Patrick Power

Managing Director, PowerHealth

National Finalist in EY Entrepreneur Of The Year 2024 Australia

When Patrick Power founded PowerHealth in 1995, he was a one-man band. Since then, he has orchestrated the development of a company that’s now one of the world’s leading healthcare patient costing and billing software vendors, serving thousands of hospitals across 10 countries.

Governments around the world are focused on delivering the right care at the right time and at the right place and PowerHealth applications are specially engineered to achieve this outcome. These niche offerings provide PowerHealth with strong tailwinds, in an industry that is already experiencing enormous growth and change. Over 50% of the company’s annual revenue is reoccurring.

PowerHealth is proud of its unique work culture that attracts and retains high-calibre staff, many having accompanied Patrick on his 28-year journey.

As for the leadership qualities that have fuelled Patrick’s achievement, he mentions passion, integrity, hard work and leading by example. He sees entrepreneurship as identifying problems and fixing them through innovation, alongside a sustainable business model that benefits clients, employees and society.

Patrick’s passion for his work is inspiring, with staff and clients alike citing his obvious love for what he does as one of the many attractions of working with PowerHealth. Importantly however, Patrick says that his work does not define him. Success is defined by his relationship with his family and friends.

He regards his major business accomplishments as winning a $44 million tender in Quebec and the recent joint venture with Telstra Health that will allow PowerHealth to scale even more aggressively.