TORONTO, April 08, 2019 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased to announce that it has licensed its MCAP patient flow software solution to Hamad Medical Corporation (“HMC”) in Qatar. HMC is the main provider of secondary and tertiary healthcare in Qatar and one of the leading hospital providers in the Middle East.
VitalHub’s recently acquired subsidiary, Oak Group International (“Oak”), has licensed its web-based patient flow software, MCAP (Making Care Appropriate for Patients), to HMC’s Continuing Care Group to support the implementation of Qatar’s National Continuing Care Strategy.
This agreement follows the completion of a Patient Flow and Care Management Review (“Review”) using the MCAP software that was delivered in partnership with the professional services firm PricewaterhouseCoopers (“PwC”). The Review used the MCAP solution and its evidence-based criteria to identify opportunities to optimize admission and discharge processes at a number of HMC’s continuing care facilities.
HMC piloted Oak’s MCAP solution as part of a series of retrospective reviews across a number of its acute care, rehabilitation, and long-term care facilities in 2016. HMC commissioned MCAP because the real-time evidence-based decision-support capability will assist clinicians and case managers in determining the most appropriate level of care and care setting for patients.
Oak’s relationship with HMC began via the Patient Flow and Care Management Review and has resulted in a material licensing opportunity in 2019. VitalHub sees a significant opportunity to develop recurring revenue opportunities through the introduction of the MCAP solution and partnerships with professional services organizations wherein application of MCAP will help demonstrate cost-saving and quality improvement opportunities related to the optimization of service delivery.
“The development of our relationship with Hamad Medical Corporation serves an important validation of VitalHub’s ability to convert patient flow and care management reviews into concurrent-use licensed products,” said Dan Matlow, CEO of VitalHub Corp. “Moreover, our ability to cultivate and mature relationships with prestigious hospital groups such as HMC demonstrates our ability to serve the criteria and needs of the Middle East market.”
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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Chief Executive Officer, Director