VitalHub Announces Nomination of Subsidiary InTouch With Health’s Synopsis iQ for a Smarter Working Live 2020 Award
TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased to announce the nomination of newly-acquired subsidiary InTouch With Health’s (InTouch) digital pre-op solutions, Synopsis iQ, for an award at the Smarter Working Live 2020 Awards.
As released on the 20th of August 2020, VitalHub recently acquired InTouch With Health. InTouch was established in 1999 and specialises in delivering IT-based patient flow management solutions to help hospitals and private healthcare providers increase organisational efficiency and deliver an improved patient experience. InTouch’s marquee pre-op assessment platform, Synopsis iQ, completely digitises the perioperative assessment journey, offering value, clarity and efficiency for the care team and patients.Synopsis iQ has been nominated for an award at the Smarter Working Live 2020 Awards. The Smarter Working Awards are highly anticipated each year, and aim to honour UK government innovation, especially innovation leading to paperless processes. In response to the outbreak of COVID-19, this year’s awards will take place virtually on the 26th November 2020.Synopsis iQ has been recognized in the “Best Use of a Solution” category. The award nomination is in conjunction with Aintree University Hospital following the deployment of Synopsis iQ.Aintree University Hospital is part of the Liverpool University Hospitals NHS Foundation Trust. Newly merged, the Trust comprises Aintree and the Royal Liverpool and Broadgreen University Hospitals. Aintree University Hospital provides general acute health care to 330,000 residents in North Merseyside and surrounding areas. Aintree University Hospital performs around 21,000 pre-operative assessments a year. Aintree adopts a pathway recognized as LEAN, applying best practice and accepting walk in as well as booked patients.Since being deployed, Synopsis iQ has removed a reliance on paper; reduced costs and introduced a level of consistency and risk management not previously possible. After Aintree University Hospital deployed Synopsis iQ:The trust achieved full return on its investment 10 days after launchThere were zero cancellations of on-the-day surgery due to pre-assessment issues in the first 4 months after Synopsis iQ was launchedA total in-year saving of £2.7 million was achieved with a £4 million saving expected in Phase 2There was a 94% reduction in paper and printing, reducing the trust’s overall carbon footprint by 17.4 tonnes93% of Aintree patients gave positive feedback on SynopsisThe trust achieved a clinical time saving of 27 minutes per patient (40%) within 6 monthsSome nurse-led POAs were completed in 18 minutes, where this had previously taken 45 minutesAintree University Hospital has demonstrated productivity savings of up to 47%, in effect doubling its available capacity for pre-operative assessments“We are excited about the acquisition of InTouch With Health and the significant opportunities they present Trusts for patient visibility management and improved operational efficiency,” said Dan Matlow, CEO of Vitalhub Corp. “This nomination is a demonstration of the applicability and need for the Synopsis product during the pandemic, and of the significant innovation being developed at InTouch. We are excited about acceptance of this product in the UK environment, and the opportunity to expand across the several hospitals and Trusts that do not yet have these important products and solutions.”ABOUT VITALHUB:
Software for Health and Human Services providers designed to simplify the user experience & optimize outcomes.VitalHub provides technology to Health and Human Services providers including; Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, Community and Social Services. VitalHub solutions span the categories of Electronic Health Record (EHR), Case Management, Care Coordination, Patient Flow & Operational Visibility, and DOCit Mobile Apps.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 275+ clients across Canada, USA, UK, Australia, Qatar, and Latvia. 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”.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, 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 INFORMATIONDan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com
