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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-22 C$ 3.30
Market Cap C$ 121,900,588
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Vitalhub licenses Synopsis to Buckinghamshire

2022-03-22 12:05 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has licensed subsidiary Intouch with Health's award-winning Synopsis solutions to Buckinghamshire Healthcare NHS Trust for two years. This sale marks the ninth Intouch with Health transaction announced this quarter.

Buckinghamshire Healthcare is a new customer of the company and has completed a licensing agreement to access the award-winning Synopsis Home and Synopsis iQ products. With the integration of the Synopsis solution, the trust can expect to see better visibility into its elective backlog, streamlined preop assessments which will alleviate managerial pressures, a triaging platform that will limit unnecessary appointments and better tend to complex patients, open integration into existing systems, flexible workflow, comprehensive and accurate preop assessments, and decision-making support that highlights risk through the 250-plus algorithms programmed into Synopsis modules. The trust currently completed in excess of 20,000 preoperative appointments annually and can expect to achieve significant efficiencies through use of the Synopsis solutions.

Buckinghamshire Healthcare comprises Wycombe Hospital, Stoke Mandeville Hospital, Amersham Hospital, Buckingham Community Hospital and Thame Community Hospital. The trust operates in Buckinghamshire, England, serving a population of approximately 600,000 people and employing over 6,000 staff members. This two-year licensing agreement will include access to the Synopsis iQ and Synopsis Home offerings, which will be integrated into the Wycombe Hospital, Stoke Mandeville Hospital and Amersham Hospital. The trust is excited to engage in this new partnership and grow its adoption rate among United Kingdom hospitals.

"This deal with Buckinghamshire provides further ratification of our market leadership, in addressing the demand for operational visibility and organizational efficiency solutions," said Dan Matlow, chief executive officer of Vitalhub. "The trust was clear on the objectives they were seeking to address -- from a clinical, managerial and technical aspect -- and believed the Synopsis products were best equipped to help them meeting and surpass them. The result will allow the system as a whole to work smarter and more efficiently, improving care delivery and quality for both the patients and staff. We look forward to continuing to expand our reach and penetration across the U.K.'s National Health Service and beyond."

About Vitalhub Corp.

Vitalhub provides technology to health and human services providers, including hospitals, regional health authorities, mental health, long-term care, home health, community and social services. Vitalhub solutions span the categories of electronic health record (EHR), case management, care co-ordination, patient flow and operational visibility, and DOCit mobile apps. The company has a robust two-pronged growth strategy: targeting organic growth opportunities within its product suite and pursuing an aggressive merger and acquisition plan.

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