Effort Poised to Result in Major Reductions in Surgical Costs and Improved Outcomes
NEWPORT BEACH, CA / ACCESSWIRE / March 2, 2017 / ORHub, Inc. (OTC PINK: ORHB), a cloud-based health care software-as-a-service (SaaS) company focused on decreasing costs and increasing outcomes in surgical care, announces a new solution built on Microsoft Azure that's focused on the single biggest cost center for healthcare - surgery.
Many hospitals and vendors today are struggling with rising costs, decreasing margins, and uneven quality, despite the hard work of well-intentioned, well-trained professionals. Without understanding the true costs of care for patient conditions, much less how costs are related to outcomes, health care organizations are flying blind in deciding how to improve efficiency and increase quality. Legacy delivery approaches, payment structures, and software which have largely remained unchanged for decades, have reinforced the problem and produced a system with erratic quality and unsustainable costs.
ORHub has solved this problem by creating a value-based solution that tracks the cost of treating a condition from diagnosis to discharge, and then tracking outcomes that resulted from that treatment. ORHub's platform enables all parties involved in surgical care to organize, deliver, measure, and reimburse in a streamlined process. This allows for significant decreases in cost and improvement in outcomes by eliminating inefficiencies, duplication of effort, and errors and omissions that result from siloed processes in software and poor handoffs from one part of the care process to another.
Installations of ORHub's solution are in full production usage daily at two major southern California hospitals, both of which are members of the nation's second largest non-profit hospital system. Hospital Regional President and CEO, Richard Afable, stated that ORHub was "one of those innovative new systems that can, and will, provide for us the kind of information, the kind of data that we need in order to take better care of patients and to do it more effectively and more efficiently."
"We've had an extraordinarily productive year working with Microsoft," says Wesley Mitchell, Chief Technology Officer of ORHub. "We went from concept to production in less than a year in Institutional Medicine. We couldn't have done that without the knowledge and expertise of our friends at Microsoft. They cleared the way for us in terms of technology and regulatory safety by building platforms like Microsoft Azure which enables HIPAA compliance so that we could focus on what's most important to us: delivering value to our customers."
ORHub worked with Microsoft for Startups on a variety of technical engagements that helped create the digital platform's initial architecture. The design of the solution is based on the recognition that today's siloed health care software is fundamentally incompatible with a value-based approach, which emphasizes that organizations wanting to practice value-based health care need software built from the ground-up with that goal in mind.
"ORHub's solution on Microsoft Azure has the potential to have a big impact on one of the costliest areas of healthcare - surgery - bringing efficiencies to its customers and savings to patients," said Jim Brisimitzis, General Manager, Microsoft for Startups at Microsoft Corp. "Azure's global scale, security and compliance portfolio make it the ideal cloud platform for health organizations and the partners that serve them."
During early product development, the Microsoft for Startups team also helped ORHub with customer introductions, which proved to be impactful for clearly understanding customer needs and helped the Company avoid potential pitfalls in structuring its technology and contracts.
With a year of production in play, ORHub has received overwhelming interest in its platform, and is now in discussions with health care providers across the United States. Institutions that have adopted a value-based model have reaped savings of 20-40% on their overall cost of care. ORHub allows participating hospitals to avoid the long, drawn out consulting approach to adopting a value-based model by providing a comprehensive tool that is value-based by design.
This approach produces real-time metrics in a uniform manner at any institution, which makes it ideal for large providers looking to make improvements across the board at multiple facilities. ORHub recently launched its second major hospital customer, and plans to roll-out to 1,100 hospitals in the next 18 months.
"Before we even wrote out our first architecture diagram, we were having coffee with Jim and planning out our strategy together. Jim didn't just give us software credits, he offered advice, introduced us to influencers, industry insiders, and sales veterans who he promptly converted to believers themselves. The army of people at Microsoft who help us every day with everything from technology to marketing advice are here because Jim recruited them," says Mitchell. "No one knows health care better than Microsoft and we are proud to announce initial positive results from our collaboration with the company."
About ORHub, Inc.
ORHub is a cloud-based software platform focused on delivering value-based medicine in surgical care. The company enables all parties involved in surgical care to work together to organize, deliver, measure and reimburse in a single uniform process. This allows for significant decreases in cost and improvement in outcomes by eliminating inefficiencies, duplication of effort, and errors and omissions that result from siloed processes in software and poor handoffs from one part of the care process to another.
The need for ORHub is clear. Health care comprises more than 17% of US GDP at over $3 trillion dollars per year. With costs rising every year due to an aging population and more expensive treatments, providers are under severe pressure to become more efficient and reduce costs from payers who are aggressively reducing reimbursements and finally moving away from fee-for-service and toward performance-based reimbursement. ORHub enables providers to thrive in this new environment by addressing the single largest segment of health care, which is surgical care. ORHub replaces numerous legacy systems with a 360 degree system that is focused on tracking cost from diagnosis to discharge centered on treating a patient for a specific condition. ORHub has offices at Phoenix, Arizona; Newport Beach, California; and Bellevue, Washington.
For more information, visit www.orhub.com.
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.
Contact:
Wesley Mitchell, CTO
[email protected]
10900 NE 4th Street, Suite 2300
Bellevue, WA 98004
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NetworkNewsWire (NNW)
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SOURCE: ORHub, Inc.