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Orion Health Timeline 2 Orion Health Annual Report 2012 Directors’ Table of Statement Contents The Directors are responsible for the preparation, The Directors have responsibility for the maintenance Directors’ Statement IFC in accordance with New Zealand generally accepted of a system of internal control designed to provide Orion Health Timeline 02 accounting practice, of the financial statements which reasonable assurance as to the integrity and reliability Company Profile 04 give a true and fair view of the financial position of of the financial reporting. The Directors consider that Orion Corporation Limited and Group as at 31 March adequate steps have been taken to safeguard the assets Strategy 06 2012 and the results of their operations and cash flows of the Company and Group and to prevent and detect Chairman’s Report 10 for the year ended 31 March 2012. fraud and other irregularities. Chief Executive Officer’s Report 12 The Directors consider that the financial statements The Directors are pleased to present the financial Chief Finanical Officer’s Report 14 of the Company and the Group have been prepared statements of Orion Corporation Limited and Group for using accounting policies appropriate to the Company the year ended 31 March 2012. Board of Directors 18 and Group’s circumstances, consistently applied and The annual report is dated 25 June 2012 and is signed Senior Leadership Team 20 supported by reasonable and prudent judgements in accordance with a resolution of the Directors made and estimates, and that all applicable New Zealand Supporting New Zealand’s Growth 24 pursuant to section 211(1) (k) of the Companies Act equivalents to International Financial Reporting 1993. Product Overview 26 Standards and Financial Reporting Standards have been Strategic Acquisition 29 followed. For and on behalf of the Board of Directors Services and Client Support Overview 30 The Directors have responsibility for ensuring that proper accounting records have been kept which enable, Sales and Marketing Overview 32 with reasonable accuracy, the determination of the Human Resources 35 financial position of the Company and Group and enable Financial Statements 36 them to ensure that the financial statements comply Ian McCrae Andrew Clements with the Financial Reporting Act 1993. Chief Executive Officer Chairman Independent Auditor’s Report 74 Corporate Governance 75 Shareholder Information 76 Company Directory 78 02 Orion Health Annual Report 2012 Orion Health Annual Report 2012 03 Orion Health Timeline 1992 to 2012 ä A highly structured product development methodology is employed, with software officially released three times per year, to help improve quality and better meet customer expectations ä Orion Systems expands into the North American market, setting up an office in ä Week-long innovation windows, known as Scratcharama, Santa Monica, California are established every four months for developers to work freely on new ideas Clearfield Consulting is founded Medlink HL7++ evolves Orion Systems changes ä The first version of Rhapsody Integration by Ian McCrae and three other into Symphonia, which is from a generalist Engine is released, and this furthers ä A Quality Management and Assurance programme is colleagues as a boutique consultancy able to support all health software vendor into an Orion Systems leadership position in introduced to embed safety and reliability throughout firm in Auckland New Zealand messaging protocols eHealth specialist health integration the organisation and ensure better patient outcomes 1992 1997 1999 2002 2010 Clearfield Consulting sets up a software Orion Systems develops a web-based Orion Systems is officially Orion Health begins consolidating Orion Health is named development company, subsequently portal for clinical applications and renamed Orion Health to its overall brand. Over the next five New Zealand International renamed Orion Systems. Ian McCrae names it Concerto, the first of its help reinforce its eHealth years, four distinct core solution Business of the Year and takes on the role of CEO kind, extending Orion Systems’ focus and specialisation packages and 16 optional extras Supreme winner at the innovative reputation are developed, all under the single New Zealand International 1993 2005 brand name of Orion Health Business Awards 1998 2007 2012 1992 1997 2007 2012 1995 2000 2003 2008 2011 Orion Systems achieves its first Orion Systems shifts its head ä Orion Systems wins its largest An internal design team is set up ä Orion Health signs its largest deal to date, sale into North America, selling office to Mt Eden, Auckland. It deal to date, in the Canadian to work exclusively on improving to provide a Personally Controlled Electronic its Medlink HL7++ product to also expands operations into the province of Alberta, to supply an the user experience across Orion Health Record throughout Australia Beth Israel Hospital Australian market, relocating sales Electronic Health Record (EHR) Health software. A design-oriented staff to drive initial business approach is applied to every aspect ä Orion Health acquires the Microsoft Amalga ä The Orion Health Board of of every product, in recognition HIS product portfolio Directors is established of the fact that usability is a key ä Orion Health is a finalist in the Company requirement of all users of the Decade Award at the New Zealand Hi-Tech Awards 1994 2001 2004 ä Orion Health purchases new premises for its Auckland headquarters, redesigning ä The company ships its first software product, ä Orion Systems makes its first sale in Orion Systems wins a second large and redeveloping the site, tailoring it to called MedLink HL7++, a specialised HL7 the UK market, winning a project in deal, this time in New South Wales, specific needs including a virtual hospital health integration application for developers Walsall. An office is set up to support Australia, to provide a regional EHR demonstration environment the Walsall implementation and to in a pilot project for the entire state ä Orion Systems is one of the first New Zealand provide support for ongoing sales companies to connect to the internet ä Orion Systems is awarded Hi-Tech Company of the Year at the New Zealand Hi-Tech Awards 04 Orion Health Annual Report 2012 Orion Health Annual Report 2012 05 Company Profile About Us Our Aspiration and Belief Our Products Our Values Orion Health is New Zealand’s largest privately We believe that software, maths Today we are a global leader in eHealth software, providing The following values of Orion Health articulate who owned software exporter and a global leader in solutions in three major categories: we are and what we stand for: eHealth software. and technology have huge ELECTRONIC HEALTH RECORD (EHR) Enable Client Success Founded in 1993, by CEO Ian McCrae, Orion unrealised potential to help people Orion Health Electronic Health Record is an information Acting in a client-centric fashion by ensuring clients Health has grown from a specialist health exchange that allows a healthcare organisation to exchange have great trust in Orion Health’s ability to deliver; integration vendor into a company that sells a have healthier, happier and longer clinical information with other healthcare organisations across get on well with Orion Health people; and find comprehensive suite of eHealth solutions. lives, thereby improving our world regions and at each point of care. This ensures caregivers dealing with Orion Health an enjoyable experience. Orion Health has extensive experience in the have access to relevant and accurate patient information – design and installation of complex systems Orion Health will deliver its vision through: regardless of where the care was provided. Challenge The Boundaries within demanding healthcare environments. ä Elegant design Solving problems by being creative and having a With an inherent ability to interconnect the wide ORION HEALTH HOSPITAL ‘can do’ attitude and working with enthusiasm, ä Effective business operations variety of information systems found in health, Orion Health Hospital Information System (Orion Health commitment and passion. Orion Health has risen to be considered a global ä Employing and developing outstanding individuals HIS) is a state-of-the-art, fully integrated hospital information Do The Right Thing leader in its industry. system. It provides healthcare organisations with a full suite All dealings conducted with honesty, integrity, Today, our products and solutions are currently of tools for improved hospital management, clinical tasks and openness, respect and consideration. implemented in over 30 countries, used by patient administration. hundreds of thousands of clinicians, and help Collaborative Spirit (Ngatahi) RHAPSODY INTEGRATION ENGINE facilitate care for tens of millions of patients Rhapsody Integration Engine manages message exchange A company working in unison both internally and between health applications, databases and external systems. with customers. Rhapsody allows diverse and previously incompatible Get Things Done IT platforms to communicate by delivering inter-system messaging capabilities. Consistently delivering results. Learn and Grow Acknowledging failure, continual self-development, and encouraging the development of others. 06 Orion Health Annual Report 2012 Orion Health Annual Report 2012 07 Strategy Orion Health’s strategy for ongoing growth 1. ELEGANT DESIGN and business expansion has historically been The design aspect of the Orion Health operation forms The Orion Health design philosophy is not limited to and still remains to simply focus on three the single most important aspect of our ongoing business the look and feel of our products, but applies to the strategy. Competitors in the health software industry back-end architecture too. Our suite of products is overarching pillars of our vision. In each of have a technology legacy that means their applications highly configurable; so we are able to tailor solutions these areas there are a number of strategic appear old-fashioned, and feel ‘clunky’ when compared to rapidly meet widely varying and constantly changing initiatives in progress. with the applications that a typical consumer has requirements. We are unique in our ability to provide access to today (e.g.
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