VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI)
(OTCQX:VHIBF) is pleased to announce two new licensing agreements
of it’s prEDict solution to Stevenson Memorial Hospital (“SMH”) and
Georgian Bay General Hospital (“GBGH”), both in Ontario. Stevenson
Memorial Hospital (Alliston) has signed a 5-year term and Georgian
Bay General Hospital (Midland) has signed a 3-year term, with two
optional 1-year extension periods.
prEDict is an emergency department (ED) wait
time clock, that accurately broadcasts wait times to the community
via the hospital website. This unprecedented period in healthcare
is currently being made more complicated by staffing issues and
higher acuity patients.
With emergency departments across the country
under significant and severe pressure, communicating ED wait times
to the public manages patient expectations and alleviates the
disruption of staff being asked constantly for an update related to
when they will be seen. Unlike conventional emergency department
wait time clocks that rely on averages, prEDict uses data analytics
and machine learning algorithm to predict the expected ED wait time
with >90% accuracy.
The signing of GBGH marks a significant
milestone for VitalHub and the prEDict solution. GBGH is the third
of four hospitals alongside Collingwood General & Marine
Hospital (CGMH) and Royal Victoria Regional Health Centre (RVH) to
adopt the prEDict ED wait time clock as part of the CARE4 group of
hospitals, creating a regional network of hospitals providing ED
wait times to their community.
The CARE4 group was created and designed to
improve the quality and delivery of patient care across the partner
hospitals through leveraging technology, of which the prEDict ED
wait time solution will directly contribute.
In addition to the CARE4 Group, the signing of
SMH represents the second of three hospitals in the SHINE Group to
have adopted the prEDict solution, with the first being Oak Valley
Health (Markham Stouffville Hospital). The Shared Health
Information Network Exchange (SHINE) is a partnership between Oak
Valley Health, Southlake Regional Health Centre, and Stevenson
Memorial Hospital that will enable the three organizations to share
electronic medical records. The adoption of prEDict at two SHINE
Group hospital sites further solidifies the group's goal of a more
unified health system and experience for the communities they
serve.
SMH and GBGH licensed the prEDict solution to
improve transparency with the community and patients coming to the
hospital by providing them the expected ED wait time prior to their
arrival. Systems like prEDict are designed to help hospitals
communicate the hospital status to the community and ease the
burden on frontline staff. The addition of an ED wait time solution
to the hospital website and waiting room will assist the community,
patients, and staff alike as it will help reduce uncertainty,
anxiety, and frustration for patients coming to the hospital.
“We are thrilled to be introducing VitalHub’s
prEDict wait time clock at Stevenson as a helpful resource for our
staff, patients and community,” says Dr. Matthew Myatt, Chief of
Emergency Medicine, SMH. “Having this information available will go
a long way to support patients when they come to our Emergency
Department, helping to meet wait time expectations.”
“GBGH is committed to transparency and
accountability with the community we serve,” says Matthew Lawson,
President and CEO, GBGH. “Having this ED wait time clock available
to patients represents continued progress in our strategy of
leveraging technology to improve the patient experience and
providing timely access to information.”
“VitalHub is excited to continue expanding the
footprint of our software solutions across Canadian hospitals
following a period of unprecedented change in healthcare,” said Dan
Matlow, CEO of VitalHub Corp. “prEDict will help contribute to an
improved patient experience by providing the community with
important information at their fingertips. We welcome the
investment by GBGH and SMH in our technology and are looking
forward to partnering with them.”
ABOUT STEVENSON MEMORIAL
HOSPITAL
Stevenson Memorial Hospital (SMH) is located in the community of
Alliston, in the Town of New Tecumseth, Ontario servicing south
Simcoe County and surrounding communities (Essa, Innisfil,
Adjala-Tosorontio, Base Borden). A fully accredited community
hospital, SMH offers 41 inpatient beds and a wide range of
outpatient and treatment services, a thriving OB/GYN unit as well
as general surgery, diagnostic imaging, dialysis and an emergency
department with 24/7 coverage.
SMH was accredited with Exemplary Standing in 2021 and provides
high quality patient care that meets the needs of their growing
community. SMH has a strong vision for the future, having received
approval from the Ministry of Health on their Stage 2 submission
for a redeveloped and revitalized hospital.
ABOUT GEORGIAN BAY GENERAL
HOSPITAL
Georgian Bay General Hospital (GBGH) is a
113-bed acute care community hospital located in Midland, Ontario.
The hospital offers emergency, ambulatory, acute, surgical,
intensive and complex continuing care, as well as imaging,
dialysis, obstetrical and rehabilitation services. GBGH serves the
areas of Midland, Penetanguishene, Christian Island as well as Tay,
Tiny, Springwater and Georgian Bay Townships.
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”.
https://www.vitalhub.com/
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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