VitalHub Subsidiary HInext Adds 16 New Customers in New York State
28 February 2018 - 11:00PM
VitalHub Corp. (the “Company” or “VitalHub”) (TSX-V:VHI) is pleased
to announce that its subsidiary HInext Inc. (“HInext”) has obtained
16 new customers in New York State, through the BH-IT funding
program for Adult Behavioral Health Home and Community Based
Services (“BH HCBS”) providers.
Several ongoing New York State health initiatives rely on a
transition to electronic health records and electronic billing
systems. In 2016, New York State allocated funding for Adult BH
HCBS providers through the Behavioral Health Information Technology
Grant Program (“BH-IT”), to help support this transition.
HInext was successful in making it through a rigorous vetting
process, and as a result of their superior services and product
offering, was able to obtain 16 new customers (nine directly in New
York City, and another seven across New York State, through the
first phase of the program. The 16 new customers comprise a variety
of mental health and community support organizations.
HInext’s flagship product, “TREAT”, is a BH-IT qualified vendor
for Home and Community Based Services (“HCBS”) as defined by the
Department of Health, Office of Alcoholism and Substance Abuse
Services and the Office of Mental Health in the State of New York.
TREAT attracted many customers for its flexibility to accommodate
the requirements of both HCBS programs as well as organizations’
existing services and programs, such as Harm Reduction and
county-funded services.
HInext will have an opportunity to expand its number of New York
State customers, as they experience continued success with
implementations across the BH-IT program.
"The addition of 16 new customers through the BH-IT program
validates our growth in the New York State market,” said Peter
Catford, CEO of HInext and Chief Strategy Officer at VitalHub.
“These 16 new customers bring us to a total of 21 total customers
across New York State, affording us a solid foundational base to
continue our plans to expand our services into the future."
“The addition of these 16 customers further validates VitalHub’s
ability to expand into the US market,” said Dan Matlow, CEO of
VitalHub. “Our goal is to continue to with our US expansion
initiative with both the TREAT solution and our newly introduced
“WellLinc” Blockchain interoperability solution. It is promising to
see that our investment in HInext is already showing a solid return
through the addition of these new customers.”
ABOUT HINEXT:
HInext offers TREAT, a Meaningful Use certified cloud-based
Electronic Health Record (EHR) for behavioral health, designed with
a client-centered focus on recovery. TREAT’s multi-disciplinary
care plans, integrated workflow, and user-friendly design have made
it a leader in care coordination, and a preferred solution for
community behavioral health agencies across the nation. HInext is a
wholly-owned subsidiary of VitalHub Corp.
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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