Shares in Kainos (KNOS) were boosted by the news that the digital services IT group is collaborating with the Royal Brompton and Harefield NHS Foundation Trust, to provide cloud-managed electronic medical records (EMR). Kainos notes that cloud-based products can help overcome some of the challenges faced by NHS trusts – including limited financial resources and security risks.
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This is good news for Kainos, given its Evolve EMR product suffered a 38 per cent revenue decline to £3.4m in the first half of 2017. Even so, Kainos maintained that a market still existed for this platform – an astute observation, considering this latest announcement.
