, Tim Kelsey, emphasized the shared vision with local partner Lean to enhance patient outcomes through improved data usage in health services.

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