NEWPORT BEACH, Calif., February 20, 2018 (GLOBENEWSWIRE) – ORHub, Inc. (OTC:ORHB) (the “Company”), an advanced physician-driven digital software company focused on improving profitability and the cost effectiveness of hospitals through real-time smart data and analytics, today announced the launch of its healthcare blockchain initiative by signing a letter of intent (“LOI”) with SinglePoint Inc. (OTCQB:SING) to design and build out go-to-market solutions.
As part of the LOI, SinglePoint will review ORHub’s existing platform and commit an advanced level of expertise to design proprietary blockchain solutions for the Company.
ORHub’s surgical resource management software makes it easy and more efficient for doctors, administrators and other stakeholders to have deep insight into each surgery performed. The value of the underlying data that is captured at the point of care can be further unlocked through blockchain solutions to provide smarter data with wide ranging implications including accuracy of medical records, efficiency of inventory management, improvement of billing cycles, quality of patient treatments and physician performance.
“We consider ORHub to be the pioneer of surgical resource management innovation and our collaboration with SinglePoint to build out transformative healthcare blockchain solutions was a logical extension of our data platform. Our vision is to change the face of surgical healthcare by dramatically lowering surgical costs, aligning physician performance with surgical efficiencies improving hospital economics and patient outcomes. The power of the intelligent data we already capture at the point of care has far reaching implications that can be better deployed through blockchain solutions to resolve the waste in time and resources that have contributed to the cost burden placed on hospitals today. We believe that blockchain inspired technology will set the stage for surgical data to evolve into a new paradigm based on a real-time shared infrastructure platform that is more transparent, more accurate, more timely, more cost effective and easy to use,” commented Colt Melby, Chief Executive Officer of ORHub.
Wil Ralston, President of SinglePoint commented, “We look forward to this exciting opportunity to extend ORHub’s platform that will revolutionize operating rooms at hospitals. We are confident that we can deliver a scalable solution that can transform multi-billion dollar industries through intelligent and efficient access to data that will provide doctors with the confidence that they are well-equipped to optimally perform surgical procedures.”
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:
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.