Financial management software specialist Surgical Partners has formalised a relationship with Westpac, signing an agreement with the banking giant to accelerate the adoption of its medical billings reconciliation platform among Westpac's healthcare industry customers.

Surgical Partners won a $40,000 prize as part of Westpac's Innovation Challenge in July last year and planned to use the money to increase staff and explore new partnerships. The company is active in both Australia and New Zealand.