VitalHub Subsidiary S12 Solutions Reports Two Significant Contracts in September 2021
October 12 2021 - 7:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSX:
VHI) is pleased to report that newly acquired subsidiary,
S12 Solutions (“S12”), continues to achieved significant market
penetration with two new S12 Solutions contracts signed in
September 2021; Oxford Health NHS Foundation Trust (the
“Trust” or “Oxford”) and Derbyshire Healthcare NHS Foundation Trust
(“Derbyshire”, together, the “Trusts”). Both Trusts will utilize
the S12 Solution Mental Health Act (“MHA”) assessment team
organization and electronic claims platform. Derbyshire will also
implement the S12 electronic statutory MHA forms solution.
S12 Solutions is a UK-based company, which helps mental health
professionals efficiently complete Mental Health Act 1983 (“MHA”)
processes. S12 Solutions is a digital platform with approved
section 12 (“s.12”) doctors for MHA assessments in England, which
connects Approved Mental Health Professionals (“AMHPs”). AMHPs are
able to find available, nearby doctors, create s.12 doctor claims,
and both AMHPs and doctors can create, complete and share
electronic statutory MHA forms.
Founded in 2017, S12’s platform supports mental health crisis
care pathway efficiency through timely access to the best available
assessing team for service users, more assessment preparation time
for AMHPs, and greater control over contact information and s.12
work for doctors.
S12 new contract details:
- Oxfordshire: 1 Clinical Commissioning Group, 1
Local Authority (“LA”) and 1 Trust
- Derbyshire: 1 Clinical Commissioning Groups,
LAs and 1 Trust
S12 existing contract update:
- Lancashire and South Cumbria: Feature added to
existing implementation
“The continued progress and traction being achieved by the S12
team is impressive, with approximately 80% of the market in England
having signed up to use the S12 platform,” said Dan Matlow, CEO of
VitalHub Corp. “The S12 platform solves a significant market need
through addressing the bottleneck in the delivery of care which is
a result of outdated paper-based processes associated with the
Mental Health Act. In addition to these implementations, we see a
significant opportunity to leverage the S12 technology platform,
both within its current mental health market application, and to
disrupt additional healthcare market verticals.”
ABOUT VITALHUB: Software for Health and Human
Services providers designed to simplify the user experience &
optimize outcomes.
VitalHub provides technology to Health and Human Services
providers including; Hospitals, Regional Health Authorities, Mental
Health, Long Term Care, Home Health, Community and Social Services.
VitalHub solutions span the categories of Electronic Health Record
(EHR), Case Management, Care Coordination, Patient Flow &
Operational Visibility, and DOCit Mobile Apps.
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 400 clients
across Canada, USA, UK, Australia, Qatar, and Latvia. VitalHub is
based in Toronto, Canada, with an offshore development hub in Sri
Lanka. The Company is publicly traded on the TSX under the symbol
“VHI”.
CAUTIONARY STATEMENT: This press release
includes forward-looking statements regarding the Corporation and
its business, which may include, but is not limited to, statements
with respect to the appointment of a new directors. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Such statements are based on the current expectations of the
management of each entity and are based on assumptions and subject
to risks and uncertainties. Although the management of each entity
believes that the assumptions underlying these statements are
reasonable, they may prove to be incorrect. The forward-looking
events and circumstances discussed in this release, may not occur
by certain specified dates or at all and could differ materially as
a result of known and unknown risk factors and uncertainties
affecting the companies, including risks regarding the technology
industry, failure to obtain regulatory or shareholder approvals,
market conditions, economic factors, the equity markets generally
and risks associated with growth and competition. Although the
Corporation has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and the Corporation undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
CONTACT INFORMATION:Dan MatlowChief Executive
Officer, Director(416) 727-9061dan.matlow@vitalhub.com
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