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Vitalhub Corp
Symbol VHI
Shares Issued 165,612,659
Close 2019-11-22 C$ 0.17
Recent Sedar Documents

Vitalhub to provide MCAP to Saudi Arabia

2019-11-25 08:14 ET - News Release

Mr. Dan Matlow reports

VITALHUB ANNOUNCES CONTRACT TO SUPPORT EY ENGAGEMENT IN THE KINGDOM OF SAUDI ARABIA BY DELIVERING PATIENT APPROPRIATENESS REVIEWSA USING THE MCAP SOFTWARE

Vitalhub Corp. has partnered with the Ernst and Young (EY) team to provide health care intelligence using its MCAP solution to support the optimization of health care delivery services for the Kingdom of Saudi Arabia's Ministry of Health.

EY's Middle East and North Africa (MENA) health practice has won a large engagement to support the Kingdom of Saudi Arabia's Ministry of Health with its Ada'a Health performance improvement program in the northern and eastern regions of the country. Ada'a Health is one of the world's leading large-scale health care improvement programs, focused on achieving improvement in clinical and operational performance across the health system of the Kingdom of Saudi Arabia.

EY has selected Vitalhub to conduct patient appropriateness reviews (PARs) in support of its Ada'a Health contract. The PAR is a comprehensive study of factors influencing patient care, designed to determine if resources and services are being utilized optimally, at an organizational scale.

The PARs utilize Vitalhub's MCAP (making care appropriate for patients) software, applying proprietary evidence-based clinical criteria and a reporting module to analyze patient information and determine if a patient has been admitted to or continues to stay at the correct level of care to meet their medical needs.

Vitalhub's licensing of the MCAP product continues to demonstrate strong growth potential, with the product currently having 18 clients, across 52 hospitals, managing over 10,000 hospital beds on a concurrent use basis. Vitalhub subsidiary, the Oak Group, has completed over 170 patient flow performance reviews across seven different countries using the MCAP solution.

The net value of this contract for the company is currently being finalized but will be a combination of a one-time PAR licence and professional services. Vitalhub plans to deliver the PARs and other work associated with this project in the first half of 2020.

The EY engagement will improve performance data reporting, develop frontline staff's improvement skills, and identify, plan and implement performance improvement projects in 50 hospitals and over 200 primary health care centres across the northern and eastern regions of the Kingdom.

"The Ada'a health program is a leading global example of health care improvement. We are pleased to have Vitalhub's Oak Group team working with us on this important program. Their clinical analysis capability and MCAP solution is outstanding. It will help us and our clients identify opportunities for real and rapid improvements in health care delivery for the Kingdom of Saudi Arabia," said Andrew Hine, partner, EY MENA.

"We are pleased to be partnering with EY on this exciting project, and the MCAP solution and our teams support comprising an important component of their work," said Dan Matlow, chief executive officer of Vitalhub. "This project again demonstrates the international applicability of the MCAP solution to improved patient flow and healthcare service delivery and reinforces the value of Vitalhub's targeted M&A strategy."

About Vitalhub Corp.

Vitalhub develops mission-critical technology solutions for health and human services providers in the mental health (child through adult), long-term care, community health service, home health, social service and acute care sectors. Vitalhub technologies include blockchain, mobile, patient flow, Web-based assessment and electronic health record solutions.

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