VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce that recently acquired subsidiary, Transforming
Systems, has secured a 5-year recurring contract with NHS
Herefordshire and Worcestershire CCG to deploy the Company’s SHREWD
Resilience and Action products with partners across the region.
Prior to this 5-year, recurring revenue contract, the SHREWD
platform collectively serviced 28% of the entire population of the
UK. This deployment encompasses a meaningful continued expansion of
SHREWD’s presence and reach within the UK health economy and will
consist of a two-phased approach. The first phase is already seeing
successful engagement with all system partners in Worcestershire,
including the Acute Trust, Community, Ambulance and Social Care.
The second phase will encompass engagements with similar partners
in Herefordshire.
Located in the Midlands region of the United Kingdom, NHS
Herefordshire and Worcestershire CCG is responsible for the care of
a population of 800,000 individuals. The health economy has two
acute hospital trusts, with three sites in Worcestershire and one
in Herefordshire and represents an area with a considerably busy
urgent care footprint.
By way of background, Clinical Commissioning Groups (CCGs) are
responsible for overseeing the hospital and community NHS services
within their local STP. The Herefordshire and Worcestershire STP
comprises the following organizations:
- NHS Herefordshire and Worcestershire CCG
- Worcestershire Acute Hospitals NHS Trust
- Wye Valley NHS Trust
- Herefordshire and Worcestershire Health and Care NHS Trust
- West Midlands Ambulance Service NHS Trust
- Herefordshire County Council
- Worcestershire County Council
CCG commissioning involves deciding what services are needed for
diverse local populations and ensuring that they are provided. An
essential challenge in successfully accomplishing this directive
involved having a regional view toward understanding the demand,
capacity, and performance of services and resources across the
region, in order to facilitate appropriate allocation or resources,
load balance, and optimized planning.
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, enabling operational leaders
and front-line teams alike to access a real-time view of the
situation in a matter of seconds.
SHREWD Action, in combination with Resilience, is a cloud-based
add-on module for the SHREWD platform that allows users to easily
create and manage real-time escalation and response plans for the
urgent and emergency care pathway, across a whole health economy.
Taken together, the SHREWD platform offers regional health systems
a comprehensive solution through which they can easily and readily
monitor activity across their system, in real-time.
The partnership team at Transforming Systems have forged strong
relationships with the Worcestershire partners, built on local
knowledge and awareness of the challenges the area faces and the
opportunities that will be delivered using the SHREWD platform.
“We are delighted to have recently partnered with NHS
Worcestershire & Herefordshire CCG as we understand the
operational challenges they face with a considerably busy urgent
care footprint caring for a population of 800,000,” said Lisa
Riley, Vice President of Strategic Product and Partnership
Development at Transforming Systems. “Our SHREWD Resilience and
Action modules will offer the oversight and assurance required to
more effectively manage their urgent and emergency care pathways,
providing them with a single source of the truth and enabling them
to reduce pressure, manage demand and capacity and improve patient
flow across the whole health economy.”
“Governments and regional health bodies are demonstrating their
need to access real-time, systems-wide operational data to help
them better understand how their health economies are performing,”
said Dan Matlow, CEO of VitalHub Corp. “The pandemic has
significantly accelerated the need for improved resource planning
and operational visibility solutions, and we are seeing a
correspondingly strong increase in our recurring revenue growth as
a result. We are pleased that SHREWD has established a very strong
footprint across the UK, and this further regional contract deal
continues our expansion and growth across this market.”
ABOUT TRANSFORMING SYSTEMS
LTD.
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 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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