VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce the introduction of recently acquired Transforming
System’s SHREWD COVID-19 Management Tool to the Canadian
marketplace.
As COVID-19 began to cause significant impact on
the global economy and health care system, VitalHub subsidiary,
Transforming Systems, was commissioned by the United Kingdom’s
National Health Service (NHS) to identify a support solution in
order to reduce the load on the UK health care system. Utilizing
their SHREWD product portfolio and in consideration of the current
COVID-19 pressures being faced across the UK and the world,
Transforming Systems developed the SHREWD COVID-19 Management Tool,
a scalable solution that offers strategic operational oversight for
the whole health system.
The SHREWD platform has been met with strong
adoption in the UK marketplace, with 27% of the NHS currently using
SHREWD product solutions, and 37 Clinical Commissioning Groups
(CCGs), Sustainability and Transformation Partnerships (STPs), and
Integrated Care Systems (ICSs) having already adopting the new
COVID-19 solution. Specifically, the SHREWD COVID-19 Management
Tool allows local health economies to see key information that is
pertinent to COVID-19 in real time and that spans across multiple
providers. This ensures that vital data is available both
operationally, to manage what is happening on the ground for the
teams involved, as well as strategically, in terms of oversight and
assurance.
The solution is a real-time data-sharing
platform that can streamline and automate sitrep processes, across
multiple providers, and deliver whole system visibility in seconds.
The COVID-19 dial and heatmap displays complex operational data,
enabling teams to respond effectively to the current outbreak. The
key features include:
- Confirmed & suspected COVID-19
cases
- ICU & bed capacity
- Ventilator availability
- ED activity & performance
- PPE stocks
- Staffing levels/management
Importantly, SHREWD COVID-19 allows regional and
provincial authorities to get an integrated view of this type of
data, which has been a known challenge and difficulty to obtain in
real time, let alone without multiple-week delays. Due to the
continuously changing nature of the COVID-19 crisis, the customer
is able to adapt and add to these data sets with immediate effect,
such as the addition of critical care home data and independent
sector capacity availability. This solution can be implemented
within 7-14 days, offering health systems a highly accessible and
near-immediate impact.
“VitalHub is introducing the SHREWD COVID-19
solution into the Canadian marketplace having seen a strong uptick
in transactions and usage in the UK environment,” said Dan Matlow,
CEO of VitalHub Corp. “With the second wave impending, it’s a
necessary tool suite that we’re already begun seeing interest in.
We haven’t seen anything like this in the Canadian marketplace, and
recognize this product’s ability to meet a significant, unaddressed
need. The solution is highly complementary to our Oculys product
set, and we expect it will be responsible for a meaningful portion
of the Company’s organic growth.”
ABOUT TRANSFORMING SYSTEMS HEALTH
INFORMATICS INC.
In 2015, Transforming Systems began
commercializing their solutions to help the NHS solve a fundamental
challenge surrounding lack of access to real-time information
across its multitude of services. Developed over the course of a
6-year R&D process, Transforming Systems’ product portfolio,
SHREWD, aims to solve the challenge of capturing and transforming
high quality data on fluctuating scales, from varying sources.
The product portfolio facilitates secure,
real-time data collection, analysis and forecasting, at a price
that is accessible to all health and social care commissioners.
Once captured, data collected via the SHREWD empowers NHS teams to
determine actionable insights from a wide range of healthcare data,
leading to improved organizational efficiencies and resource
utilization, ultimately aiming to improve the delivery of patient
care.
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 275+ 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 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, 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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