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Vitalhub Corp
Symbol VHI
Shares Issued 155,834,979
Close 2019-09-12 C$ 0.185
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Vitalhub begins phase two of Salvation Army TO deal

2019-09-13 07:45 ET - News Release

Mr. Dan Matlow reports

VITALHUB ANNOUNCES COMMENCEMENT OF SECOND PHASE OF LICENSING AGREEMENT WITH THE SALVATION ARMY TORONTO GRACE HEALTH CENTRE

Upon successful completion of the first phase of the project, Vitalhub Corp. has entered phase two of the B Care electronic health record implementation for the Salvation Army Toronto Grace Health Centre (TGHC).

Initially announced in early January, 2019, the project is being deployed in three stages, with TGHC having initially committed to phase one, with the intent of deploying subsequent phases over 18 to 24 months. Vitalhub has successfully delivered phase one of the project, with TGHC going live with the implementation of the ADT (admission, discharge and transfer), EMPI (enterprise master patient index) and various interfaces to third party systems.

Phases two and three will focus on the implementation of clinical documentation, electronic assessments, the deployment of the pharmacy information system, order entry and eMAR (electronic medication administration record).

Phase two of the project include software licensing revenue of $406,000, maintenance/support revenue of $100,000 and professional services revenue of approximately $176,000. Phase two deliverables will include clinical documentation, daily sheets module, scheduling module, full pharmacy management system, including medication orders and InterRAI assessment (RAI-MDS). The implementation of phase two will result in the decommissioning of the WORx pharmacy system and Goldcare clinical documentation solution currently in use.

The revenue associated with the three phases of the project is anticipated to exceed $1-million, with approximately 60 per cent allocated toward software licensing.

TGHC plays a vital role providing patient-centred care for individuals with multifaceted chronic diseases who require complex continuing care, postacute care rehabilitation and palliative care. "The Vitalhub team is supporting our goal of providing a fully integrated EMR solution that will support our provisioning of excellent health care for our patients. The Vitalhub team has moved very quickly to support our transformation," said Ralph Anstey, chief financial officer, TGHC.

"We are pleased with the success of the first phase of this project and look forward to continuing our work with Toronto Grace. The progression of this project is a further point of validation among the large community of Vitalhub customers who deploy B Care to meet their EHR requirements," said Dan Matlow, chief executive officer of Vitalhub. "We see significant opportunity to continue to deploy specialized EHR solutions that are cost-effective and scalable across a wide range of providers."

About Vitalhub Corp.

Vitalhub develops and supports mission-critical information systems in the social service, mental health (child, youth and adult), long-term care, community health service, home health and hospital sectors. Vitalhub technologies include blockchain, mobile and Web-based assessment, client management, and electronic health record 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 over 200 clients across North America.

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