VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce that recently acquired subsidiary, Transforming
Systems, has developed an elective care module, SHREWD Elective, in
cooperation with National Health Service (NHS) England. SHREWD
Elective.
The Elective module was developed in response to
the need of NHS England to manage the growing pressure in planned
care across the country. The proof of concept has been tested at
Medway Foundation Trust and now proven and operational, has been
purchased and is being implemented across the remaining 6 hospitals
in the Kent and Medway region, with further discussions ongoing
throughout the UK, presenting significant opportunity for future
expansion.
“Having had such great success with the SHREWD Resilience module
in our Urgent Care Pathway, we were eager to get involved when we
were approached by NHS England to support the development of the
SHREWD module for Elective Care. We engaged multiple providers and
CCG stakeholders to work collaboratively with Transforming Systems,
to understand what this tool would look like and the results so far
are extremely impressive,” said Benn Best, Divisional Director of
Operations Planned Care at Medway Foundation Trust.
“Essentially, SHREWD Elective gives us everything we need to
know about the system at the drop of a hat, all in one place, live
and through our handheld devices, giving us an indication of what
is going on in the hospitals, as it happens. We use the tool
regularly every day, as it gives us that all-important ‘helicopter
view’ that has never been seen before in Planned Care. This
immediate view of patients waiting, in terms of polling, allows
decisions to be made and vital information and resource to be
shared, ultimately saving time for everyone, especially for our
patients."
“What’s also great about the tool is that it is not labour
intensive and so doesn’t require a large BI Team working in the
background for us; once set up the data feeds are automatic,
meaning it serves its purpose immediately. It’s not a tool to
question why the wait times are long, it’s not validated data so
it’s simply live data that allows us to make better decisions, in
the moment, to improve the long-term outcomes for our
patients.”
“With the addition of Independent Sector
information, this is the operational tool of the future for
Elective Care, with everything you need for management resourcing
all in one place.”
Resource optimization, capacity planning, and
patient flow management are essential in elective (or planned)
care. To-date, there has been a lack of systems that provide a
single, automated view, capable of capturing available capacity
data from the whole health system in real-time. Newly acquired
VitalHub subsidiary, Transforming Systems, had already established
a portfolio of SHREWD product modules to facilitate operational
performance improvement and whole-system oversight and assurance,
and are now broadening their suite of tools to include a new way to
understand and react to pressure in Elective Care.
The SHREWD Elective module displays complex
data, taken from a wide range of systems that can include
independent sector, community and public health information, as
well as from the acute sites, in order to show where there is
increasing demand and available capacity in the planned care
pathway. This provides prescriptive intelligence that is critical
to empowering decision makers to operationally manage patient flow
across a wider footprint. This real-time visibility enables health
systems to unite and take action by funnelling and reallocating
patients efficiently, utilizing all of their available capacity and
reducing backlogs and unnecessary wait-times for patients.
“It is gratifying to see health authorities
coming to us to develop much-needed solutions,” said Dan Matlow,
CEO of VitalHub Corp. “The Elective module was developed as a
direct response to requests from our customers to be able to easily
view essential demand and capacity data across systems, on a
regional basis. We have seen considerable interest for tools that
can provide a comprehensive view into elective care planning and
optimization for some time now, and we expect to see growth in
adoption of this model within our existing customer base and
beyond. Additionally, with the significant impact that COVID-19 has
had on health systems around the world, and the pressures that
health systems will face in the coming years, we are excited about
the opportunity to improve efficiency and meet these
challenges.”
“Our focus has always been about improving flow
and saving valuable time; for clinicians, for managers and
strategic leaders alike, but more importantly for patients,” said
Lisa Riley, Strategy and Partnership Director of Transforming
Systems. “We have over 10 years of expertise in urgent and
emergency care and so with the landscape changing as it is
currently, in light of COVID, it makes absolute sense that we apply
all that we have learnt and developed in that time to support the
NHS even further to help them to maintain and improve patient flow
in Elective care.”
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, the SHREWD Platform 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 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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