Mainboard-listed healthcare group Singapore Paincare Holdings FRQ has invested $1.5 million to scale operations for its chain of clinics, according to an Oct 14 release.
The investment is part of a digital transformation across the group’s clinical operations and medical processes in Singapore and across the region.
It is expected to include the implementation of artificial intelligence (AI), Internet of Medical Things (IoMT), and big data analytics in its clinics nationwide to improve the delivery and accessibility of healthcare services, in line with the Ministry of Health’s (MOH) Healthier SG programme.
According to the group, the digitisation of its services is also set to “elevate treatment efficiency and doctor-patient relationships” across its clinics, which comprise specialist clinics, general practitioner clinics, and traditional Chinese medicine (TCM) and physiotherapy centres".
Additionally, the group has also entered into a partnership with digital health technology specialist, UCrest, to design and implement the adoption of these advanced technologies at scale.
The group adds that the partnership is expected to include the “comprehensive integration of AI in all aspects of the business — from health services like chronic disease prevention and treatment, diagnosis, therapy, and active rehabilitation, to administrative workflows”.
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Bernard Lee, CEO of Singapore Paincare Holdings, says: “The investment to integrate advanced technologies into our clinic services represents a pivotal move in reshaping how we deliver care. We expect to achieve improved scalability over the next 12 to 18 months, and look to continue staying ahead of industry advancements through strategic collaborations with other leaders in the digital health space, like our most recent partnership with UCrest.”
As part of the transformation, the group has launched the iMedic digital application, which facilitates doctor-patient communication for patients with chronic health conditions. Patients will be able to track daily health metrics such as blood pressure and glucose levels, which can be remotely monitored by assigned doctors, reads the release.
Eg Kah Yee, founder and managing director of UCrest, says: “By offering remote consultations through the iMedic app, we are helping them extend this care to more Singaporeans anytime, anywhere. The app is a step in the right direction for empowering both patients in need and their healthcare practitioners, allowing clinics to deliver more timely and personalised care without the constraints of location.”
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Currently, Singapore Paincare is also working with healthcare providers across Southeast Asia and China through joint ventures or direct wholly-owned setups to offer its technologies to new markets.
Shares in Singapore Paincare closed flat at 12 cents on Oct 14.
