Best Practice Software and Medcast have announced a strengthened collaboration supported by a lead investment from Best Practice as part of Medcast’s AUD $5.4 million capital raise. The funding will support the expansion of MedLuma, Medcast’s AI-enabled clinical knowledge platform designed for Australian healthcare. The partnership brings together complementary strengths in clinical software, clinical education, governance, and digital health innovation.
Purpose of the Capital Raise
The new investment will be directed toward growing Medcast’s technology and clinical teams, advancing product development, and enabling deeper integration with clinical software. Best Practice Software will play a central role in this integration, allowing MedLuma to reach clinicians within systems they already use every day. This approach is intended to support continuing professional development and improve access to governed clinical knowledge in primary care.
How MedLuma Supports Clinical Decision Making
MedLuma launched earlier this year with an initial focus on Australian general practice, where clinicians manage increasingly complex patient needs and significant time pressure. The platform helps users find evidence-based answers grounded in Australian guidelines and clinical sources, with transparent citations linking back to original material. It is designed to reduce time spent searching across fragmented information sources while helping practitioners remain aligned with current evidence and Australian clinical standards.
Medcast has emphasised that trust and safety are central to MedLuma’s development, combining technical and human-in-the-loop validation with a clinician-led approach. The platform keeps Australian health data onshore and respects the intellectual property of organisations that produce clinical guidance. Medcast works directly with copyright holders to retain ownership and acknowledge sources within the platform.
Leadership Perspectives
Best Practice Software Chief Executive Officer Craig Hodges said artificial intelligence has enormous potential to support clinicians by bringing trusted knowledge into the workflow. He stressed that such tools will always complement clinical judgment, experience, and patient-centred decision-making rather than replace them. Hodges added that the lead investment reflects confidence in the Medcast team and the opportunity to build technology purpose-designed for Australian healthcare.
Medcast founder and Chief Executive Officer Dr Stephen Barnett said the investment allows Medcast to scale MedLuma while maintaining its focus on clinical quality, transparency, and trust. He noted that speed and convenience are not enough in clinical care, because clinicians need information they can trust, grounded in evidence and Australian practice. Dr Barnett described the work as solving the last mile of medical-grade AI and said the funding marks an important new chapter for Medcast.
Medcast co-founder and Chief Product Officer Justin Lewis said the next phase of healthcare technology will be defined by the quality, provenance, and governance of the knowledge underpinning it. He noted that AI-powered search is increasingly easy to build, while medical-grade AI that clinicians can interrogate and trust is much harder. Lewis described MedLuma as a trusted intelligence layer for Australian healthcare that brings the right clinical knowledge into the flow of care.
A Growing Australian Health Technology Partnership
Founded in 2013, Medcast has provided independent clinical education and professional development to more than 100,000 registered healthcare professionals. The organisation’s experience in medical education, knowledge translation, and clinical practice underpins MedLuma’s approach to artificial intelligence. Best Practice Software and Medcast have an existing collaboration spanning clinical software and education, and the investment will see MedLuma integrated with Best Practice systems.
The strengthened partnership signals a significant step toward locally governed clinical knowledge solutions for Australian healthcare. By combining Best Practice Software’s clinical and practice management reach with Medcast’s education and knowledge expertise, the collaboration aims to make trusted evidence more accessible in everyday care. The investment positions both organisations to support safer, more efficient, and more informed patient care across Australia.