VitalHub Corp. Benefitting From Recent UK Government Initiatives
08 January 2024 - 11:30PM
VitalHub Corp. (the “Company” or “VitalHub”) (TSX:VHI)
(OTCQX:VHIBF) is pleased to announce the United Kingdom (UK)
government’s investment in System Coordination Centre (SCC) medical
technology, aimed at alleviating the capacity strain on the NHSE
(National Health Service England). VitalHub’s SHREWD technology
platform provides an operational situation dashboard, which is
being incorporated into Integrated Care Systems (ICSs). This system
will generate proactive alerts, enhancing the quality and longevity
of health and care services for local communities.
In the UK, 42 Integrated Care Systems (ICSs)
operate as partnerships uniting together NHSE, local health, and
care organizations. Together they develop plans to improve the
long-term health and care services for people and communities.
Acknowledged as the future of health and care integration, ICSs
play a pivotal role in both the NHSE Long Term Plan and Health and
Care Act, according to NHSE leaders.
System Coordination Centres (SCCs) play a
crucial role in ensuring the highest quality of care across all
health disciplines. They manage clinical risk within and across
acute, community, mental health, primary care, and social care
services while overseeing system demand, capacity, and risk
mitigation. Recent new funding is earmarked to enhance patient
care, reduce waiting lists, expedite diagnoses, and introduce
innovative methods for treating patients. It will also encourage
the adoption of technologies such as virtual wards for remote
patient care and wearable devices for monitoring chronic conditions
from the comfort of one's home.
"We are extremely pleased to be directly
benefiting from the contribution of the UK government’s ongoing
commitment to provide best in class healthcare. This program will
support key NHS priorities to address the requirements of ICS to
have Smart System Control implemented as a SCC,” commented Dan
Matlow, CEO of VitalHub. “We are delighted to support this region
through our world class SHREWD suite of offerings. SHREWD
operational situation dashboards allow users to easily identify
where local urgent care system pressures are developing, and to act
through proactive alerts, inbuilt teleconferencing and paperless
audit systems. We view this investment as furtherance to the
growing opportunities we enjoy in markets for our products and our
market-leading position.”
ABOUT VITALHUB
Software for Health and Human Services providers
designed to simplify the user experience and optimize outcomes.
VitalHub Corp. (the “Company” or “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 & Optimization, and
Patient Flow & Operational Visibility solutions.
The Company has a
robust two-pronged growth strategy, targeting organic growth
opportunities within its product suite, and pursuing an aggressive
merger and acquisition (“M&A”) plan. Currently VitalHub serves
more than 1,000 clients across Canada, USA, UK, Australia, 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 350 team members globally. The
Company is publicly traded on the Toronto Stock Exchange (TSX)
under the symbol "VHI" and on the OTC Markets OTCQX Exchange under
the symbol “VHIBF”.
CAUTIONARY STATEMENT
Certain statements contained in this news
release may constitute "forward-looking information" or "financial
outlook" within the meaning of applicable securities laws that
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
information or financial outlook. 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. Although the Company 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 Company 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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