ORHub, Inc. (ORHB) Expands Operations at Nation's Second Largest Non-Profit Hospital System
15 February 2017 - 12:30AM
InvestorWire
New York, New York (NetworkNewsWire) – ORHub, Inc. (OTC PINK:
ORHB) (the "Company"), a cloud-based health care
software-as-a-service company focused on decreasing costs and
improving outcomes in surgical care, today highlights the expansion
of its pilot program to include one of the top five highest-volume
orthopedic hospitals in the United States. Partnership with this
customer, also rated a five-star hospital by the U.S. Centers for
Medicare and Medicaid, will deepen ORHub's presence in California
and supports the Company's commitment to help reduce cost in the
nation's health care system.
By demonstrating the effectiveness of ORHub, this new California
pilot increases the Company's penetration in a West Coast system
with more than 50 hospitals.
"We are very excited by this expansion of ORHub at a reputable
hospital," says ORHub Chief Medical Advisor, Dr. Richard Lee. "Even
as a top ranking surgery center, this customer is intrigued by the
productivity and insight our software produced at a sister hospital
in California, and we are confident our system will replicate this
success for our new partner. We believe that if ORHub can
successfully operate in this premier and high-volume environment,
the software should be an asset to any hospital."
The Company's new customer has multiple accolades,
including:
- One of only eight California hospitals recognized by Consumer
Reports as a "Highest-Rated Hospital" for knee and hip surgery for
2016
- Ranked as one of the top orthopedic hospitals in the nation,
two years in a row by U.S. News & World Report
- Highest-volume provider of joint replacements in California, as
reported by data from California's Office of Statewide Health
Planning and Development (OSHPD)
"This is a big step for us," says ORHub Chief Technology
Officer, Wesley Mitchell. "Our goal is to cut $250 billion out of
annual U.S. health care spending by reducing cost and increasing
efficiency in surgical operations, which is roughly one-third of
the $3 trillion spent on healthcare in the U.S. every year. Moving
forward with one of the most efficient hospitals in the nation
gives us a platform to show that what we are doing can have a
significant impact at any hospital, even one already praised for
its efficiency."
About ORHub, Inc.
ORHub is a cloud-based software platform focused on delivering
value-based medicine in surgical care. The company enables all
parties involved in surgical care to work together to organize,
deliver, measure, and reimburse in a single uniform process. This
allows for significant decreases in cost and improvement in
outcomes by eliminating inefficiencies, duplication of effort, and
errors and omissions that result from siloed processes in software
and poor handoffs from one part of the care process to another.
The need for ORHub is clear. Health care comprises more than 17%
of GDP at over $3 trillion dollars per year. With costs rising
every year due to an aging population and more expensive
treatments, providers are under severe pressure to become more
efficient and reduce costs from payers who are aggressively
reducing reimbursements and finally moving away from
fee-for-service and toward performance-based reimbursement. ORHub
enables providers to thrive in this new environment by addressing
the single largest segment of health care, which is surgical care.
ORHub replaces numerous legacy systems with a 360 degree system
that is focused on tracking cost from diagnosis to discharge,
centered on treating a patient for a specific condition. ORHub has
offices at Phoenix, Arizona, Newport Beach, California, and
Bellevue, Washington.
For more information, visit www.ORHub.com.
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Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Although the Company believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurances that its expectations will be attained. Such
statements are inherently uncertain, and actual results and
activities may differ materially from those estimated or projected.
Certain factors that can affect the Company's ability to achieve
its anticipated results include, among others, uncertainties
inherent in the development of a new software product business.
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