ORHub Launches New Software Module Vendor Hub™, Enhances Hospital and Vendor Relationship to Improve Profitability, Pay-Per-Use Pricing Model to Generate Recurring Revenue
NEWPORT BEACH, Calif., Sept. 25, 2018 (PRNewswire) — ORHub, Inc. (OTCQB: ORHB) (the “Company” or “ORHub”), a HIPAA compliant, physician-driven digital software company focused on improving profitability and the cost effectiveness of hospitals through real-time smart data and analytics, today announces the launch of Vendor Hub™, the first of a series of software modules to enhance the hospital and vendor relationship to improve profitability.
Vendor Hub™ is a cloud-based application designed to automate the delivery order of surgical supplies. Information at the point-of-surgery is difficult to track but very valuable. Vendor Hub™ captures and centralizes such information by replacing fragmented and outdated manual and paper-driven processes. By creating a new single source of active information, the “Hub”, the Company enables real-time business intelligence solutions that can compress the payment cycles and deliver intended cash savings to hospitals and medical implant vendors. Vendor HubTM is easy to install on any web-enabled device and integrates well with legacy Electronic Health Records (EHR) systems.
“We are extremely proud to release Vendor Hub™, which simplifies the business between hospitals and medical implant vendors through advanced automation and uniform processes,” stated Colt Melby, Chief Executive Officer of ORHub. “This application creates an epicenter of data within the operating room to provide our hospital clients and vendors with transparency and visibility for total cost-of-care. We look forward to delivering a new era of business intelligence that can impact financial performance and deliver positive outcomes.”
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.