Toronto, March 28, 2022 (GLOBE NEWSWIRE) — VitalHub Corp. (“Company” or “VitalHub”) (TSX: VHI) has market penetration of its UK-based subsidiary Intouch with Health (“Intouch”). Announced that has grown significantly. ).
Intouch with Health has significantly improved market penetration across the United Kingdom National Health Service (NHS). With the end of sales in the first quarter of 2022 and strong growth during the 2021, Intouch achieved significant market penetration across the NHS. Based on the 2020/2021 NHS table, there are a total of 140 Acute Trusts in the UK, and Intouch has at least one module sold to 73 Acute Trusts in the UK, covering about 52% of the total site. .. This is compared to the installation rate of about 42% for the entire NHS Acute Trust in the previous year.
NHS outpatient appointments totaled approximately 97,712,855 and 55,170,725 during the period, with approximately 56.5% of all outpatient appointments being processed via the Intouch platform. The NHS outpatient attendance totaled approximately 74,808,465 during the period, or approximately 41,851,500, or approximately 55.9% of all outpatients were processed via the Intouch platform. This is compared to 41% of all NHS outpatients in the previous period.
Dan Matlow, CEO of VitalHub Corp, said: “We are pleased to report a significant increase in penetration into the UK healthcare market. Our growth strategy. Importantly, we will continue to sell additional modules and products within our existing installation base. That’s why we still have great opportunities for upsell. We will continue to expand our footprint, both through the creation of net new sales and our ongoing expansion agreements with existing customers. “
About VITAL HUB
Software for health and human service providers designed to simplify the user experience and optimize results.
VitalHub provides technology to medical and human service providers, including: Hospitals, community health authorities, mental health, long-term care, home care, community and social welfare. VitalHub solutions span the categories of electronic health records (EHR), case management, care coordination, patient flow and operational visibility, and the DOCit mobile app.
The company has two strong growth strategies that target organic growth opportunities within its product suite and pursue aggressive M & A plans. Today, VitalHub serves more than 275 clients in Canada, the United States, the United Kingdom, Australia, Qatar and Latvia. VitalHub is based in Toronto, Canada and has an offshore development hub in Sri Lanka. We are listed on the TSX Venture Exchange under the “VHI” symbol.
Sales and penetration data reflect the company’s estimates. This press release contains forward-looking statements about our company and its business. This may include, but is not limited to, statements regarding the appointment of new directors. Often, but not always, forward-looking statements are “planned,” “expected,” “expected,” “planned,” “intended,” “intended,” and “expected.” Do, “believe”, “suggest” or variation (including negative variations) of such words or phrases, or “potential”, “possible”, or result of a particular action, event, or result. Occurs or is achieved, stating that there is, is possible, is possible, or is possible. Such statements are based on the current expectations of the management of each entity, are based on assumptions, and are subject to risks and uncertainties. The management of each entity believes that the assumptions underlying these statements are reasonable, but they may turn out to be incorrect. The future events and situations described in this release may or may not occur by a specific date and may not occur at all, with known and unknown risk factors affecting the enterprise, including risks related to the technology industry. It can vary significantly as a result of uncertainty. Get regulatory or shareholder approval, market conditions, economic factors, general stock markets, and risks related to growth and competition. We have sought to identify significant factors that may cause actual actions, events or outcomes to differ materially from those described in the forward-looking statements, but the actions, events or outcomes are expected, estimated, or results. It was intended. Forward-looking statements are not guaranteed. Unless required by applicable securities law, forward-looking statements are only stated as of the date they were created and are the result of new information, future events? Regardless, we undertake no obligation to publicly update or revise any forward-looking statement. Or is it not?
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VitalHub announces contact with Canadian business journal Health Market Penetration Update
Source link VitalHub announces contact with Canadian business journal Health Market Penetration Update