VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI)
(OTCQX:VHIBF) is pleased to announce a multi-year licensing
contract of subsidiary Transforming System’s SHREWD Platform and
SHREWD Resilience offerings to Lincolnshire Integrated Care Board
(“ICB”) (“Lincolnshire” or the “ICB”).
Lincolnshire serves a population in excess of 750,000 people,
and spans the following care organizations: Better Lives
Lincolnshire, United Lincolnshire Hospitals NHS Trust (Lincoln
County Hospital, Grantham and District Hospital, Pilgrim Hospital
Boston, County Hospital Louth), Lincolnshire Community Health
Services NHS Trust, and Lincolnshire Partnership NHS Foundation
Trust.
This contract comes as a result of an existing client expansion,
as Transforming Systems had previously served “Better Lives
Lincolnshire” for several years. With this contract, the SHREWD
platform will be rolled out across the ICB’s additional
organizations, and further products and services will be
adopted.
Expected benefits conveyed to Lincolnshire ICB through this
contract will centre around providing the health system with a
single version of truth; allowing all associated care organizations
to access real-time information surrounding all providers in the
system, while simultaneously reducing inconsistency and variation.
Additional benefits include: deploying resources where they are
needed in real-time, utilizing available capacity to meet demand at
times of pressure, reducing inefficient administration and allowing
faster deployment of resources, reducing workload imbalance and
pressures across the system, reducing time spent on compiling
spreadsheets and interpreting historical data, along with
facilitating an improved ability to respond to pressures as they
occur.
The SHREWD Platform provides an operational data layer that is a
single source of the truth in real time, allowing the SHREWD
modules to provide intelligent insights, and managers and key
decision-makers to take the right action at the right time. The
SHREWD Platform provides the integration and data collection tools
the SHREWD modules operate from. The tools aggregate data which is
accessed by SHREWD modules or an API, to transform the data into
meaningful information with targeted functions.
SHREWD Resilience enables the whole health and social care
system within a defined area to access real-time data. Resilience
displays data in a way that is simple to understand and visually
identifies areas of pressure quickly. Resilience enables front line
teams and operational leaders to see a real time view of the
situation in around three seconds. Users can then ‘drill down’ into
the precise reason for that pressure within a few clicks. This
enables users to focus on where support is needed to improve
flow.
“We are excited to have the opportunity to support Lincolnshire
ICB,” said Dan Matlow, CEO of VitalHub Corp. “This is a great
opportunity to continue to enhance our ability to support
populations and Integrated Care Boards across the UK, specifically
throughout the Midlands Region. Notably, this presents an
opportunity for VitalHub to continue to showcase its product and
innovation leadership, demonstrating the market pull for our
WaitLess solution across the region. Leveraging new products across
our install base of existing customers is an important component of
our growth strategy. We look forward to continuing to serve our
customers as we progress our strategy on an international
basis.”
ABOUT Lincolnshire ICB
Lincolnshire ICB serves a population in excess of 750,000
people, and spans the following care organizations: Better Lives
Lincolnshire (Lincolnshire ICB), United Lincolnshire Hospitals NHS
Trust (Lincoln County Hospital, Grantham and District Hospital,
Pilgrim Hospital Boston, County Hospital Louth), Lincolnshire
Community Health Services NHS Trust, and Lincolnshire Partnership
NHS Foundation Trust.
ABOUT VITALHUB
Software for Health and Human Services providers designed to
simplify the user experience and 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 & Optimization, and
Patient Flow & Operational Visibility solutions.
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 more than 400
clients across Canada, USA, UK, Australia, 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
300 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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