07:02:09 EST Sat 09 Dec 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,400,258
Close 2022-12-02 C$ 2.29
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Vitalhub licenses Shrewd platform to Black Country

2022-12-05 10:07 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed a multiyear licensing contract of subsidiary Transforming System's Shrewd platform and Shrewd Resilience offerings to Black Country Integrated Care Board (ICB).

After an extensive procurement process, Vitalhub is delighted to announce this multiyear licensing contract with Black Country -- a unique ICB with four acute provider organizations with multiple sites across a vast and diverse region. Serving a population of nearly 1.3 million people, the entirety of the ICB will benefit from this sale, accessing the ability for system-wide oversight of real-time pressure, capacity and demand to support system wide mutual aid/decision-making.

The Black Country region is made up of four distinct places: Dudley, Sandwell, Walsall and Wolverhampton. The following ICB care organizations are included in this contract:

  1. Black Country Healthcare NHS Foundation Trust:
    • Bloxwich Hospital;
    • Bushy Fields Hospital Dorothy Pattison Hospital;
    • Edward Street Hospital;
    • Hallam Street Hospital;
    • Heath Lane Hospital;
    • Macarthur Centre;
    • Newton House;
    • Orchard Hills;
    • Penn Hospital;
    • Pond Lane;
    • Ridge Hill;
  2. The Dudley Group NHS Foundation Trust:
    • Corbett Hospital;
    • Russells Hall Hospital;
  3. Dudley Integrated Health and Care NHS Trust (DIHC);
  4. The Royal Wolverhampton NHS Trust:
    • Cannock Chase Hospital;
    • New Cross Hospital;
    • The Phoenix Walk in Centre;
    • The Royal Wolverhampton NHS Trust Community Services;
    • West Park Rehabilitation Hospital;
  5. Sandwell and West Birmingham Hospitals NHS Trust:
    • City Hospital;
    • Leasowes Intermediate Care;
    • Rowley Regis Hospital;
    • Sandwell General Hospital;
  6. Walsall Healthcare NHS Trust;
  7. Manor Hospital.

Expected benefits conveyed to Black Country ICB through this contract will include (i) providing the ICB network with a system control centre enabling a single version of the truth, offering visibility across all providers in the systems in one place, reducing inconsistency and variation, (ii) improved resource deployment, utilizing available capacity to meet demand at times of pressure, (iii) reducing inefficient administration, allowing faster deployment of resources, and (iv) reduced workload imbalances and overall system pressures, among several others.

For background, 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 to transform the data into meaningful information with targeted functions. The Shrewd Resilience offering enables the whole health and social care system within a defined area with access to real-time data. Resilience displays data in a way that is simple to understand by visually identifying areas of pressure quickly. Resilience equips front-line teams and operational leaders with a real-time view of the situation that is available in around three seconds. Users can then drill down into the precise reason for that pressure within a few clicks, thereby, enabling users to focus on where support is needed to improve flow.

"We are excited to have the opportunity to support Black Country ICB as we continue to deploy our products and services across the U.K. marketplace," said Dan Matlow, chief executive officer of Vitalhub. "Black Country ICB is a vast and significant health system, encompassing many care centres across a large region. This sale marks our opportunity to continue to enhance our ability to support populations and care systems across the United Kingdom and beyond."

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 M&A (merger and acquisition) plan. Currently, Vitalhub serves more than 600 clients across Canada, the United States, the United Kingdom, 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.

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