Based in Toronto, Ontario, VitalHub is a blockchain-based healthcare solution provider. VitalHub’s software as a service (SaaS) platform, primarily serving the mental health and long-term care community, is designed to interconnect existing medical systems and data repositories through secure interoperability solutions. In 2017, Vital Hub acquired EHR provider HI Next (owner of TREAT) and healthcare platform provider B Sharp. These acquisitions have significantly expanded VitalHub’s product and customer base. On January 11, 2018, the company announced that it will officially enter the blockchain-based healthcare technology market with plans to focus on blockchain-based solutions that bring greater interoperability to the healthcare ecosystem. ..
VitalHub argues that the fast-growing blockchain-based IT solutions market offers unique opportunities for well-placed healthcare solution providers. As blockchain-powered platforms begin to reshape the healthcare IT outlook in 2018, VitalHub claims to have four complementary strengths to success in the blockchain-based healthcare solutions market. To do. Management well-versed in expanding the global health care business. Large existing customer base. An IT team with extensive experience building innovative healthcare applications. As VitalHub enters the blockchain-based solutions market, it has established itself as a “blockchain as a service (BaaS)” provider that addresses interoperability challenges in the “whole chain of care”.
Partnerships and acquisitions
VitalHub will seek partnerships with the Global Consulting Group to spread blockchain-based solutions throughout the global health care sector. In addition to these strategic partnerships, VitalHub aims to significantly accelerate growth through M & A, which is already a “successfully underway” process. On March 24, 2017, VitalHub announced its intention to acquire two healthcare IT companies, HINext and BSharp Technologies. On October 5, 2017, Vital Hub also announced that it had completed the acquisition of B Sharp. And on December 22, 2017, Vital Hub announced a “decisive agreement” to acquire HINext.
HI Next is the owner of a fully hosted web-based TREAT. EHR A healthcare coordination platform used by over 80 healthcare providers in North America. The TREAT integrated solution includes “more than 100 clinical assessment tools” across a wide range of areas, including primary care, mental and behavioral health, and community care.
B Sharp Technologies
Founded in 1998, Toronto-based BSharp Technologies primarily provides EHR, clinical documentation, and case management solutions to health, community care, and social welfare organizations. Their solutions specifically address mental health, cardiology, specialty care, “complex continuous care”, long-term care and pharmacies. B Sharp offers business consulting and custom development services in addition to solutions. B-Sharp has more than 40 customers across Canada.
VitalHub’s executive team includes Dan Matlow, President and CEO, who previously held the same executive leadership at Medworxx Solution Inc., a patient throughput management solution provider co-founded by Andre Vandenberk, Vice President of Mobile Technology at VitalHub. Brian Goffenberg, CFO and Executive VP of Vital Hub, also from Medworxx, previously held financial management positions at Philips Lifeline, DWL Inc. and Delrina Corp. HINext Principal’s Peter Catford joins Vital Hub as Chief Strategist.
Listed as VHI on the TSX Venture Exchange, VitalHub first established itself as a technology platform for developing mobile health (mHealth) solutions. The company claims that “the platform provides essential control, security, privacy, and consistency for the healthcare industry.” Already in applications from clinical care to medical research, mHealth platform providers are now expanding to blockchain-based solutions. According to the VitalHub team, the lack of interoperability between healthcare stakeholders is curbing progress across the healthcare ecosystem. In response, VitalHub plans to develop and sell blockchain-based interoperability solutions. VitalHub’s long-term strategic mission is to secure global leadership status among blockchain-based healthcare solution providers. They aim to grow rapidly through mergers and acquisitions while selling innovative blockchain-based healthcare solutions to their existing customer base.