11:09:24 EST Fri 02 Dec 2022
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,400,258
Close 2022-09-27 C$ 2.37
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Vitalhub licenses Shrewd platform to NHS board

2022-09-28 10:53 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed a multiyear licensing contract for subsidiary Transforming System's Shrewd Platform and Shrewd Resilience offerings to NHS Mid and South Essex Integrated Care Board (Essex).

NHS Mid and South Essex Integrated Care Board serves a population in excess of 1.2 million people, and spans the following care organizations: Mid and South Essex NHS Foundation Trust, Essex Partnership University NHS Foundation Trust, North East London NHS Foundation Trust, East of England Ambulance Service NHS Foundation Trust, Essex County Council, Southend-on-Sea City Council and Thurrock Council.

This represents a new customer contract that will afford Essex with visibility into the entire health system in real time, enabling improved resource utilization, capacity and load balancing, and operational efficiency. This contract provides access to the Shrewd Platform and Resilience offerings across the Essex care network, furthering the penetration of Transforming System's offerings across the United Kingdom's NHS landscape.

Expected benefits conveyed to Essex through this contract will centre around providing the health system with a single version of truth, allowing all associated care organizations to access real-time information surrounding all providers in the system simultaneously, reducing inconsistency and variation. Additional benefits include: deploying resources where they are needed in real time, utilizing available capacity to meet demand at times of pressure, reducing inefficient administration and allowing faster deployment of resources, reducing workload imbalance and pressures across the system, reducing time spent on compiling spreadsheets and interpreting historical data, along with facilitating an improved ability to respond to pressures as they occur.

The Shrewd Platform provides an operational data layer that is a single source of the truth in real time, allowing the Shrewd modules to provide intelligent insights, and managers and key decision-makers to take the right action at the right time. The Shrewd Platform provides the integration and data collection tools the Shrewd modules operate from. The tools aggregate data which are accessed by Shrewd modules or an API (application programming interface), to transform the data into meaningful information with targeted functions.

Shrewd Resilience enables the whole health and social care system within a defined area to access real-time data. Resilience displays data in a way that is simple to understand and visually identifies areas of pressure quickly. Resilience enables front line teams and operational leaders to see a real-time view of the situation in around three seconds. Users can then drill down into the precise reason for that pressure within a few clicks. This enables users to focus on where support is needed to improve flow.

"We are thrilled to complete this multiyear licensing agreement with NHS Mid and South Essex ICB, as we continue to penetrate the East of England region, and the entirety of the U.K. marketplace," said Dan Matlow, chief executive officer of Vitalhub. "Once again, the power of our real-time visibility solutions offers health systems an incredible power to improve resource utilization, reduce response times, and optimize the overall quality and delivery of care. We look forward to continuing our expansion efforts on an international basis, as we strive to provide leading operational visibility solutions to our clients."

About Vitalhub Corp.

Vitalhub develops mission-critical technology solutions for health and human services providers in the mental health (child, youth and adult), long-term care, home health, community and social services, and acute care sectors.

Vitalhub develops technologies in two primary categories: patient flow, operational visibility and patient journey optimization solutions; and electronic health record, case management, care co-ordination and optimization solutions. The company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing a strategic merger and acquisition plan. Currently Vitalhub serves more than 600 clients across Canada, the United States, the U.K., Australia, New Zealand, the Middle East and Europe.

Vitalhub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Vitalhub team comprises more than 200 team members globally. The company is publicly traded on the Toronto Stock Exchange under the symbol VHI.

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