You are here
VitalHub Subsidiary HInext Adds 16 New Customers in New York State
TORONTO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company” or “VitalHub”) (TSX-V:VHI) is pleased to announce that its subsidiary HInext Inc. (“HInext”) has obtained 16 new customers in New York State, through the BH-IT funding program for Adult Behavioral Health Home and Community Based Services (“BH HCBS”) providers.
Several ongoing New York State health initiatives rely on a transition to electronic health records and electronic billing systems. In 2016, New York State allocated funding for Adult BH HCBS providers through the Behavioral Health Information Technology Grant Program (“BH-IT”), to help support this transition.
HInext was successful in making it through a rigorous vetting process, and as a result of their superior services and product offering, was able to obtain 16 new customers (nine directly in New York City, and another seven across New York State, through the first phase of the program. The 16 new customers comprise a variety of mental health and community support organizations.
HInext’s flagship product, “TREAT”, is a BH-IT qualified vendor for Home and Community Based Services (“HCBS”) as defined by the Department of Health, Office of Alcoholism and Substance Abuse Services and the Office of Mental Health in the State of New York. TREAT attracted many customers for its flexibility to accommodate the requirements of both HCBS programs as well as organizations’ existing services and programs, such as Harm Reduction and county-funded services.
HInext will have an opportunity to expand its number of New York State customers, as they experience continued success with implementations across the BH-IT program.
"The addition of 16 new customers through the BH-IT program validates our growth in the New York State market,” said Peter Catford, CEO of HInext and Chief Strategy Officer at VitalHub. “These 16 new customers bring us to a total of 21 total customers across New York State, affording us a solid foundational base to continue our plans to expand our services into the future."
“The addition of these 16 customers further validates VitalHub’s ability to expand into the US market,” said Dan Matlow, CEO of VitalHub. “Our goal is to continue to with our US expansion initiative with both the TREAT solution and our newly introduced “WellLinc” Blockchain interoperability solution. It is promising to see that our investment in HInext is already showing a solid return through the addition of these new customers.”
HInext offers TREAT, a Meaningful Use certified cloud-based Electronic Health Record (EHR) for behavioral health, designed with a client-centered focus on recovery. TREAT’s multi-disciplinary care plans, integrated workflow, and user-friendly design have made it a leader in care coordination, and a preferred solution for community behavioral health agencies across the nation. HInext is a wholly-owned subsidiary of VitalHub Corp.
VitalHub uses web, mobile, and Blockchain technology to create disruptive SaaS-based healthcare applications that solve industry-wide problems. VitalHub's aim is to create high-value, secured solutions that enable broad interoperability among existing health data systems. Vitalhub is primarily focused on working with organizations in the Mental Health 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+ 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".
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.
Chief Executive Officer, Director