VitalHub Selected as One of Two Vendors to Provide Clinical Utilization Reviews Under NHS Framework
July 27 2020 - 7:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce they have been selected by the National Health Service
(NHS) as one of two vendors to be included within the new NHS
Framework Agreement (Framework).
After an extensive RFP evaluation process, VitalHub has been
selected as one of two approved vendors to offer Clinical
Utilization Reviews (CURs) within the NHS Framework, which they
will deliver using the Company’s proprietary Making Care
Appropriate for Patients (MCAP) software. The Framework provides a
streamlined procurement process, paving an expedited pathway to
adoption by enabling all NHS organisations (or UK Trusts) to
acquire the Company’s MCAP CUR without requiring a tender or
independent RFP procurement cycle, effective over a four-year
period.
MCAP, one of VitalHub’s Patient Flow and Operational Visibility
portfolio solutions, is a tool that identifies opportunities for
whole system patient flow improvements and integration, provides
decision makers with the necessary evidence to provide advanced
patient flow analytics in real-time to support improvements in
multi-disciplinary team discharge and system integration. MCAP is
currently used daily by 22 hospital groups across the United
Kingdom and in the Middle East, representing over 10,000 hospital
beds, and has been used to complete over 200 patient flow
performance reviews across five countries.
“It is gratifying to note that after extensive evaluation, due
diligence and review, the NHS has determined VitalHub should be one
of two clinical utilization review and management solutions
providers offered through their streamlined (Framework) procurement
process,” said Dan Matlow, CEO of VitalHub Corp. “We believe this
will significantly aid in our ability to disseminate the Company’s
clinical utilization management solutions across UK trusts, and
continue to provide clinical patient visibility and resource
management tools that are continuing to become of greater
necessity, especially amid the post-COVID pandemic landscape.”
ABOUT VITALHUB:
VitalHub develops mission-critical technology
solutions for Health and Human Services providers in
the Mental Health (Child through Adult), Long Term
Care, Community Health Service, Home Health, Social Service
and Acute Care sectors. VitalHub technologies
include Blockchain, Mobile, Patient Flow, Web-Based Assessment
and Electronic Health Record 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 200+ clients
across North America. VitalHub is based in Toronto, Canada, with an
offshore development hub in Sri Lanka. The Company is publicly
traded on the TSX Venture Exchange 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, including the share consolidation
proposal, 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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