VitalHub Introduces WellLinc Interoperability Solution
07 February 2018 - 11:00PM
VitalHub Corp. (the “Company” or “VitalHub”) (TSXV:VHI) announced
today the introduction of WellLinc, a proprietary electronic health
record (“EHR") interoperability solution powered by blockchain
technology.
WellLinc leverages blockchain technology to address multiple
challenges associated with the exchange of health information
across the continuum of care. A major problem exists wherein
segregated records, lack of interoperability, and various security
constraints prevent care providers from accessing critical
information required to ensure informed and appropriate delivery of
care.
VitalHub’s WellLinc solution targets this problem directly,
using blockchain technology to enable the secure and interoperable
exchange of critical patient health data, across the continuum of
care.
The Company has chosen the mental health space as an initial
area of focus, both due to the sheer size of the market
opportunity, and having identified serious gaps in mental health
care delivery that result from inadequate access to available
patient health information. VitalHub has significant domain
expertise building solutions for mental healthcare, and have
numerous existing customers in need of such solutions.
Various research exists on the impact and cost of mental health
conditions, such that "the global cost of illness for mental health
conditions in 2010 was estimated at US $2.5 trillion, with the cost
projected to surge to US $6.0 trillion by 2030." (The Global
Economic Burden of Non-Communicable Diseases, World Economic Forum
and the Harvard School of Public Health) VitalHub believes that
blockchain solutions such as WellLinc hold the potential to
significantly improve many of the challenges healthcare providers
are currently facing across the mental health landscape, and
digital health more broadly.
“After extensive market analysis, and technological research and
development, we believe we are pioneering and leading the way
toward creating a globally viable enterprise solution that can make
electronic mental health records interoperable across the continuum
of care using blockchain technologies,” said Dan Matlow, CEO of
VitalHub. “With an install base of over 300 organizations that use
our mental health solutions, we believe we have the foundation to
begin commercializing the WellLinc solution.”
Working in partnership with the Hyperledger Foundation, VitalHub
is building WellLinc using the Hyperledger Fabric Platform.
ABOUT VITALHUB:
VitalHub uses web, mobile, and Blockchain technology to create
disruptive SaaS-based healthcare applications that solve
industry-wide problems. VitalHub's aim is to create high-value,
secured solutions that enable broad interoperability among existing
health data systems. Vitalhub is primarily focused on working with
organizations in the Mental Health 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
The TSX Venture Exchange has in no way passed upon the merits of
the transactions and has neither approved nor disapproved the
contents of this press release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this press release.
CONTACT INFORMATION
Dan MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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