10:17:09 EST Sat 02 Dec 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,400,258
Close 2022-11-21 C$ 2.34
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Vitalhub licenses Shrewd to Lincolnshire board

2022-11-22 09:42 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 Lincolnshire Integrated Care Board (ICB).

Lincolnshire serves a population in excess of 750,000 people, and spans the following care organizations: Better Lives Lincolnshire, United Lincolnshire Hospitals NHS Trust (Lincoln County Hospital, Grantham and District Hospital, Pilgrim Hospital Boston, County Hospital Louth), Lincolnshire Community Health Services NHS Trust and Lincolnshire Partnership NHS Foundation Trust.

This contract comes as a result of an existing client expansion, as Transforming Systems had previously served Better Lives Lincolnshire for several years. With this contract, the Shrewd platform will be rolled out across the ICB's additional organizations, and further products and services will be adopted.

Expected benefits conveyed to Lincolnshire ICB 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 while 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 excited to have the opportunity to support Lincolnshire ICB," said Dan Matlow, chief executive officer of Vitalhub. "This is a great opportunity to continue to enhance our ability to support populations and integrated care boards across the U.K., specifically throughout the Midlands region. Notably, this presents an opportunity for Vitalhub to continue to showcase its product and innovation leadership, demonstrating the market pull for our WaitLess solution across the region. Leveraging new products across our install base of existing customers is an important component of our growth strategy. We look forward to continuing to serve our customers as we progress our strategy on an international basis."

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 and optimization, and patient flow and operational visibility solutions.

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. Currently Vitalhub serves more than 400 clients across Canada, the United States, the United Kingdom, Australia, the Middle East and Europe.

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