VitalHub Announces Contract to Support EY Engagement in the Kingdom of Saudi Arabia by Delivering Patient Appropriateness Rev...
25 November 2019 - 11:37PM
VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce it has partnered with the Ernst and Young (EY) team to
provide healthcare intelligence using its MCAP solution to support
the optimization of healthcare delivery services for the Kingdom of
Saudi Arabia’s Ministry of Health.
EY’s Middle East and North Africa (MENA) health practice has won
a large engagement to support the Kingdom of Saudi Arabia’s
Ministry of Health (the “Ministry”) with its “Ada’a Health”
performance improvement program in the Northern and Eastern Regions
of the country. Ada’a Health is one of the world’s leading
large-scale healthcare improvement programs, focused on achieving
improvement in clinical and operational performance across the
health system of the Kingdom of Saudi Arabia.
EY has selected VitalHub to conduct Patient Appropriateness
Reviews (PARs) in support of their Ada’a Health contract. The PAR
is a comprehensive study of factors influencing patient care,
designed to determine if resources and services are being utilized
optimally, at an organizational scale.
The PARs utilize VitalHub’s MCAP (Making Care Appropriate for
Patients) software, applying proprietary evidence-based clinical
criteria and a reporting module to analyse patient information and
determine if a patient has been admitted to or continues to stay at
the correct level of care to meet their medical needs.
VitalHub’s licensing of the MCAP product continues to
demonstrate strong growth potential, with the product currently
having 18 clients, across 52 hospitals, managing >10,000
hospital beds on a concurrent use basis. VitalHub subsidiary, the
Oak Group, has completed 170+ patient flow performance reviews
across seven different countries using the MCAP solution.
The net value of this contract for the Company is currently
being finalised but will be a combination of a one-time PAR license
and professional services. VitalHub plans to deliver the PARs and
other work associated with this project in the first half of
2020.
The EY engagement will improve performance data reporting,
develop frontline staff’s improvement skills, and identify, plan
and implement performance improvement projects in 50 hospitals and
over 200 primary healthcare centres across the Northern and Eastern
regions of the Kingdom.
“The Ada’a Health Program is a leading global example of
healthcare improvement. We are pleased to have VitalHub’s Oak Group
team working with us on this important program. Their clinical
analysis capability and MCAP solution is outstanding. It will help
us and our clients identify opportunities for real and rapid
improvements in healthcare delivery for the Kingdom of Saudi
Arabia,” said Andrew Hine, Partner, EY MENA
“We are pleased to be partnering with EY on this exciting
project, and the MCAP solution and our teams support comprising an
important component of their work,” said Dan Matlow, CEO of
VitalHub Corp. “This project again demonstrates the international
applicability of the MCAP solution to improved patient flow and
healthcare service delivery and reinforces the value of VitalHub’s
targeted M&A strategy.”
ABOUT VITALHUB:
VitalHub develops mission-critical technology
solutions for Health and Human Services providers in
the Mental Health (Child through Adult), Long Term
Care, Community Health Service, Home Health, Social Service
and Acute Care sectors. VitalHub technologies
include Blockchain, Mobile, Patient Flow, Web-Based Assessment
and Electronic Health Record solutions.
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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