VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce the sale of DOCit, an innovative, cloud-based forms and
task management mobile app for Long Term Care providers, to
Caressant Care Nursing and Retirement Homes Limited (“Caressant
Care”).
Caressant Care owns and operates 15 Long Term Care homes and 10
adjoined Retirement homes across Ontario, striving to provide
excellence in care to its 2,000+ residents. This sale to Caressant
Care marks an important multi-site deployment of the DOCit app, as
Caressant Care will leverage the application’s multi-site reporting
capabilities allowing for organization-wide trending, multi-site
data analytics and benchmarking.
The DOCit mobile app will allow Caressant Care’s direct care
staff to become truly mobile; replacing manual paper forms,
schedules, task lists, etc., providing mobile access through the
integration of smartphones and tablets into clinical workflow.
DOCit provides the ability to organize tasks and record critical
resident activity when it happens in real time. DOCit has
demonstrated positive effect on improving care quality, saving time
and cost, ensuring data accuracy, and increasing staff
satisfaction.
The sale of DOCit to Caressant Care comprises a two-year term,
with an option to extend to five years. The implementation
comprises two homes (in Woodstock and Cambridge, Ontario) totalling
242 beds, and will serve as a precursor to scaling across Caressant
Care’s additional 13 Long Term Care homes.
“As part of our ongoing commitment to technology, safety,
quality, and innovative processes, we are excited to implement
VitalHub’s DOCit solution,” said Kim Leuszler, COO of Caressant
Care. “We see tremendous value in a mobile solution that can
streamline workflow for our staff, while providing immediate and
reliable access to important resident data at the point of care.
The implementation of DOCit will help facilitate Caressant Care’s
standardization of clinical documentation processes, as we continue
to innovate and invest in providing the highest standards of
care.”
“We are excited to work with Caressant Care to deploy DOCit
across our first multi-site DOCit customer organization,” said Dan
Matlow, CEO of VitalHub Corp. “As we continue to grow the business,
it is encouraging to see multi-site facilities recognizing the
value of the individual solutions which constitute our robust suite
of Health IT offerings and services. We hope that this sale to
Caressant Care becomes a showcase of the power, flexibility, and
accessibility of the DOCit app for other multi-site
facilities.”
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".
ABOUT CARESSANT CARE:
Caressant Care was founded in 1975 with a 60-bed Long Term Care
Home in Woodstock, Ontario. Caressant Care now owns and operates 15
Long Term Care homes and 10 Retirement homes (which are all
adjoined to a Long Term Care home).
Caressant Care homes are located primarily in small towns in
Ontario. Many residents are friends, neighbours and even family
members of their staff. This small-town atmosphere is evident by
the care, respect and helpfulness shown by all Caressant Care
staff.
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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