VitalHub Announces Licensing of B Care EHR to the Toronto Grace Health Centre to Replace Multiple Legacy Systems and Provide ...
January 02 2019 - 6:30AM
VitalHub Corp. (the “Company”) (TSXV: VHI) is pleased to announce
the sale of B Care to The Salvation Army Toronto Grace Health
Centre (“TGHC”).
TGHC sought a comprehensive, web-based Electronic Health Record
that would support their patient’s journey and allow caregivers to
provide seamless, integrated care across their organization from
pre-registration through to discharge, for both In-Patient and
Ambulatory and Community-based Programs. An integrated Pharmacy
Information System and eMAR are key functional requirements to
ensure that patient safety at TGHC is enhanced through an efficient
and effective medication dispensing, administration and
reconciliation workflow.
This sale follows a lengthy and extensive evaluation undertaken
by TGHC of competitive EHR solutions that included visits to key
clients. The initial deployment will be hosted on-premise and
includes an option for TGHC to transition to a Software As A
Service agreement if desired.
This project is being deployed in three phases. TGHC has
contractually committed to Phase One, with the intent to deploy the
other phases over a period of 18-24 months. The first phase
will include the implementation of the ADT (Admission, Discharge
and Transfer), EMPI (Enterprise Master Patient Index) and various
interfaces to third party systems. Phases two and three will
focus on the implementation of Clinical Documentation including a
variety of canned assessments and conclude with the deployment of
the Pharmacy Information System, Order Entry and eMAR (Electronic
Medication Administration Record).
The revenue associated with the three phases of this project is
anticipated to exceed $1M with approximately 60% of that total
allocated to software licensing.
TGHC plays a vital role providing patient-centered care for
individuals with multifaceted chronic diseases who require Complex
Continuing Care, Post-Acute Care Rehabilitation and Palliative
Care. Operating in the heart of downtown Toronto it’s renowned for
the compassionate care that it provides and the clinical excellence
of its team. “Our vision at the Grace is to provide an integrated
EMR solution that will not only improve efficiencies across the
facility but will provide excellent healthcare for our patients
with better clinical decision making tools for our
clinicians. The B Care software will enable TGHC to fulfil
this vision,” said Ralph Anstey, CFO, TGHC.
“We are looking forward to initiating this project with the
Toronto Grace. They join a large community of VitalHub customers in
Ontario and the rest of Canada that have chosen to deploy B Care to
meet their electronic health record requirements, including health
service providers of a similar size that want to work with an
organization like ours that offers a highly configurable and robust
technology solution and an affordable price point. Toronto Grace’s
decision to license B Care underlines our view of the EHR market,
which is that there is ample opportunity to grow and add value to
organizations that offer specialized services and are in need of
cost effective, scale-appropriate solutions at a fraction of the
cost of the HIS solutions used by large hospitals,” said Dan
Matlow, President and CEO, VitalHub.
ABOUT VITALHUB:
VitalHub develops and supports mission-critical information
systems in the Social Service, 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, Client Management and Electronic Health
Record 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 200+ clients
across North America. VitalHub is based in Toronto, Canada, with an
offshore innovation hub in Sri Lanka. The Company is publicly
traded on the TSX Venture Exchange under the symbol "VHI".
ABOUT THE TORONTO GRACE HEALTH CENTREToronto Grace Health Centre
(TGHC) is a 119-bed facility owned and operated by The Salvation
Army located in the heart of downtown Toronto. Toronto Grace is
renowned for the compassion, clinical excellence and
patient-centered care. The heart of patient-centred care is
recognizing that each person has individualized priorities and
goals, and each care plan reflects this. Through understanding and
appreciating the complexity of day-to-day life, Toronto Grace
provides patient-centered care for individuals with multifaceted
chronic diseases who require Complex Continuing
Care, Post-Acute Care Rehabilitation and Palliative
Care.
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, including the share consolidation
proposal, 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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