NEWPORT BEACH, CA (July 10, 2017) ORHub, Inc. (OTC: ORHB) today announces the availability of a Microsoft publication highlighting the Company’s surgical resource management (SRM) solution in use at the nationally recognized Hoag Orthopedic Institute (HOI) in Irvine, California.
The case study, entitled “Orthopedic hospital tests cloud-based cure for symptoms of rising healthcare costs,” discusses HOI’s experience using ORHub’s software as an actionable resource analytics tool for its spinal surgeries.
To view the full publication, visit: https://customers.microsoft.com/en-us/story/hoi-health-azure
ORHub’s cloud-based software creates a new category of health care IT called surgical resource management. Using Microsoft’s Azure platform and accessed directly in the operating room, ORHub’s software enables HOI to improve teamwork, automate manual processes, and better understand resource allocation in all its spinal surgeries. The importance of this capability is emphasized by the rising costs of health care and the shift toward value-based models of care.
“We’ve seen from research that the common result of value-based institutions is a cost reduction of between 20 and 40 percent. If we can achieve that with the cost of surgeries across the US health system, that equates to USD250 to 350 billion saved every year. That’s greater than the gross domestic product of Finland,” ORHub CFO Wesley Mitchell states.
In conclusion, the study emphasizes the need for innovative health care solutions like ORHub.
About ORHub, Inc.
ORHub, born from the Microsoft for Start-Ups program, is HIPAA-compliant advanced surgical software provider focused on Revolutionizing the Business of Surgery™ through the foundation of electronic data capture at the point-of- surgical care to improve workflow, simplify work processes and access real-time data intelligence. The Company’s suite of products serves the needs of the health care industry including providers, patients, the government and the medical device vendors. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data.
Hospitals and surgeons can make real-time, data-driven decisions to improve business profitability and the quality of patient care. This innovative technology results in hospitals understanding costs and identifying areas of cost reductions, as well as results in increased accountability, automatic creation of comprehensive anatomic implant registries, real-time analytics, improved efficiencies, and compliance with existing government regulations. ORHub has offices in Tempe, Arizona; Southern California; Bellevue, Washington; and Jacksonville, Florida.
To view a previously released Microsoft Case Study on HOI and ORHub visit:
https://customers.microsoft.com/en-us/story/hoi-health-azure
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new software product business.
ORHub Contact
Jason Brown,
Shareholder Communications
jason.brown@orhub.com
714.228.5667