VitalHub Announces Multi Year Contract with Buckinghamshire, Oxfordshire and Berkshire Integrated Care System
July 18 2022 - 7:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) is pleased
to announce a multi-year licensing contract of subsidiary
Transforming System’s SHREWD Platform and SHREWD Resilience
offerings to Buckinghamshire, Oxfordshire and Berkshire Integrated
Care System (“BOB ICS”).
Berkshire West CCG is part of the Buckinghamshire,
Oxfordshire and Berkshire Integrated Care System spanning three
Clinical Commissioning Groups, six NHS Trusts, 14 local health
authorities, and 45 Primary Care Networks. In total, BOB ICS
provides care for a population of 1.8 million people across
southeast England.
Through this contract, BOB ICS will attain visibility of the
entire health system in real time, enabling improved resource
utilization, capacity and load balancing, and operational
efficiency. This contract provides access to the SHREWD Platform
and Resilience offerings across BOB ICS, further increasing
penetration of Transforming System’s offerings across southeast
England. With this deployment, SHREWD products will be installed in
four out of the six ICS’s in southeast England. The remaining two
ICS’s both using other VitalHub products, presenting a further
organic growth opportunity.
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.
SHREWD Resilience enables the whole health and social care
system within a defined area to access real-time data. Resilience
displays data in a way that is simple to understand and visually
identifies areas of pressure quickly. Resilience enables front line
teams and operational leaders to see a real time view of the
situation in around three seconds. Users can then ‘drill down’ into
the precise reason for that pressure within a few clicks. This
enables users to focus on where support is needed to improve
flow.
“We are delighted with the ongoing progress and deployment of
Transforming System’s products across the UK,” said Dan Matlow, CEO
of VitalHub Corp. “The power of real-time visibility solutions
offers incredible power to health systems, enabling improved
resource utilization, response times, and overall quality of care.
We look forward to continuing to expand our presence across the UK
and beyond, as we strive to provide best-in-class operational
visibility solutions to our clients.”
ABOUT BUCKINGHAMSHIRE, OXFORDSHIRE AND BERKSHIRE
INTEGRATED CARE SYSTEM
The Buckinghamshire, Oxfordshire and Berkshire West Integrated
Care System (BOB ICS) which covers a population of 1.8 million,
three Clinical Commissioning Groups (CCGs) including OCCG, six NHS
Trusts, 14 local authorities and 166 GP practices, working together
as 45 Primary Care Networks.
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
Vitalhub (TSX:VHI)
Historical Stock Chart
From Dec 2024 to Jan 2025
Vitalhub (TSX:VHI)
Historical Stock Chart
From Jan 2024 to Jan 2025