TORONTO, Jan. 24, 2018 (GLOBE NEWSWIRE) — B Sharp Technologies, a subsidiary of VitalHub Corp. (“VitalHub”) (TSXV:VHI), has signed a strategic reseller agreement with TELUS Health to distribute a white-labelled version of its mental health software platform, B Care, across Canada. Under the reseller agreement, TELUS Health will provide the technology to a leading Canadian mental health agency.
The B Care platform features a suite of online modules designed to support healthcare professionals who are providing mental healthcare services, including in-patient and outpatient hospital programs and community-based agencies. Currently, TELUS Health and VitalHub have a licensing deal in place that will generate approximately $1 million in revenue upon the successful implementation of the B Care solution. This will help the company to advance its strategy to offer more innovative technology solutions to support the mental health community.
“We are excited for the opportunity this agreement will bring to the many Canadians who are dealing with mental health issues,” says Robert Lazar, CEO of B Sharp Technologies. “The B Care platform is proven to be effective in mental health settings, as demonstrated by the approximately 40 mental health organizations currently using the solution, and its ongoing use in the Canadian mental health marketplace. Working in conjunction with the TELUS Health team, we are confident there will be other significant opportunities to support children who are one of our most vulnerable populations.”
Addressing children’s mental health has become of vital importance and focus worldwide. In Canada, an estimated 1.2 million children and youth aged 5 to 24 are currently affected by mental illness according to The Mental Health Commission of Canada. The Canadian Institute for Health Research reports that up to 20 per cent of Canadian children and youth are at risk of developing a mental disorder. Recently, the Ontario Ministry of Health and Long Term Care increased funding targeted at Child and Youth mental health and will establish hubs where young people can receive walk-in, one-stop access to services.
Together, B Sharp Technologies and TELUS Health are supporting the mental health community in an effort to improve the quality of care Canadians receive, and supporting healthcare practitioners by enabling them to learn and improve the level of care they provide through the collection of quality data analytics.
Founded in 1998 and based in Toronto, B Sharp Technologies, a subsidiary of VitalHub Corp., develops and deploys client case management and electronic documentation solutions for healthcare, social services, and community care organizations. B Sharp Technologies also has software development operations in Sri Lanka, providing access to skilled and low cost developers. The products of B Sharp
Technologies are used by over 40 customers in 70 locations across Canada. B Sharp Technologies had total unaudited revenues from operations of over $1.8 million for the year-ended December 31, 2016.
VitalHub delivers an innovate platform for the creation of mobile health applications that increases productivity within healthcare settings. The VitalHub platform provides the ability to integrate existing individual healthcare applications while maintaining the control, security and privacy essential in healthcare. VitalHub’s applications are focused on the fast-growing mental health and long term care markets and the company plans to strategically acquire and grow business in these areas. Currently over 50 healthcare institutions across Canada use products from VitalHub and its subsidiaries.
VitalHub is based in Toronto, ON, and publicly traded on the TSX Venture Exchange: VHI.
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