VitalHub Corp. (the “Company”) (TSXV: VHI) is pleased to announce
the sale of the TREAT EHR solution (“TREAT”) to Stella’s Place, a
Toronto-based young adult mental health agency, and a Reconnect
Community Health Services (“Reconnect”) affiliate.
TREAT, the clear choice of EHR systems among mental health
providers, is being implemented to replace Stella’s Place existing
documentation systems to serve as the comprehensive participant
management system for supporting their diverse programming and
reporting needs. TREAT will capture the participant’s demographic
and clinical data in standard modules; progress notes, assessments
and interdisciplinary care plans. TREAT will serve the needs of
management by providing provincially-mandated reports and depicting
crucial indicators related to participants, in-take processes,
services and discharge through its fully integrated business
intelligence dashboards.
Stella’s Place contracted TREAT through VitalHub subsidiary
HInext. HInext was awarded, following a competitive RFP tender
process, a contract to implement an integrated community mental
health services EHR solution for Reconnect Community Health
Services in 2015.
Reconnect’s goal was to achieve excellence in participant
healthcare using the TREAT software, a participant management
system that streamlines clinical history and care management for
care providers. Functionality of TREAT that led to the Reconnect
contract award following a competitive RFP includes an
Interdisciplinary Plan of Participant Care (IPCC) and a coordinated
care planning system.
VitalHub’s contract with Reconnect includes a provision allowing
all Toronto Central LHIN community mental health providers to at
their discretion license TREAT. The original contract awarded to
HInext provides for a preferred access and a pre-established
purchase contract for any Toronto Central LHIN community mental
health, addiction and community support service agency through
Reconnect. A number of Toronto Central LHIN agencies have
contracted with us, including Sound Times and Toronto East Health
Network. “It represents a successful collaboration across member
organizations in the healthcare system” (Reconnect Community Health
Services, Annual Report 2015-16).
At present, the TREAT EHR solution has only been implemented
across ~15% of Reconnect's affiliate network, representing a
significant opportunity to further increase penetration of the
product across the mental health services space.
“We are pleased to join the Reconnect Community Mental Health
Services TREAT user group in the TC LHIN. TREAT will enhance our
ability to manage, report, and reflect upon the complex work of our
staff in a consistent and supportive manner and will help us to
continually assess how our services are effectively and
responsively supporting young adults. We look forward to
contributing to the evolution of our field and being an information
systems leader in the young adult mental health community”, said
Jenny Carver, Executive Director, Stella’s Place.
“We welcome Stella’s Place to the growing number of Health
Service Providers that have adopted and implemented TREAT as their
preferred solution for participant information management. As our
first Young Adult Mental Health partner to adopt TREAT within the
Toronto Central LHIN, we are very excited at the possibility of
increasing adoption and expanding the learning opportunities in the
Youth Mental Health space”, said Mohamad Badsha, CEO of Reconnect
Health Services.
“We are excited about this sale to Stella's Place, it serves as
further evidence of our leadership position supporting Ontario’s
mental health providers," said Dan Matlow, CEO of VitalHub Corp.
"As we continue to grow our business, we aim to further establish
VitalHub as the dominant provider of EHR solutions for mental
health providers."
ABOUT STELLA’S PLACE
Stella’s Place is a welcoming Downtown, Toronto facility for
young adults, aged 16 to 29, who are experiencing mental health
challenges and who want to learn about the best way to move forward
and to get support from peers and professionals. Stella’s Place
provides peer-supports, clinical, employment, wellness, and
recovery services, as well as online supports and opportunities to
explore one’s creative self through studio programs, serving more
than 800 young adults each year.
ABOUT RECONNECT COMMUNITY HEALTH SERVICES
Reconnect Community Health Services, a not-for-profit health
service organization in the west end of Toronto, is dedicated to
serving seniors and people living with mental health and addictions
to improve and maintain their health and well-being.
ABOUT VITALHUB:
VitalHub develops and supports mission-critical healthcare
information systems in the Mental Health (Child, Youth and Adult),
Long Term Care, Community Health Service, Home Health and Hospital
sectors. VitalHub technologies include Blockchain, Mobile, and
Web-Based Assessment and EHR solutions.
VitalHub's aim is to create high-value, secured solutions
enabling interoperability among existing health data systems.
VitalHub is primarily focused on working with organizations in the
Mental Health, Acute and Long-Term Care space, to further extend
organization's applications across the continuum of care, powered
by the security, efficiency, and trust of Blockchain
technology.
The Company has a robust two-pronged growth strategy, targeting
organic growth opportunities within its product suite, and pursuing
an aggressive M&A plan. Currently, VitalHub serves 200+
participants across North America. VitalHub is based in Toronto,
Canada, with an offshore development hub in Sri Lanka. The Company
is publicly traded on the TSX Venture Exchange under the symbol
"VHI".
CAUTIONARY STATEMENT
The TSX Venture Exchange has in no way passed upon the merits of
the transactions and has neither approved nor disapproved the
contents of this press release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this press release.
CONTACT INFORMATION
Dan MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
Vitalhub (TSXV:VHI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vitalhub (TSXV:VHI)
Historical Stock Chart
From Apr 2023 to Apr 2024