VitalHub Announces Two New Deals for VH LTC Solution
19 June 2018 - 9:30PM
VitalHub Corp. (the “Company” or “VitalHub”) (TSX-V:VHI) is pleased
to announce two new sales of its VH LTC solution.
The VH LTC solution is designed specifically for Long-Term Care
and retirement living, streamlining the way frontline staff access
information about their Long-Term Care residents.
The solution enables front line clinicians to become mobile,
providing fingertip access to what used to be manual paper forms,
schedules, task lists, etc. VH LTC integrates smartphone and tablet
technology into clinical workflow, creating the ability to document
and record critical resident information at the point of care, and
enabling the automated transition of care and workflow management,
observation tracking, interdisciplinary communication and team
collaboration.
VH LTC was created in conjunction with the MaRS Solution Lab and
the Ministry of Govt. and Consumer Services, as part of an
experimental program launched in 2016 in Ontario called
“Procurement by Co-Design.” The program enables the public sector
to partner with innovative technology and service vendors to
collaboratively create cutting edge, impactful solutions to
pressing and complex healthcare challenges.
VitalHub and Trinity Village were one of four procurement grant
winners selected from among 17 competing teams in the 2017 cohort;
and were selected to design a mobile app for Long-Term Care
frontline staff. The result was the creation of the VH LTC
solution, which has been running at Trinity Village, a
not-for-profit organization with 150 Long-Term Care beds.
As a result of the positive reception and impact of VH LTC as
demonstrated through its pilot at Trinity Village, VitalHub has
completed two new licensing deals of the product. The first sale
was completed with Saint Luke’s Place, a charitable, Non-Profit
seniors’ residential facility located in Cambridge, Ontario,
operating 114 Long-Term Care beds, 4 of which are designated as
Veterans Priority Access beds.
The second sale was completed with Golden Dawn Senior Citizens’
Home, a private Canadian registered charity dedicated to the
care of the elderly. Golden Dawn operates a Long-Term Care
Facility and Senior Citizen Apartment complex located in
Lion's Head, Ontario, and has 45 Long-Term Care beds.
“It is gratifying to see the vision that started as an
innovative idea become reality,” said Debby Riepert, Chief
Operating Officer, Trinity Village. “Initially, VH LTC was
validated through the gains and improvements in efficiency our
organization experiences. Now, the purchase of VH LTC by other
homes across Ontario further reinforces the value of this product,
and its ability to significantly improve the delivery of care and
improve staff well-being.”
“We had a vision through the MaRS innovation project and we are
executing on our plan to build upon the successes of this product,”
said Dan Matlow, CEO of VitalHub. “We are encouraged by the growth
of our pipeline to continue VH LTC’s expansion, and expect this
product to produce deals on a quarterly basis.”
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
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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