Top 10 Most Innovative Company in Australia

October 9th, 2020 10:30AM AEST

Webstercare Recognised As Top 10 Most Innovative Company in Australia 2020

Today, Webstercare was honoured to be recognised as one of Australia and New Zealand’s Most Innovative Companies. The prestigious annual list, published by The Australian Financial Review and Boss Magazine, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges.

Webstercare was honoured to rank #4 on the healthcare list, for the second year in a row, from over 600 nominated organisations across Australia and New Zealand. The assessment measures a top innovation implemented in the past two years. Specifically, the judges look at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, and the level of impact that the innovation has had. Inventium also assesses internal elements such as innovation culture, strategy, resources and process, which demonstrate a sustainable and repeatable approach to innovation.

Webstercare was thrilled to be recognised for their role in the launch of the Pharmacist Shared Medicines List, a new clinical document within My Health Record to reduce medication-related problems in Australia, and specifically those experienced by Australia’s older population.

Working with the Australian Digital Health Agency for two years planning and developing the protocols and security requirements for the software, Webstercare became the first to use the PSML in December 2019.

We are very honoured to be recognised on the AFR Boss Most Innovative Healthcare Companies List for our involvement with the Pharmacist Shared Medicine List (PSML). Many of our patients using our dose administration aids are older Australians. Our Webster-pak® medication pack provides assistance to ensure they are taking their medicines safely and at the right time each day, which may help them stay in their own home, instead of needing additional care,” says Webstercare Managing Director, Pharmacist and inventor of the Webster-pak, Gerard Stevens AM.

But the pack itself only contains those medicines taken orally and packed in the Webster-pak. The addition of the Pharmacist Shared Medicines List in My Health Record will allow pharmacists using Webstercare systems to better communicate the complete list of a consumer’s medicines in a single clinical document. This will make a big impact – for that person’s GP, specialist, clinician at the local hospital – by giving them a better understanding of the medicines that person is taking.”

The Pharmacist Shared Medicines List (PSML) is a consolidated list of medicines prepared by a pharmacist and uploaded to a patient’s My Health Record. The PSML will compile both prescription and non-prescription medicines, including over-the-counter and complementary medicines, such as vitamins and herbal remedies.

The overview the PSML will provide for healthcare providers will enable them to make more informed prescribing and treatment decisions and assist in reducing medication mishaps.

Particularly relevant at times of transitions of care, the PSML is a comprehensive list of medicines at a specific point in time, such as on discharge from a hospital when a patient’s care is being transferred to another health care provider – a common occurrence in Australia’s elderly population.

Inventium is proud to announce the 2020 Most Innovative Companies list in conjunction with AFR. The global pandemic has truly given rise to the saying ‘necessity is the mother of invention’. We are thrilled to recognise many organisations who have successfully pivoted their offerings and relished the opportunity for change.”

Dr Amantha Imber, Founder, Inventium

ABOUT WEBSTERCARE®

Webstercare® is an industry leader in medication management. Committed to delivering quality solutions with a focus on patient and resident safety. 

Gerard Stevens AM, company’s founder and a registered Pharmacist, has a relentless passion and commitment to research, development and better patient care. This had enabled Webstercare to remain at the forefront of this industry. Our innovations are used throughout the pharmacy, aged care, community and health sectors. This commitment has even led to better health outcomes for Aboriginal and Torres Strait Islander communities. Webstercare has developed more than 600 products and services that each offer smart solutions to medication management.

ABOUT THE AFR BOSS MOST INNOVATIVE COMPANIES LIST

The AFR BOSS Most Innovative Companies list (previously the BRW Most Innovative Companies list) is now in its ninth year. The list ranks the most innovative organisations in Australia and New Zealand, by industry. It is the only national list of its kind. The list is judged and compiled by Inventium – Australia’s leading innovation consultancy. Inventium uses a unique, scientifically proven approach to help organisations grow through innovation. In 2020, the list comprised of ten industry lists, compiled from over 600 nominations.

www.mostinnovative.com.au

ABOUT INVENTIUM

Inventium is Australia’s leading behavioural science and innovation consultancy. Since 2007, Inventium has helped over 400,000 people become more innovative and more productive at work. Inventium applies the latest findings from science (psychology and neuroscience) to help organisations unlock growth through innovation. The official methodology partners of the AFR Most Innovative Companies list and the AFR Best Places to Work List. Inventium is also a proud BCorporation.

www.inventium.com.au

ABOUT THE AUSTRALIAN FINANCIAL REVIEW

For more than 50 years The Australian Financial Review has been the authority on business, finance and investment news in Australia. It has a reputation for independent, award-winning journalism and is essential read-ing for Australia’s business and investor community. The Australian Financial Review is owned by Fairfax Media Limited [ASX:FXJ], a leading multi-platform media company in Australasia.

Media contacts:

Webstercare: Fleur Townley, Lanham Media, [email protected], 0405 278 758

Inventium: Gabby Webb, [email protected] (03) 9018 7455

www.afr.com