TORONTO, Jan. 02, 2019 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company”) (TSXV: VHI) is pleased to announce the sale of B Care to The Salvation Army Toronto Grace Health Centre (“TGHC”).
TGHC sought a comprehensive, web-based Electronic Health Record that would support their patient’s journey and allow caregivers to provide seamless, integrated care across their organization from pre-registration through to discharge, for both In-Patient and Ambulatory and Community-based Programs. An integrated Pharmacy Information System and eMAR are key functional requirements to ensure that patient safety at TGHC is enhanced through an efficient and effective medication dispensing, administration and reconciliation workflow.
This sale follows a lengthy and extensive evaluation undertaken by TGHC of competitive EHR solutions that included visits to key clients. The initial deployment will be hosted on-premise and includes an option for TGHC to transition to a Software As A Service agreement if desired.
This project is being deployed in three phases. TGHC has contractually committed to Phase One, with the intent to deploy the other phases over a period of 18-24 months. The first phase will include 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 including a variety of canned assessments and conclude with the deployment of the Pharmacy Information System, Order Entry and eMAR (Electronic Medication Administration Record).
The revenue associated with the three phases of this project is anticipated to exceed $1M with approximately 60% of that total allocated to software licensing.
TGHC plays a vital role providing patient-centered care for individuals with multifaceted chronic diseases who require Complex Continuing Care, Post-Acute Care Rehabilitation and Palliative Care. Operating in the heart of downtown Toronto it’s renowned for the compassionate care that it provides and the clinical excellence of its team. “Our vision at the Grace is to provide an integrated EMR solution that will not only improve efficiencies across the facility but will provide excellent healthcare for our patients with better clinical decision making tools for our clinicians. The B Care software will enable TGHC to fulfil this vision,” said Ralph Anstey, CFO, TGHC.
“We are looking forward to initiating this project with the Toronto Grace. They join a large community of VitalHub customers in Ontario and the rest of Canada that have chosen to deploy B Care to meet their electronic health record requirements, including health service providers of a similar size that want to work with an organization like ours that offers a highly configurable and robust technology solution and an affordable price point. Toronto Grace’s decision to license B Care underlines our view of the EHR market, which is that there is ample opportunity to grow and add value to organizations that offer specialized services and are in need of cost effective, scale-appropriate solutions at a fraction of the cost of the HIS solutions used by large hospitals,” said Dan Matlow, President and CEO, VitalHub.
ABOUT VITALHUB:
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 M&A plan. Currently, VitalHub serves 200+ clients across North America. VitalHub is based in Toronto, Canada, with an offshore innovation hub in Sri Lanka. The Company is publicly traded on the TSX Venture Exchange under the symbol “VHI”.
ABOUT THE TORONTO GRACE HEALTH CENTRE
Toronto Grace Health Centre (TGHC) is a 119-bed facility owned and operated by The Salvation Army located in the heart of downtown Toronto. Toronto Grace is renowned for the compassion, clinical excellence and patient-centered care. The heart of patient-centred care is recognizing that each person has individualized priorities and goals, and each care plan reflects this. Through understanding and appreciating the complexity of day-to-day life, Toronto Grace provides patient-centered care for individuals with multifaceted chronic diseases who require Complex Continuing Care, Post-Acute Care Rehabilitation and Palliative Care.
CAUTIONARY STATEMENT
This press release includes forward-looking statements regarding the Corporation and its business, which may include, but is not limited to, statements with respect to the appointment of a new directors. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of each entity, and are based on assumptions and subject to risks and uncertainties. Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release, including the share consolidation proposal, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the technology industry, failure to obtain regulatory or shareholder approvals, market conditions, economic factors, the equity markets generally and risks associated with growth and competition. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT INFORMATION
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com