TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) is pleased to announce a multi-year licensing agreement of subsidiary Intouch with Health’s (“Intouch”) digital health platform by North Cumbria Integrated Care NHS Foundation Trust (the “Trust”).
North Cumbria Integrated Care NHS Foundation Trust is a new customer, contracting with VitalHub to digitalize its patient data collection processes and streamline its patient consultation services. The Trust delivers over 70 services across 15 sites, serving a population of over 500,000, and employing 6,500 staff.
This sale comes as a result of the Trust seeking to improve patient flow management across its clinical rooms, as a multi-site facility spanning across a large geographical region. Following patients’ paper trails between sites created undue operational stresses, with certain sites being as much as 40 miles apart. The Trust reported difficulty keeping track of the thousands of forms that are constantly in transit between sites, in some cases misplacing or losing forms in some cases.
The Trust will be receiving Intouch’s Flow Manager, eOutcomes, Room and Resource, and HL7 Channels solutions to address these challenges. These products are designed to increase room utilization and improve data recording outcomes. The Trust will now be able to manage clinical data remotely, which will increase patient flow and data organization. In turn, these solutions are expected to address the clinical room management issues the Trust is currently dealing with.
This partnership between the Company and the Trust is a multi-year, capital model licensing agreement, with an expected deployment time of four months. The Company is excited to engage in this new relationship and continue to grow its imprint in the UK Healthcare space.
“This sale provides further demonstration of VitalHub’s strong penetration across the National Health Services landscape in the United Kingdom, and beyond,” said Dan Matlow, CEO of VitalHub Corp. “With each new sale and customer relationship, we aim to continue to provide best in class health IT leadership, streamlining processes and improving operational efficiency across health systems.”
ABOUT NORTH CUMBRIA INTEGRATED CARE NHS FOUNDATION TRUST
North Cumbria Integrated Care NHS Foundation Trust was founded in 2007, and currently provides health services to a population of over half a million people. North Cumbria Integrated Care NHS Foundation Trust delivers over 70 services across 15 locations and employs 6,500 individuals. North Cumbria Integrated Care NHS Foundation Trust is devoted to building a community, with the focus of caring for – and improving the well-being of – people. North Cumbria Integrated Care NHS Foundation Trust is committed to building this community with the values of kindness, respect, ambition, and collaboration.
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 Toronto Stock Exchange (TSX) 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 Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com
