ORHub News

A full listing our news and press releases.

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

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