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Vitalhub Corp (2)
Symbol VHI
Shares Issued 26,601,130
Close 2020-07-24 C$ 1.69
Recent Sedar Documents

Vitalhub to offer clinical utilization reviews

2020-07-27 09:09 ET - News Release

Mr. Dan Matlow reports

VITALHUB SELECTED AS ONE OF TWO VENDORS TO PROVIDE CLINICAL UTILIZATION REVIEWS UNDER NHS FRAMEWORK

Vitalhub Corp. has been selected by the National Health Service (NHS) as one of two vendors to be included within the new NHS framework agreement.

After an extensive RFP evaluation process, VitalHub has been selected as one of two approved vendors to offer Clinical Utilization Reviews (CURs) within the NHS Framework, which they will deliver using the Company's proprietary Making Care Appropriate for Patients (MCAP) software. The Framework provides a streamlined procurement process, paving an expedited pathway to adoption by enabling all NHS organisations (or UK Trusts) to acquire the Company's MCAP CUR without requiring a tender or independent RFP procurement cycle, effective over a four-year period.

MCAP, one of VitalHub's Patient Flow and Operational Visibility portfolio solutions, is a tool that identifies opportunities for whole system patient flow improvements and integration, provides decision makers with the necessary evidence to provide advanced patient flow analytics in real-time to support improvements in multi-disciplinary team discharge and system integration. MCAP is currently used daily by 22 hospital groups across the United Kingdom and in the Middle East, representing over 10,000 hospital beds, and has been used to complete over 200 patient flow performance reviews across five countries.

"It is gratifying to note that after extensive evaluation, due diligence and review, the NHS has determined VitalHub should be one of two clinical utilization review and management solutions providers offered through their streamlined (Framework) procurement process," said Dan Matlow, CEO of VitalHub Corp. "We believe this will significantly aid in our ability to disseminate the Company's clinical utilization management solutions across UK trusts, and continue to provide clinical patient visibility and resource management tools that are continuing to become of greater necessity, especially amid the post-COVID pandemic landscape."

ABOUT VITALHUB:

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.

The Company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing an aggressive M&A plan. Currently, VitalHub serves 200+ clients across North America. VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Company is publicly traded on the TSX Venture Exchange under the symbol "VHI".

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