VitalHub Corp. (the “Company” or “VitalHub”) (TSX:
VHI) is pleased to announce a licensing transaction of
subsidiary Intouch with Health’s (“Intouch”) digital health
platform to Royal Berkshire NHS Foundation Trust (the “Trust” or
“Royal Berkshire”).
The transaction is principally focused on Royal
Berkshire Hospital and allows the PAS (Patient Administration
System) integrated solution to be used at all 6 Trust sites.
Intouch’s Room & Resource Manager product enables health
system staff to easily search the system for available rooms and
suitable facilities and resources, comprising an essential
component of the digital health infrastructure pertaining to
scheduling, which supports the drive to reduce lengthy waiting
lists. This deal comes as a result of the Trust having identified a
need for a platform which would enable a longer term plan to
digitally transform outpatients. Room booking throughout the Trust
is currently performed with an in-house developed solution which
does not integrate with the hospital’s PAS. “The Trust reviewed
offerings from multiple suppliers. The Intouch solution was
selected because it met the Trust’s key requirement which is to
engage in a partnership with a company that can provide a broad
solution, set to help with their digital ambitions, as opposed to
engaging multiple “point” suppliers,” commented, Mike Sanders, CEO
VitalHub UK Corp.
The Intouch Room & Resource
Manager solution provides hospital staff with instant access
to real-time data including room availability, the status of a
meeting room and resource needs, enabling resources to be allocated
and booked in an efficient manner. It also captures resource needs
and allows relevant resources to be allocated and booked in a
timely manner, maximizing the use of assets. These tools provide
access to critical operational visibility information pertaining to
scheduling and resource availability, necessary for health systems
to optimize the efficiency of patient flow and the patient
journey.
“Our continued growth and market penetration is
evidence of the ongoing demand for digital transformation and
operational efficiency solutions,” said Dan Matlow, CEO of VitalHub
Corp. “We are delighted to enable the safe and effective management
of the patient journey through each stage of the health system as
we continue to meet this growing market demand through our best in
class product suite.”
ABOUT ROYAL BERKSHIRE NHS FOUNDATION
TRUST: The Royal Berkshire NHS Foundation Trust is one of
the largest general hospital foundation trusts in the UK and the
main provider of acute and specialist care services for west
Berkshire. With six sites; Royal Berkshire Hospital Bracknell
Healthspace, Dingley Child Development Centre, Prince Charles Eye
Unit, Townlands Memorial Hospital, West Berkshire Community
Hospital and Windsor Dialysis Unit, the Trust employs approximately
5,500 staff and serves a population of approximately 1,000,000
people.
In January 2020, the Trust was rated ‘Good’
overall by the CQC and was proud to receive the inspection report,
which highlighted many examples of good and outstanding care across
the Trust. Reflecting the high standards of care on offer, recent
patient surveys show that over 90 per cent of patients rate their
overall experience of services as excellent, very good or good.
The Trust provides acute medical and surgical
services to Reading, Wokingham and West Berkshire and specialist
services such as cancer, dialysis and eye surgery to a wider
population across Berkshire and its borders.
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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