VitalHub Announces Multi-Year Licensing Deal With North Cumbria Integrated Care NHS Foundation Trust
February 28 2022 - 7:30AM
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 MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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