VitalHub Announces Licensing Agreement of Pre-Op Solutions, Synopsis Home and Synopsis iQ, to Bolton NHS Foundation Trust
August 22 2022 - 7:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI | OTCQX:
VHIBF) is pleased to announce a licensing agreement of subsidiary
Intouch with Health’s (“Intouch”) digital, at-home pre-op
solutions, Synopsis Home and Synopsis iQ, to the Bolton NHS
Foundation Trust (the “Trust” or “Bolton”).
This agreement is a new customer contract, further expanding the
Company’s presence across the National Health Service, and will
provide Bolton with access to Intouch’s award-winning Synopsis Home
and iQ products. This sale responds to a need identified by Bolton
NHS Foundation Trust to alleviate their elective care backlog,
increasing operational efficiency and throughput. The Trust needed
a solution to enable departments to be more efficient to cope with
the additional surgeries required to work toward clearing the
elective backlog, and chose the Company’s products to address these
challenges.
The Bolton NHS Foundation Trust is one of the North West’s
busiest acute NHS foundation trusts, providing a range of health
and wellbeing services to people across Bolton and other parts of
Greater Manchester area, and is classed as amongst the best in the
region for several of their services. The Royal Bolton Hospital is
a major hub in Greater Manchester for women’s and children’s
services and is the second busiest ambulance-receiving site in
Greater Manchester.
With the integration of Synopsis Home and Synopsis iQ, the Trust
can expect to see better visibility into their elective backlog,
streamlined pre-op assessments which will alleviate managerial
pressures, a triaging platform that will limit unnecessary
appointments and better tend to complex patients, open integration
into existing systems, flexible workflow, comprehensive and
accurate pre-op assessments, and decision making support that
highlights risk through the 250+ algorithms programmed into
Synopsis modules. In turn, the Company expects the deployment of
the Synopsis solutions to empower the Trust to better manage its
elective backlog pressures.
“We are excited to begin working with Bolton NHS Foundation
Trust, as we continue to grow our customer base,” said Dan Matlow,
CEO of VitalHub Corp. “This deal further reinforces the market
demand for our best-in-class patient flow solutions. We look
forward to continuing to progress our growth strategy, supporting
our customers in achieving the highest standards of care
delivery.”
ABOUT BOLTON NHS FOUNDATION TRUST
The Bolton NHS Foundation Trust is one of the North West’s
busiest acute NHS foundation trusts, providing a range of health
and wellbeing services to people across Bolton and other parts of
Greater Manchester area, and is classed as amongst the best in the
region for several of their services. The Royal Bolton Hospital is
a major hub in Greater Manchester for women’s and children’s
services and is the second busiest ambulance-receiving site in
Greater Manchester.
ABOUT VITALHUB
Software for Health and Human Services providers designed to
simplify the user experience and optimize outcomes. VitalHub
develops mission-critical technology solutions for Health and Human
Services providers in the Mental Health (Child, Youth & Adult),
Long-Term Care, Home Health, Community & Social Services and
Acute Care sectors.
VitalHub develops technologies in two primary categories:
Patient Flow, Operational Visibility & Patient Journey
Optimization solutions; and Electronic Health Record, Case
Management, Care Coordination & Optimization solutions. The
Company has a robust two-pronged growth strategy, targeting organic
growth opportunities within its product suite, and pursuing a
strategic M&A plan. Currently VitalHub serves more than 600
clients across Canada, USA, UK, Australia, New Zealand, the Middle
East, and Europe.
VitalHub is based in Toronto, Canada, with an offshore
development hub in Sri Lanka. The VitalHub team comprises more than
200 team members globally. The Company is publicly traded on the
Toronto Stock Exchange (TSX) under the symbol "VHI" and on the OTC
Markets OTCQX Exchange under the symbol “VHIBF”.
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 INFORMATIONDan MatlowChief Executive
Officer, Director(416) 727-9061dan.matlow@vitalhub.com
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