VitalHub Announces Patient Flow Solution to Address Needs of COVID-19 Pandemic
March 13 2020 - 6:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) announced
today the development of a patient flow and data visibility
solution to assist in response to the evolving COVID-19 crisis.
The Company is responding to requests from a number of its
clients to release a patient flow and data visibility solution to
provide essential information to care facilities to accommodate the
anticipated significant influx of patients into the health system
as a result of the COVID-19 pandemic. As screening centers are set
to open to give relief to overcrowded emergency departments,
healthcare providers are seeking solutions that can enable
real-time and accurate information allowing them to track which
patients are positive for COVID-19, optimize capacity, and manage
demand.
The most recent statistics from the Ontario Ministry of Health
show the average patient admitted to hospital prior to the
escalation of the COVID-19 pandemic, in January 2020, spent 18.3
hours in the emergency room until a bed became available on a ward.
In anticipation of preparing for a potential surge in demand
related to COVID-19, VitalHub customers are using its patient flow
solutions to support their pandemic planning and ensure that
they're prepared for the anticipated surge in demand.
VitalHub’s solutions are designed specifically for complex
hospital and regional environments, offering technology that
connects leaders and teams to the pulse of operations, from
patient-tracking to emergency department wait times to bed
utilization and patient flow bottlenecks.
“This pandemic is an evolving crisis that is worrisome to all,
and our healthcare providers and the regulators are acting
prudently in assessing and implementing solutions that can assist
in managing the potential of a significant surge in patients – we
will do everything we can to support them,” said Dan Matlow, CEO of
VitalHub Corp. “As a hosted-based solution, VitalHub has the
ability to develop and deploy our products and tools very quickly,
with the infrastructure in place to quickly deploy solutions that
provide important information to track COVID-19 patients, in
conjunction with the operational requirements needed to support the
evolving needs of the pandemic.”
VitalHub’s patient flow solutions are currently used in over 40
large hospitals and regions, across 6 countries, and can be used as
standalone products, or integrated into existing systems.
ABOUT VITALHUB:
VitalHub develops mission-critical technology
solutions for Health and Human Services providers in
the Mental Health (Child through Adult), Long Term
Care, Community Health Service, Home Health, Social Service
and Acute Care sectors. VitalHub technologies
include Blockchain, Mobile, Patient Flow, Web-Based Assessment
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 development hub in Sri Lanka. The Company is publicly
traded on the TSX Venture Exchange 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, 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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