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 Black Country Integrated Care Board
(“ICB”) (“Black Country” or the “ICB”).
After an extensive procurement process, VitalHub is delighted to
announce this multi-year licensing contract with Black Country – a
unique ICB with 4 Acute provider organizations with multiple sites
across a vast and diverse region. Serving a population of nearly
1.3 million people, the entirety of the ICB will benefit from this
sale, accessing the ability for system-wide oversight of real time
pressure, capacity and demand to support system wide mutual aid /
decision making.
The Black Country region is made up of four distinct places:
Dudley, Sandwell, Walsall and Wolverhampton. The following ICB care
organizations are included in this contract:
(i) |
Black Country Healthcare NHS Foundation Trust |
|
- Bloxwich
Hospital- Bushy Fields
Hospital Dorothy Pattison
Hospital- Edward Street
Hospital- Hallam Street
Hospital- Heath Lane
Hospital- Macarthur
Centre- Newton
House- Orchard
Hills- Penn
Hospital- Pond
Lane- Ridge Hill |
(ii) |
The
Dudley Group NHS Foundation Trust |
|
- Corbett
Hospital- Russells Hall
Hospital |
(iii) |
Dudley
Integrated Health and Care NHS Trust (DIHC) |
(iv) |
The
Royal Wolverhampton NHS Trust |
|
- Cannock Chase
Hospital- New Cross
Hospital- The Phoenix
Walk in Centre- The Royal
Wolverhampton NHS Trust Community
Services- West Park
Rehabilitation Hospital |
(v) |
Sandwell
and West Birmingham Hospitals NHS Trust |
|
- City
Hospital- Leasowes
Intermediate Care- Rowley
Regis Hospital- Sandwell
General Hospital |
(vi) |
Walsall
Healthcare NHS Trust |
(vii) |
Manor
Hospital |
Expected benefits conveyed to Black Country ICB through this
contract will include (i) providing the ICB network with a system
control centre enabling a single version of the truth, offering
visibility across all providers in the systems in one place,
reducing inconsistency and variation, (ii) improved resource
deployment, utilizing available capacity to meet demand at times of
pressure, (iii) reducing inefficient administration, allowing
faster deployment of resources, (iv) reduced workload imbalances
and overall system pressures, among several others.
For background, 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. The
SHREWD Resilience offering enables the whole health and social care
system within a defined area with access to real-time data.
Resilience displays data in a way that is simple to understand by
visually identifying areas of pressure quickly. Resilience equips
front line teams and operational leaders with a real time view of
the situation that is available in around three seconds. Users can
then ‘drill down’ into the precise reason for that pressure within
a few clicks. Thereby, enabling users to focus on where support is
needed to improve flow.
“We are excited to have the opportunity to support Black Country
ICB, as we continue to deploy our products and services across the
UK marketplace,” said Dan Matlow, CEO of VitalHub Corp. “Black
Country ICB is a vast and significant health system, encompassing
many care centers across a large region. This sale marks our
opportunity to continue to enhance our ability to support
populations and care systems across the United Kingdom, and
beyond.”
ABOUT BLACK COUNTRY INTEGRATED CARE BOARD
The Black Country is a hugely diverse area and made up of four
distinct places: Dudley, Sandwell, Walsall and Wolverhampton. Black
Country ICB is a statutory NHS organization responsible for
developing a plan for meeting the health needs of 1.26 million
people in the Black Country region of the United Kingdom. The ICB
manages the NHS budget for the area and arranges for the provision
of health services locally. As an Integrated Care Board (ICB),
Black Country also responsibility for Primary Medical Services
(GPs) and for dental, optometry and pharmacy, and some specialized
services across the region.
ABOUT VITALHUB
Software for Health and Human Services providers designed to
simplify the user experience and optimize outcomes. VitalHub
develops mission-critical technology solutions for Health and Human
Services providers in the Mental Health (Child, Youth & Adult),
Long-Term Care, Home Health, Community & Social Services and
Acute Care sectors.
VitalHub develops technologies in two primary categories:
Patient Flow, Operational Visibility & Patient Journey
Optimization solutions; and Electronic Health Record, Case
Management, Care Coordination & Optimization solutions. The
Company has a robust two-pronged growth strategy, targeting organic
growth opportunities within its product suite, and pursuing a
strategic M&A plan. Currently VitalHub serves more than 600
clients across Canada, USA, UK, Australia, New Zealand, 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
200 team members globally. 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 INFORMATIONDan MatlowChief Executive
Officer, Director(416) 727-9061dan.matlow@vitalhub.com
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