TORONTO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- 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 INFORMATION
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com
