06:36:13 EST Sat 09 Dec 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,400,258
Close 2022-12-06 C$ 2.36
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Vitalhub licenses Shrewd to Coventry and Warwickshire

2022-12-07 09:57 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 Coventry and Warwickshire Integrated Care Board (ICB).

Coventry and Warwickshire ICB serves a population in excess of 935,000 people and spans the following care organizations: Happy Healthy Lives (Coventry and Warwickshire ICB), Coventry and Warwickshire Partnership NHS Trust, George Eliot Hospital NHS Trust, South Warwickshire NGS Foundation Trust (Warwick Hospital, Stratford Hospital, Royal Leamington Spa Rehabilitation Hospital and Ellen Badger Hospital), University Hospitals of Coventry and Warwickshire NHS Trust (Hospital of St. Cross), and University Hospital.

This represents a new customer contract for the company that will afford Coventry and Warwickshire ICB support with the delivery of a system control centre across its care network to provide better visibility and oversight of capacity, pressure and performance in real time to support urgent care performance. Vitalhub's continuing work across the Midlands region with regional oversight and assurance platform (Region) and ambulance conveyancing solution (Vantage) played a major role in Shrewd being the preferred option for Coventry and Warwickshire ICB to use.

Expected benefits conveyed to Coventry and Warwickshire 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 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, and 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 is accessed by Shrewd modules or an API to transform the data into meaningful information with targeted functions. Shrewd Resilience 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 delighted at the ongoing traction achieved by Transforming Systems, as we continue to increase our market penetration across the National Health Service," said Dan Matlow, chief executive officer of Vitalhub. "The Shrewd suite of services provides regional health systems with essential real-time information that both empowers timely and effective delivery of care, while simultaneously easing operational pressures and promoting cost-efficiencies. We look forward to continuing to execute our strategic objectives as we progress along our growth trajectory into 2023."

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.

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