ALSO READ8K Miles Software extends falls, hits 52-week low 8K Miles rallies 42% in 7-days after stake sale by promoter M V Bhaskar 15 stocks that rallied over 10% in a range-bound market BSE Smallcap index up 2% after falling 11% in past two weeks Info Edge riding on Nomura's $1.4-bn valuation of Zomato
“With the launch of 8K Miles Health Edge our team intends to unleash the power of Blockchain. Blockchain allows organization of any chain of records or transactions without the need of intermediaries, and reducing the number of intermediaries in healthcare delivery, which will subsequently reduce costs and allow for real time solutions. Ability to establish trust-based network between entities and inherent security that comes with it, makes Blockchain ideal for Health Information Management”, said Suresh Venkatachari, Chief Executive Officer of 8K Miles.
While announcing December quarter results on Wednesday, the company said 8K Miles was selected by a US based healthcare provider to assist with the selection of a remote hosted hospital information system solution which has a potential to support multiple hospitals in the future.
The company signed additional EHR implementation project with an US hospital and US Healthcare provider selected 8K Miles to lead the development of their Epic Connect program.
At 10:17 AM; the stock was trading 7.5% higher at Rs 847 on BSE, as compared to 0.26% rise in the S&P BSE Sensex. The trading volumes on the counter almost doubled with a combined 907,988 shares changed hands on the BSE and NSE so far.