VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce that with its recent acquisition of the Oak Group Inc.
(“Oak Group”), it will be introducing Patient Care Management and
Flow Reviews in Canada, with plans for future international
expansion, building on the work that the Oak Group has developed in
Europe, Australia, and the US.
VitalHub will be rolling out the Patient Care Management and
Flow Review program (the “Reviews”) leveraging its MCAP (Making
Care Appropriate for Patients) solution. MCAP is designed to
facilitate improvement of care quality and reduction in delivery
costs by identifying patients in the acute and community hospital
settings whose care could be delivered in an alternative setting.
The Reviews are also applicable to mental health and substance
abuse patients.
MCAP is a decision support solution that is based on an
objective analysis of individual patient care service requirements
against evidence based criteria sets to optimize the provisioning
of care and delivery of services. MCAP identifies patients that are
clinically suitable for discharge or non-admission. Typical Review
results have identified that approximately 25% of admissions and
50% of continuing care days that could be avoided or provided at
alternative care options; resulting in significant cost savings
opportunities and improved patient outcomes.
There are more than 70,000 hospital beds in Canada spread across
~1,500 hospitals. Many of these beds are being occupied by patients
who no longer require the specialized and costly care of a hospital
setting. By removing inefficiencies from a resource-constrained
system, the MCAP patient flow solution has the potential to yield
considerable cost-savings, while reducing the wait times that
currently impede patients from receiving the care they need, when
they need it. Uniquely, the MCAP solution is able to deal
efficiently with patients with complex and co-occurring conditions,
including those with both medical-surgical and mental health
issues.
MCAP will be presented as a salve for supporting health
ministries in Canada that are under considerable pressure to
deliver timely and high quality care with significant cost
constraints. When looking at the issue of hallway healthcare in
Ontario, it is clear that MCAP addresses the root cause of the
problem;
“Hallway health care is a significant problem in Ontario. The
entire health care system is too complicated to navigate, people
are waiting too long to receive care and too often are receiving
care in the wrong place; as a result, our hospitals are crowded.
The Premier’s Council on Improving Healthcare and Ending Hallway
Medicine has been tasked with providing advice to government on how
to solve this problem and improve health outcomes across the
province […] including the potential to integrate health care and
introduce technology solutions to build strong and efficient
community and hospital services, support better outcomes for
patients, and to fix the problem of hallway health care.”
(Premier’s Council on Improving Healthcare and Ending Hallway
Medicine, Ontario Ministry of Health and Long-Term Care)
VitalHub plans to introduce its patient flow solution by
continuing to work with international professional services firms
such as McKinsey, PwC, E&Y, Deloitte, and KPMG, providing them
with support in using MCAP to collect quantitative diagnostic
information to support the services they provide to their
clients.
“Care Management is a timely topic, especially given the high
emphasis surrounding appropriateness and efficiency of care
delivery in the Ontario market,” said Dan Matlow, CEO of VitalHub.
“We believe our proven care management and patient flow diagnostic
program will be well-received as hospitals move toward integrating
software solutions designed to improve patient flow, and eliminate
unnecessary costs from an already resource-burdened system. We are
very excited about the growth opportunity and see significant
potential to further expand international distribution of this
product.”
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
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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