VitalHub Introduces Harm Reduction Software
May 14 2018 - 6:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSXV:VHI) is pleased
to announce the introduction of a harm reduction module, aimed at
the growing opioid epidemic facing North America.
Around 11.5 million Americans aged 12 and older misused
prescription pain medicine in 2016, according to the Substance
Abuse and Mental Health Services Administration. (CNN Library,
"Opioid Crisis Quick Facts," March 2018) Opioid addiction and
overdose is now the leading cause of death for Americans under 50.
In response to this rising crisis, governments are implementing
harm reduction programs and initiatives, aimed at lowering the
incidence and severity of harmful effects attributed to opioid (and
other) drug use. (Huffington Post, Nov 2017)
VitalHub has identified a significant need for a software
solution that addresses the requirements of harm reduction
programs, and has developed a Harm Reduction Solution to meet the
growing market demand. VitalHub’s Harm Reduction module, developed
on the TREAT EHR platform, can be implemented as a standalone
solution or as an extension of the TREAT EHR platform, and is used
by Community Health Service and Addiction Centers to facilitate
their services and better manage their client and billing
requirements.
The first sale of VitalHub’s Harm Reduction solution will be
used to support a program by the Injection Drug Users Health
Alliance (“IDUHA,” http://iduha.org) in New York State.
VitalHub has licensed the Harm Reduction module to 7 of the 22
IDUHA Community Health Agencies, that are existing TREAT customers,
to be implemented to support the rollout of a Medicaid-sponsored
harm reduction program that goes live July 1, 2018.
Globally, there has been a push toward implementing harm
reduction programs as a new way to confront the opioid epidemic.
Several countries that have implemented harm reduction programs
experienced dramatic improvements, including reducing drug-related
deaths by 50%, and lowering drug-related crime." (Global Commission
on Drug Policy, Nov 3, 2017)
Funding for harm reduction programs is strongly on the rise, and
these programs require software solutions to be run and managed
effectively. VitalHub intends to expand the use of its harm
reduction software throughout Canada and the United States, and
aims to contribute toward the overall success and sustainability of
these essential programs.
“With the many changes in health care and the ability to bill
for harm reduction services, we saw the need for a program that
would effectively maintain our client records, and smoothen the
billing process without breaking the bank,” said Fernando Soto,
Founder/Executive Director, After Hours Project (IDUHA member
organization). “The TREAT Program is great; it allowed us to build
the elements of our program into the software step-by-step, and
modify the software to include harm reduction specific templates
that will be used to support the documentation of our specialty
services. Overall the price was reasonable and the product is
great!”
“We are looking to support our customer’s requirement to provide
the highest quality of care to their clients and to expand our
reach, and the opioid epidemic represents a significant opportunity
to make an impact,” said Dan Matlow, CEO of VitalHub. “We believe
funding by government agencies is going to continue to be
introduced toward addiction and opioid-related issues, and the
market need for solutions to implement and facilitate these
programs will continue to grow. We believe VitalHub’s solution can
add great value to these initiatives, and contribute toward the
overall improvement of this crisis.”
ABOUT VITALHUB:
VitalHub develops and supports mission-critical healthcare
information systems in the Mental Health (Child, Youth and Adult),
Long Term Care, Community Health Service, Home Health and Hospital
sectors. VitalHub technologies include Blockchain, Mobile, and
Web-Based Assessment and EHR solutions.
VitalHub's aim is to create high-value, secured solutions
enabling interoperability among existing health data systems.
VitalHub is primarily focused on working with organizations in the
Mental Health, Acute and Long-Term Care space, to further extend
organization's applications across the continuum of care, powered
by the security, efficiency, and trust of Blockchain
technology.
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 200+ clients
across North America. 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
The TSX Venture Exchange has in no way passed upon the merits of
the transactions and has neither approved nor disapproved the
contents of this press release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this press release.
CONTACT INFORMATION
Dan MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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