VitalHub Subsidiary S12 Solutions Reports Two Significant Contracts in September 2021
TORONTO, Oct. 12, 2021 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) is pleased to report that newly acquired subsidiary, S12 Solutions (“S12”), continues to achieved significant market penetration with two new S12 Solutions contracts signed in September 2021; Oxford Health NHS Foundation Trust (the “Trust” or “Oxford”) and Derbyshire Healthcare NHS Foundation Trust (“Derbyshire”, together, the “Trusts”). Both Trusts will utilize the S12 Solution Mental Health Act (“MHA”) assessment team organization and electronic claims platform. Derbyshire will also implement the S12 electronic statutory MHA forms solution.
S12 Solutions is a UK-based company, which helps mental health professionals efficiently complete Mental Health Act 1983 (“MHA”) processes. S12 Solutions is a digital platform with approved section 12 (“s.12”) doctors for MHA assessments in England, which connects Approved Mental Health Professionals (“AMHPs”). AMHPs are able to find available, nearby doctors, create s.12 doctor claims, and both AMHPs and doctors can create, complete and share electronic statutory MHA forms.
Founded in 2017, S12’s platform supports mental health crisis care pathway efficiency through timely access to the best available assessing team for service users, more assessment preparation time for AMHPs, and greater control over contact information and s.12 work for doctors.
S12 new contract details:
Oxfordshire: 1 Clinical Commissioning Group, 1 Local Authority (“LA”) and 1 Trust
Derbyshire: 1 Clinical Commissioning Groups, LAs and 1 Trust
S12 existing contract update:
Lancashire and South Cumbria: Feature added to existing implementation
“The continued progress and traction being achieved by the S12 team is impressive, with approximately 80% of the market in England having signed up to use the S12 platform,” said Dan Matlow, CEO of VitalHub Corp. “The S12 platform solves a significant market need through addressing the bottleneck in the delivery of care which is a result of outdated paper-based processes associated with the Mental Health Act. In addition to these implementations, we see a significant opportunity to leverage the S12 technology platform, both within its current mental health market application, and to disrupt additional healthcare market verticals.”
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 400 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 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 INFORMATION:
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com