All posts by : ORHub

Shareholder Letter – October 16, 2019

Dear Shareholders,

It is a pleasure to update you today as CEO of ORHUB. For those of you I have not had a chance to meet or talk to, I would like to introduce myself. My name is Robert Lazzara, everyone calls me Bobby. My background includes training in critical care, general surgery, and finally cardiac surgery, which I practiced for twenty years. My business background was born in private family enterprises, physician healthcare enterprises, and broadcast media for patient and physician education and engagement.

I came onboard ORHUB with great enthusiasm.  Prior to joining as Chief Medical Officer I invested in the company after a product demonstration from the companys sales team, and subsequently became Chairman and Chief Executive Officer after it became clear to our former CEO and the Board of Directors that a transition was needed to take the Company to the next level with our clients, while navigating the complexities of our marketplace.   My enthusiasm has escalated as I see great things ahead for our Company built around our focus on improving outcomes and costs for patients, physicians, ASCs, hospitals and their extended healthcare systems.

The initial focus in my first two months with the Company was on addressing operational issues, and working to end the noteholder litigation that has been draining our Company’s resources and inhibiting growth at multiple levels. In parallel, I have been focused on changing and expanding our sales approach and revenue structure by developing unique approaches to incentivize new customers and sales teams.  My belief in the Company and its product is best exemplified in utilizing my personal connections to significantly impact sales progress through physician and C-suite leaders.

The Company’s strategic approach to sales is proving successful with a new revenue structure based on a per case usage fee only, no implementation fee, and no long term contracts, and prepaid discounts. In addition, inauguration of a Premier Membership model for select customers that includes royalty rebates, referral rebates to other hospitals and ASCs system wide, advisory board membership, and priority opportunity to test new releases is also proving successful for growth. Our first three anticipated Premier Members are Baptist Medical, OISC, and Anderson Medical Center. We plan to update our shareholders through company press releases once new members are definitively engaged.

With success at each of these locations, their connection to larger healthcare systems has the potential for growth in case volume. The Company believes that revenue generation will begin in 2020 with growth beyond. Earlier revenue generation is a possibility with several of our incentive models rolled out in the last several months.   

I believe that the Company can become profitable and well respected by improving outcomes and the bottom line in healthcare providers beginning in surgery and moving rapidly throughout the business and organization.  Our role as a SaaS provider gives us a unique opportunity to rapidly land and expand to create additional products around all procedural specialties. To that end I would like to announce the deployment of our newest product extension, Interventional Cardiology Spotlight, developed in conjunction with Anderson Medical Center in Mississippi with Cardiology Chair, Dr. Wes Bennett, where it will be launched.

The Company continues to evaluate the business structure and policies from the Board level down, and will remain diligent in making adjustments that will benefit sales and operations to drive shareholder value and Company health.

One of the issues impacting the Company and its resources, financial reporting, investors, employees, and customers has been the ongoing litigation with AXT Analytics, LLC, a company controlled by Mr. Rick Buonincontri. A letter to Noteholders is linked here and listed below, outlining the companys approach to ending this drain on Company resources. From this point forward, all of my efforts, and those of the Board, will be singularly focused on the successful operation of this Company, not participating in negative rhetoric. Suffice to say, the Company is moving forward and will not let any individual or group of individuals stand in the way of progress for our Company. ORHUBs sole focus is to proceed with what is in the best interest of all investors.

These next few months are critical for the Company and revolve around parallel tracks consisting of efforts to raise new capital, financial audits, growing our customer base and revenue, and initiation of our short and long term strategic plans which include evaluating joint ventures in telehealth, patient engagement,  streaming video, and virtual reality for patients and potential M&As. We are planning to host a Shareholder Meeting in Jacksonville, FL before year-end and will be in touch with additional details as we finalize.

I am confident in Surgical Spotlight®, a real-time surgical analytic product to springboard this Company forward.  Our investor base, and its physician leaders, are unique  among healthcare companies. Our core group of employees continue to work hard and have gone above and beyond what is required to keep this company afloat despite lack of capital and other outside distractions.

The coming weeks and months will define this Company and the direction it is heading.  I am asking everyone involved at any level to work together, focus initially on the near term, and get ORHUB to where we all know and believe it can be: a proud healthcare company that has risen to benefit its investors and customers.

Sincerely,

Dr. Robert Bobby Lazzara

Chief Executive Officer and Board Chairman

ORHub, Inc.

Link to Noteholder Letter: https://www.orhub.com/noteholder-letter-october-7-2019/

ORHub, Inc. Announces a Stay of Litigation

ORHub, Inc. Has Negotiated a Ninety Day Stay of Litigation

TEMPE, Ariz., August 30, 2019 — ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a Microsoft Silver Partner and cloud-based healthcare intelligence company focused on the business of surgery, today announced that the Company received confirmation from the courts granting a stay of litigation for ninety days while the Company and certain shareholders make efforts to negotiate a fair resolution pertaining to their contractual dispute arising out of the Series 2017 A 12%  Note Agreement.

The Company’s Chairman and CEO, Dr. Robert “Bobby” Lazzara, stated, “I am pleased with the progress the Company has made so far working with these former note holders in finding an equitable resolution that addresses their concerns.  Our number one goal is to maximize the value of our shareholders, while managing the interests and concerns of all our constituents.”

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASC,s) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach 50BN by 2024 with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019.

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

ORHub, Inc. Announces Partnership with Medical News Minute

CEO, Dr. Bobby Lazzara, Begins a Campaign of Targeted Digital Assets To Drive Exposure

TEMPE, Ariz., Aug. 15, 2019 – via NetworkWire – ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a Microsoft Silver Partner and cloud-based healthcare intelligence company focused on the business of surgery, today announced a partnership with Medical News Minute (“Medical News Minute” or “MNM”), a physician-directed medical broadcast media company. The two specialized companies will join efforts to increase exposure of ORHub’s Surgical Spotlight®.

“Upon first introduction to ORHub Surgical Spotlight®, I saw nothing but opportunity and an inevitable partnership on the horizon,” said Dr. Bobby Lazzara, Chairman and CEO of ORHub. “This tool will be an invaluable and critical resource in every OR, exponentially increasing productivity and benefitting physicians, healthcare organizations, and patients,” continued the former critical care and cardio thoracic surgeon.

With a focus on Enhanced Recovery After Surgery (ERAS) protocols, the collaboration will develop and introduce novel approaches to further enhance ORHub Surgical Spotlight®. Dr. Lazzara explains, “We are creating innovative digital assets for both physicians and patients to increase engagement and improve OR efficiency which in turn promote improved procedure outcomes.”

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASCs) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach 50BN by 2024with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019.

To view a previously released Microsoft Case Study on HOI and ORHub visit:
https://customers.microsoft.com/en-us/story/hoi-health-azure

About Medical News Minute

Medical News Minute is a broadcast media company producing and distributing physician- and expert-presented health and medical digital content via a carefully curated digital health network. Healthcare providers and patients alike demand current and reliable medical information for educational purposes and to make informed decisions regarding personal medical care. Medical News Minute leverages digital platforms and video broadcast to deliver trusted, unbiased health information, medical innovation, and health-related news to the professional and patient communities.

With an ever-growing and comprehensive portfolio of digital assets, Medical News Minute’s priority is to make the latest in healthcare available to medical professionals and patients and increase patient engagement. Medical News Minute’s core competency is the creation and placement of streaming videos on medical technology and innovation, chronic disease management, medication information, adherence of hospital procedures, admission and discharge planning, behavioral and lifestyle changes, and the latest medical research. Medical News Minute’s latest venture revolves around immersive virtual reality (VR) and its positive impact on pain and anxiety management in a clinical setting.

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

ORHub, Inc. Announces New Chairman to the Board of Directors

Dr. Robert “Bobby” Lazzara, CEO of ORHub, Named Chairman of the Board

TEMPE, Ariz., August 12, 2019 — ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a Microsoft Silver Partner and cloud-based healthcare intelligence company focused on the business of surgery, today announced that the ORHub Board of Directors unanimously agreed and appointed Dr. Robert Lazzara to the Board of Directors as Chairman.

“It is an exciting time for ORHub, and I welcome the expanded responsibility as Chairman of the Board. We have a great team, and a great product. We are Singularly focused on Surgical Spotlight, a unique point of care product, that can springboard the company into rapid growth, not only through tremendous cost savings and improved patient access for health systems, but by improving clinical outcomes for patients and physicians through our long term strategic plan.” comments Dr. Lazzara.

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASC’s) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach 50BN by 2024with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019.

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

Release Notes for July 23 and August 1: Monthly Facility Summary

We are doing an early release this week to bring you a couple exciting new feature: the Monthly Facility Summary and the PACU Phase 2 report. The Monthly Facility Summary gives you a quick snapshot of the core KPIs for a facility month-over-month to help you track your performance against your goals – an important part of the Lean process. The PACU Phase 2 report extends the examination of how patients move throughout the recovery phase of care, helping with better planning.

We’re also changing how we publish these release notes. They are now on our public website. Right here.

Last but not least, ORHub announced a new CEO this week. You may recognize Dr. Bobby Lazzara from a few of our videos, including the latest one about the surgical case receipt!

Monthly Facility Summary on the Landing Page

Alvarado Hospital Medical Center has been submitting a monthly overview of metrics to administration and wanted an easier way to gather and report on the key performance indicators of their OR. We added the Monthly Facility Summary to our landing page in response.

Under the “Dashboard” panel (located at the top of the left menu, (1) in the image below), you can select a “Location” and a “Type”. Chose the desired location and then select either ‘daily’ or ‘monthly’ ( (2) in the image below).

Monthly Facility Summary on Landing Page
Monthly Facility Summary on Landing Page

Eventually, this report will have an export function; for now, users can highlight the data with their mouse and copy/paste to a spreadsheet or Power Point file. This is straightforward: scroll to the bottom of the monthly summary, move your mouse to the bottom row and place at the end of the last column; click your mouse and drag to the top of the monthly summary. Then just paste into whatever file format you desire.

Using Copy and Paste to export the Monthly Facility Summary from the Landing Page
Using Copy and Paste to export the Monthly Facility Summary from the Landing Page

Cadence Visual an Case Viewer

The case viewer is great for validating case data in Surgical Spotlight® and many customers are using it as a way to understand how a single case fits into the big picture.

We will be adding this Cadence view onto the Case Receipt in the future. We believe that Cadence helps customers understand labor costs for surgery, and the case receipt helps get the information to customers in a timely way. Stay tuned for future developments! We’ll be adding intra-operative and post-operative labor costs to both the Case View and Case Receipt!

Case Receipt: The Cadence chart is now on the Case Viewer, showing the time progression of the overall case from interop through pacu.
The Cadence chart is now on the Case Viewer

PACU Phase 2 Report

We’ve added a new report! PACU phase 2 is now avaible to our customers. Not all customers will see it immediately, but we’ll be reaching out to make sure you’re getting the most out of Spotlight. Once it’s activated, you’ll see the report in the menu right beside the PACU Phase 1 report.

Surgical Recovery: PACU Phase 2

ORHub, Inc. Announces New CEO

Dr. Robert “Bobby” Lazzara Named CEO after joining the Company as its Chief Medical Officer

TEMPE, Ariz., July 31, 2019 — ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a Microsoft Silver Partner and cloud-based healthcare analytics company focused on the business of surgery, today announced that Colton Melby and the ORHub Board of Directors mutually agreed that Mr. Melby is stepping aside from the position of Chairman and CEO with Dr. Robert Lazzara becoming the new CEO.  During this transitional time, led by Dr. Robert Lazzara, the company will be looking to expand its Board of Directors, including the Chairman position.

Mr. Melby states, “I am excited to welcome Dr. Lazzara as the Company’s new CEO.  Having had the opportunity to help build the Company to this point, Dr. Lazzara is my natural choice for this transition given his three decades of operating room experience, his surgical expertise and his tremendous achievements using new innovative technologies that have earned him several recognitions such as becoming a  Smithsonian Laureate for his pioneering work utilizing the Internet and information technology as a health care educational tool.  I look forward to fully supporting Dr. Lazzara as the Company continues to accelerate growth.  In short order, he has proven to be a valuable asset to the Company.”

Dr. Lazzara’s full Curriculum Vitae is available, showing his extensive background as an industry veteran and trail blazer in this market. Please click the link below to read more:

As a former Diplomate of the American Board of Surgery and the American Board of Thoracic Surgery, Dr. Lazzara had a special interest in minimally invasive and robotic surgery and believes in using the latest technology to serve all patient’s needs.  His business leadership experience, expertise in healthcare video education and social media marketing will be critical as ORHub gains awareness and authority in the analytics market. 

“I am honored to have the support of the Board of Directors, Colton Melby, and the rest of the ORHub team, as we continue to capture market share and change the business of surgery.  Surgical Spotlight is an incredible tool that is already making an impact on the business of surgery and I will continue to drive value for the Shareholders as we increase our influence on the medical community.  The entire Company is incredibly appreciative of the contributions and milestones Mr. Melby has accomplished thus far, and I look forward to our ongoing partnership through the transition” comments Dr. Lazzara.

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASC,s) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach 50BN by 2024 with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019. [1] [2] 

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

ORHub Inc. Chief Medical Officer, Bobby Lazzara Sheds Light on the Value of Incorporating Fundamental Key Performance Indicator Data, and Streamlining for Substantial Cost Controls

Comparing Traditional Daily Procedures, Dr. Lazzara Reveals How Strong Profitability Can be Heightened Through the Integration of ORHub’s Advanced Analytics

NEW YORK (July 25, 2019) – ORHub Inc. (OTC: ORHB), a cloud-based healthcare analytics company, on a mission to optimize the business of surgery through lean process improvement, today released a brief presentation, where focus was drawn to how Perioperative Leadership stands to benefit from the simple ability to harness the daily procedural costs.

Dr. Lazzara describes issues not yet addressed in the industry, “Behaviors that can center focus on team building and the development of surgical systems is approaching hospital systems nationwide, saving millions of dollars in improved patient access, all at the same time!”

In this educational video segment, ORHub Chief Medical Officer, Dr. Robert “Bobby” Lazzara, describes how the ORHub Surgical Receipts create state of the art solutions, effectively eliminating overinflated spending through limitations involved with antiquated resources incapable of processing real-time analytics.

ORHub’s analytics product Surgical Spotlight® is a cloud-based analytics tool that helps perioperative leaders such as physicians, nurses and administrators spot trends and outliers with curated performance indicators, increasing efficiency, decreasing costs and improving patient access in the operating room.

Medical News Minute provides further details on ORHub’s Surgical Spotlight application in this brief video featuring Dr. Lazzara.

ORHub’s vision is to place Surgical Spotlight® into as many operating rooms as possible, utilizing streaming videos and digital apps for increased patient and provider education. In addition to surgical specialties, Surgical Spotlight® covers procedurally oriented specialties include the interventional cardiology lab, interventional radiology lab or gastrointestinal lab. Surgical Spotlight®, since its launch earlier this year, continues gaining market traction and system penetration.

About ORHub

ORHub is a growth-stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room. For more information, visit the company’s website at www.ORHub.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

Company Communications

Jason Brown
Jason.Brown@ORHub.com
(612) 209-7565

ORHub Inc. Chief Medical Officer “Bobby” Lazzara Summarizes Vision and Latest Developments in Exclusive NetworkNewsWire Broadcast

NEW YORK (July 18, 2019) – via NetworkNewsAudio – ORHub Inc. (OTC: ORHB), a cloud-based healthcare analytics company, on a mission to optimize the business of surgery through lean process improvement, today announces the broadcast of its exclusive audio interview with NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) solution.

The interview can be heard at http://nnw.fm/Si3G2

ORHub Chief Medical Officer Dr. Robert “Bobby” Lazzara joins NNW host Stuart Smith for a look at the successful launch of ORHub’s product – Surgical Spotlight® – a cloud-based analytics tool that allows perioperative leaders such as physicians, nurses and administrators spot trends and outliers with curated performance indicators, increasing efficiency, decreasing costs and improving patient access in the operating room.

Medical News Minute provides further details on ORHub’s Surgical Spotlight application in this brief video featuring Dr. Lazzara.

“Our focus revolves around becoming a powerful foundational resource in the Operating Room. Streamlining in a manner that incorporates all factors enables not only significant cost reductions, but substantially heightened efficiency, yielding an unparalleled competitive advantage for surgeons and a maximized value to their patients,” stated Dr. Lazzara

He continued, “By providing the information that allows for a change in behavior, control is put into the hands of surgeons and administrators, enabling the evaluation of trends, and empowering the facility to make instantaneous adjustments that will continue building efficiency and profitability on an ongoing basis.”

“On track to gain about two percent market share toward the end of 2019,” Dr. Lazzara concludes, “…our goal to gain notable exposure, raise capital, and drive revenue into the Company as we continue to gain awareness. We believe that this valuable technology, with empowerment through mentorship nationwide, will be a strong contributor toward a long overdue paradigm shift in the continually evolving health care industry.”

ORHub’s vision is to place Surgical Spotlight® into as many operating rooms as possible, utilizing streaming videos and digital apps for increased patient and provider education. Current procedurally oriented specialties include the interventional cardiology lab, interventional radiology lab or gastrointestinal lab. Surgical Spotlight®, since its launch earlier this year, continues gaining market traction and system penetration.

About ORHub Inc.

ORHub is a growth-stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room. For more information, visit the company’s website at www.ORHub.com.

About NetworkNewsAudio

NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) can assist your company by cutting through the overload of information in today’s market, NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire (NNW) is where news, content and information converge. NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of more than 5,000 key syndication outlets across the nation.

For more information, visit: www.NetworkNewsAudio.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

Company Contact:

Jason Brown
Jason.Brown@ORHub.com
(714) 228-5667

Corporate Communications:

NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com

ORHub, Inc. Settles Litigation with Former Chief Financial Officer

TEMPE, Ariz., July 01, 2019 (GLOBE NEWSWIRE) — via NetworkWire – ORHub, Inc. (OTC: ORHB) (the “Company” or “ORHub”), a cloud-based healthcare analytics company, today announced it has reached a resolution of its contract dispute with its former chief financial officer, Lanny Lang, and his firm Lang Financial Services, Inc.

ORHub Chairman and CEO Colton Melby spoke about the settlement and his vision for the Company, saying, “It is unfortunate that Mr. Lang and the Company had to engage in litigation to resolve their dispute, but it should in no way reflect on the work Mr. Lang performed for the Company during its developmental phase between June 2016 and June 2018. With this matter now firmly behind us, the board and management team will focus on executing on the Company’s near- and long-term objectives to realize the potential of our innovative perioperative dashboard product, Surgical Spotlight®, and to drive value for our shareholders.”

Mr. Lang stated, “I am pleased to have reached an amicable settlement with the Company. Having this contract dispute behind us will allow management to focus on executing its business plan and growing the underlying business without the distraction of litigation. As an investor and shareholder, I fully support the management team of ORHub in those efforts.”

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASCs) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach $50 billion by 2024 with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019.

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