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VitalHub Announces Sale of TREAT EHR System to Youth Mental Health Facility
TORONTO, Aug. 21, 2018 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company”) (TSXV: VHI) is pleased to announce the sale of the TREAT EHR solution (“TREAT”) to Stella’s Place, a Toronto-based young adult mental health agency, and a Reconnect Community Health Services (“Reconnect”) affiliate.
TREAT, the clear choice of EHR systems among mental health providers, is being implemented to replace Stella’s Place existing documentation systems to serve as the comprehensive participant management system for supporting their diverse programming and reporting needs. TREAT will capture the participant’s demographic and clinical data in standard modules; progress notes, assessments and interdisciplinary care plans. TREAT will serve the needs of management by providing provincially-mandated reports and depicting crucial indicators related to participants, in-take processes, services and discharge through its fully integrated business intelligence dashboards.
Stella’s Place contracted TREAT through VitalHub subsidiary HInext. HInext was awarded, following a competitive RFP tender process, a contract to implement an integrated community mental health services EHR solution for Reconnect Community Health Services in 2015.
Reconnect’s goal was to achieve excellence in participant healthcare using the TREAT software, a participant management system that streamlines clinical history and care management for care providers. Functionality of TREAT that led to the Reconnect contract award following a competitive RFP includes an Interdisciplinary Plan of Participant Care (IPCC) and a coordinated care planning system.
VitalHub’s contract with Reconnect includes a provision allowing all Toronto Central LHIN community mental health providers to at their discretion license TREAT. The original contract awarded to HInext provides for a preferred access and a pre-established purchase contract for any Toronto Central LHIN community mental health, addiction and community support service agency through Reconnect. A number of Toronto Central LHIN agencies have contracted with us, including Sound Times and Toronto East Health Network. “It represents a successful collaboration across member organizations in the healthcare system” (Reconnect Community Health Services, Annual Report 2015-16).
At present, the TREAT EHR solution has only been implemented across ~15% of Reconnect's affiliate network, representing a significant opportunity to further increase penetration of the product across the mental health services space.
“We are pleased to join the Reconnect Community Mental Health Services TREAT user group in the TC LHIN. TREAT will enhance our ability to manage, report, and reflect upon the complex work of our staff in a consistent and supportive manner and will help us to continually assess how our services are effectively and responsively supporting young adults. We look forward to contributing to the evolution of our field and being an information systems leader in the young adult mental health community”, said Jenny Carver, Executive Director, Stella’s Place.
“We welcome Stella’s Place to the growing number of Health Service Providers that have adopted and implemented TREAT as their preferred solution for participant information management. As our first Young Adult Mental Health partner to adopt TREAT within the Toronto Central LHIN, we are very excited at the possibility of increasing adoption and expanding the learning opportunities in the Youth Mental Health space”, said Mohamad Badsha, CEO of Reconnect Health Services.
“We are excited about this sale to Stella's Place, it serves as further evidence of our leadership position supporting Ontario’s mental health providers," said Dan Matlow, CEO of VitalHub Corp. "As we continue to grow our business, we aim to further establish VitalHub as the dominant provider of EHR solutions for mental health providers."
ABOUT STELLA’S PLACE
Stella’s Place is a welcoming Downtown, Toronto facility for young adults, aged 16 to 29, who are experiencing mental health challenges and who want to learn about the best way to move forward and to get support from peers and professionals. Stella’s Place provides peer-supports, clinical, employment, wellness, and recovery services, as well as online supports and opportunities to explore one’s creative self through studio programs, serving more than 800 young adults each year.
ABOUT RECONNECT COMMUNITY HEALTH SERVICES
Reconnect Community Health Services, a not-for-profit health service organization in the west end of Toronto, is dedicated to serving seniors and people living with mental health and addictions to improve and maintain their health and well-being.
VitalHub develops and supports mission-critical healthcare information systems in the 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 and EHR solutions.
VitalHub's aim is to create high-value, secured solutions enabling interoperability among existing health data systems. VitalHub is primarily focused on working with organizations in the Mental Health, Acute and Long-Term Care space, to further extend organization's applications across the continuum of care, powered by the security, efficiency, and trust of Blockchain technology.
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+ participants 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".
The TSX Venture Exchange has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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