NEWPORT BEACH, CA (February 6, 2018) – via NetworkWire – ORHub, Inc. (OTC: ORHB) announced today that $3.2 million dollars has been successfully raised to further the Company’s reach into the marketplace with its revolutionary healthcare IT Vertical Specific Software, which is poised to transform the business of surgery by delivering real-time, casebased surgical data analytics.
This latest funding comes on the heels of the recent warrant program that, at the close of 2017, yielded the Company $3.8 million in working capital. More than $7.0 million raised in past 60 days to drive national sales and scale operations for revolutionary healthcare software.
Offering enhanced capabilities over traditional EHR solutions in the operating room, ORHub’s software creates a value-based solution that streamlines surgical care delivery by tracking comprehensive data using proprietary technology. The Company’s software has international applications and is particularly ripe for deployment in the United Kingdom, where such solutions are being urgently sought.
ORHub has already secured commitments from three additional major hospitals and has generated interest from countless others. This timely funding will enable the Company’s management to meet this demand. ORHub recently announced gross proceeds of $3,860,000 from the exercise of warrants prior to their expiration on December 31, 2017.
“We are very pleased with having the resources and capability to harness and propel our performance and efficiency levels, as anticipated demands heighten. We believe that having the funding in place to facilitate expected orders and maximize efficiency is key to being fully prepared for success,” stated Colton Melby, CEO of 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