ORHub News

A full listing our news and press releases.

ORHub, Inc. Announces another New Customer for Surgical Spotlight

Dr. Robert Lazzara paves the way for success and gains significant case volume as ORHub nears its year-end goals

TEMPE, Ariz., November 21, 2019 — ORHub, Inc. (OTC: ORHB; the “Company”), a Microsoft Silver Partner and cloud-based healthcare intelligence company delivering clinical and business insights daily for the collaboration of providers and leadership, today announced the successful execution of a new sales contract that will add over 17,500 cases to ORHub’s Surgical Spotlight® through 2020.

This customer will leverage Surgical Spotlight® to make improvements in operations and materials usage while reflecting on historical case information to set benchmarks for 2020 initiatives. “We look forward to this particular partnership with both organizations having such enthusiasm for improvement and best practice. The closing of this account takes us beyond the half-way mark on our case volume goal of adding 60,000 annual cases by end of 2019,” says ORHub CEO, Dr. Robert Lazzara.

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through team collaboration and proactive operations.  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

ORHub, Inc. Announces a New Sales Contract Signed

Dr. Robert Lazzara leads successful sales initiatives with additional accounts on the horizon

TEMPE, Ariz., November 20, 2019 — ORHub, Inc. (OTC: ORHB; the “Company”), a Microsoft Silver Partner and cloud-based healthcare intelligence company delivering clinical and business insights daily for the collaboration of providers and leadership, today announced the successful execution of a new sales contract that will add over 20,000 cases to ORHub’s Surgical Spotlight® through 2020.

The customer has entered into an agreement for Surgical Spotlight® that will allow them the insight needed to make substantial improvements in operational efficiencies, facility optimization, and cost transparency and reduction. “The Team at ORHub has worked diligently to secure the account and create strong relationships with key decision makers and product users within the system. The closing of this account is the first under my direction with several others targeted as we near our goal of adding 60,000 annual cases by end of 2019,” says ORHub CEO, Dr. Robert Lazzara.

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through team collaboration and proactive operations.  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

First Case On Time Starts – Setting the Pace

Our very own Dr Bobby Lazzara has a new video posted for ORHub. Watch as he explains how First Case On Time Starts (FCOTS) impacts the financial bottom line of the OR.

Dr Bobby Lazzara explains how FCOTS impact morale and the financial bottom line of the OR.

The Cost of First Case On Time Starts

A recent JAMA article shows how an OR minute costs between $36 and $37 in California. An Article in OR Manager describing key benchmarks indicates that the median hospital performs at less than 65% on time for first cases. It also shows that FCOTS is a leading indicator of overall performance.

One of the key reasons that First Case On Time Starts are a leading indicator is because of the cascading effect that occurs when a case starts late. It sets the pace for the day both directly and indirectly. Directly, if the first case is late, then unless it runs short (scheduling accuracy is another indicator), the following case will also be delayed. This compounding problem can quickly lead to overtime. But FCOTS also indirectly affect performance by creating a culture of acceptable under performance. A culture of underperformance makes it progressively harder to improve processes.

Surgical Spotlight’s On Time Starts Dashboard

We designed Surgical Spotlight to make investigation of all of the key performance metrics easy. The On Time Starts metrics make it easy to quantify and qualify the impact of FCOTS. Combining this with our Cadence view helps understand overall time usage of the OR.

The On Time Starts dashboard helps you visualize the frequency and impact of FCOTS
The ORHub On Time Starts dashboard makes it easy to visualize how often cases are late and makes it easy to quantify the impact of those late minutes.
The dashboard makes it easy to dive into root causes for late cases.
The dashboard makes it easy to dive into root causes for late cases.

Surgical Spotlight is meant to help improve processes in the OR. It looks at the same metrics outlined in ORManager article (and more) to help measure the OR performance. Once the performance is measured, it helps you identify root causes, and monitor the impact of changes in your OR. FCOTS are important to measure on an ongoing basis; course corrections need to occur before problems become ingrained or insurmountable. Daily and weekly detailed reviews are far more impactful than quarterly, high level summaries.

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/

Release Notes: Surgical time cost breakdown in Cadence

Our latest release adds a surgical time cost breakdown to the cadence KPI’s dashboard. The cost of running an OR can be significant. Recent research showing it averages between $36 and $37 a minute! We’ve also made a few efficiency improvements and dramatically sped up the loading speed of the landing dashboard.

Surgical Time Cost Breakdown in Cadence

One of our customers requested a cost per minute breakdown of their surgery costs. In true ORHub fashion we made the feature available to all of our customers. The cadence view now shows a cost breakdown of surgery. This is based on intra-operative and post-operative costs for all of the cases being viewed. When you hover over each surgeon’s cadence bar we show the breakdown of time cost for that surgeon. This can help lend some financial perspective on how the surgical team is improving.

The cost breakdown can help focus efforts – for instance we can see that there’s a pretty broad variance in late minutes on this view. Our on-time start report can help determine what the primary causes of those late starts are, and help target efforts for improvement. If you who want the details on a case by case basis, the breakdown we announced a few weeks ago showing the cadence graph in the case viewer is very helpful.

Cadence View showing the Surgical Time Cost Breakdown
Surgical Time Cost Breakdown in Cadence View

Before we roll this out at your facility we need a couple key pieces of information. We’ll be connecting over the next couple weeks to help you get set up. But if you’re excited about the feature, please reach out to your support team and we’ll update it ASAP!

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

DFWHC Webinar “Surgical Spotlight” presented by ORHub

ORHub’s Director of Product presented Surgical Spotlight and how to use analytics to improve operations, costs, and patient access in a Dallas Fort-Worth Hospital Council webinar.

On August 22, 2019, Blake Stock, ORHub’s Director of Product presented Surgical Spotlight in a DFWHC (DFW Hospital Council) webinar. The focus was on using analytics to improve operations, costs, and patient access.

The webinar was recorded and has been posted here.

ORHub presents Surgical Spotlight to Dallas Fort-Worth Hospital Council

Release Notes for improved timing chart in Case Viewer and Improving Visibility in the OR with Analytics Webinar

In this week’s release of Surgical Spotlight we released a couple updates for how we view cases in the case viewer and for how some of the validations are displayed. Both of these things should make your life a lot simpler when looking at cases and data issues. We also are proud to announce that our very own Blake Stock is presenting to the DFW Hospital Council about improving visibility in the OR with analytics!

Case Timings Update

In one of our recent releases we added a chart of the case timings to our Case Viewer. We improved the chart this week by changing the scale from minutes to time-of-day. We made the change to make it easier to see all of the pertinent case times at a glance, rather than having to look at the all of the details below.

Instead of showing minutes starting at zero, we now show you the scheduled start time and the minutes for each phase. One of the beneficial side effects of this is that we now show you any gaps, for instance from when the procedure is complete to recovery while a patient is in transition. This can help improve visibility in the OR.

A visual of case timings is enhanced in the update Case Viewer
Case timings are now shown on a time-of-day scale instead of a minute scale.

Overlapping Cases in the Same Room

Data validation can be tricky, and when a flag is raised over two cases overlapping, it can be challenging to surface the issue. When two cases are documented as overlapping in the same room, it can be tough to get to the details for each of those cases. We now have a solution for our customers that provides two separate case links in the data validation viewer, making it easy to find the resolution. 

Data Validation showing two overlapping cases with their corresponding links

Improving Visibility in the OR through Analytics Webinar!

Our very own Blake J. Stock, MBA, CPM, our Director of Product is presenting with the DFW Hospital Council this week for a webinar on analytics. He will take a group through some industry information giving real-world use-cases on how analytics can improve Block Utilization, On Time Starts, Booking Accuracy, Staffing Models, and materials costs.

Take a look at the flyer here.

Complimentary webinar on improving visibility in the OR using data analytics

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