ORHub, Inc. (ORHB)

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ORHub, Inc. (ORHB)

Postby QualityStocks » Wed Feb 15, 2017 12:32 pm

ORHub, Inc. is a cloud-based software platform designed to transform the business of surgery into a value-based model. The platform empowers care providers at every stage of the surgical process to collaborate, organize, deliver, measure, and reimburse in one intuitive, easy-to-use program. This significantly decreases cost and improves outcomes by eliminating inefficiencies, duplications of effort, and errors and omissions that result from siloed processes in outdated software and poor handoffs from one part of the care process to another.

The need for ORHub is clear. Health care costs are out of control at more than 17% of US GDP, which equates to over $3 trillion per year. With costs rising every year due to an aging population and increasingly expensive treatments, providers are under severe pressure to become more efficient and reduce costs. This is happening because payors are aggressively reducing reimbursements and finally moving away from fee-for-service and toward a performance-based reimbursement system referred to as value-based health care.

Accurately measuring the cost of treating a condition and relating that cost to the patient's outcome is at the heart of value-based health care. Institutions that have adopted this model have reaped savings of 20-40% on their overall cost of care. Unfortunately, today's siloed IT systems are fundamentally at odds with this process. Legacy health care solutions come from a fee-for-service world and have reinforced the problem and produced a system with erratic quality and unsustainable costs. Most health care applications today are incremental improvements on these existing systems or are simple digital implementations of antiquated pen-and-paper processes.

Providers wanting to practice value-based health care need value-based software. ORHub creates a value-based solution that will revolutionize surgical care delivery by tracking the cost of treating a condition from diagnosis to discharge, and tracking outcomes that resulted from that treatment.

In an industry where major IT rollouts traditionally cost millions of dollars and take an average of eighteen months, pilot installations of ORHub have been completed in less than a month. By avoiding integration with legacy systems completely through a radically comprehensive and collaborative approach, providers see results right away. 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 started as a pilot program developed in cooperation with a major Southern California hospital. It has since expanded operations into a second facility at the number two non-profit hospital system in the US. Three additional pilot programs are scheduled prior to a national launch. The company has raised more than $1.6 million as of January 2017.

The company is also a showcase member of the startup program at Microsoft, which has been a key partner by providing financial assistance, strategy, introductions to influencers and mentors, and access to its sales organization who see ORHub as an exciting partner to expand the utilization of Microsoft Surface devices and Azure Cloud. Microsoft is funding a major case study in partnership with Intel about the impact of ORHub on participating institutions to be concluded sometime in Q2 2017.

ORHub's leadership team is helmed by Colt Melby, who was appointed CEO in 2016 and has been crucial to developing and executing the company's business strategy. Mr. Melby's extensive business experience includes the NASDAQ uplisting of Smith and Wesson (now American Outdoor Brands), CUI Global Inc., and Quest Resource Holdings Corp. His wealth of information and relationships have been vital in helping the company go from concept to production in institutional medicine in less than a year.

Delivering surgical care to a single patient is a complex process that may take half a dozen companies and more than a dozen departments cooperating inside and outside the care facility. ORHub simplifies and streamlines this process by enabling vendors, providers, and surgeons to collaborate on providing care.
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Thu Feb 16, 2017 5:07 pm

ORhub, Inc. (ORHB) Aims to Cut Annual US Health Care Spending by $250 Billion

ORhub, Inc. (OTC: ORHB), is a cloud-based health care software-as-a-service company whose primary aim is to improve the outcome and reduce costs of surgical care in a variety of hospitals and health care institutions in the United States.

Because many hospitals still rely on paper documentation to track everything that occurs during an operation, there is more space for mistakes, missing information, delays, and payment problems, as well as, generally, less opportunity to effectively improve procedures. ORhub’s digital platform eliminates a variety of the limitations and problems inherent with paper documentation.

Aside from reducing potential mistakes, the platform creates automatic records, streamlines tasks to save time, and enables rich data analysis across all of the hospital’s cases. This allows health care institutions to more easily determine whether comparable surgeries cost the same, the types of implants needed and how they are used, and any inventory that needs to be restocked.

In recent news, the company went through a merger (http://nnw.fm/8E8g6) between MemReg, Inc. and ORhub, Inc., with MemReg formally changing its name and ticker symbol to align with its new identity. It’s part of a process to put together initiatives for improving liquidity, strengthening brand recognition, and preparing for future listing on a senior exchange.

Most recently, the company expanded its pilot program (http://nnw.fm/Cv7II) to include one of the top five highest-volume orthopedic hospitals in America. This hospital has been given a five-star rating by the U.S. Centers for Medicare and Medicaid and has been ranked as one of the best orthopedic hospitals in the country two years in a row by U.S. News & World Report. In addition, it is the highest volume provider of joint replacements in California, according to California’s Office of Statewide Health Planning and Development (OSHPD), and is one of only eight hospitals in the state to be classified as a “Highest-Rate Hospital” for knee and hip surgery in 2016 by Consumer Reports.

In a news release, Chief Technology Officer Wesley Mitchell commented, “Our goal is to cut $250 billion out of annual U.S. health care spending by reducing cost and increasing efficiency in surgical operations, which is roughly one-third of the $3 trillion spent on health care in the U.S. every year. Moving forward with one of the most efficient hospitals in the nation gives us a platform to show that what we are doing can have a significant impact at any hospital, even one already praised for its efficiency.”

For more information, visit the company’s website at www.ORhub.com
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Wed Mar 01, 2017 4:32 pm

How Health Care Technology Can Reduce Spending and Improve Health System Efficiency

Amid rising health care costs, a growing number of businesses and providers in the health care system are looking to technology companies for solutions to increase efficiency and potentially reduce costs. Whether by simple digital innovations, such as remote monitoring or wearable devices, or more advanced and complex platforms that allow better management of health care processes, technology has the potential to change the system significantly by lowering costs, reducing spending, and improving overall standards of care. It is with this goal in mind that many leading health care technology service companies, such as Cerner Corporation (CERN), Salesforce.com, Inc. (CRM), ORHub, Inc. (ORHB) (ORHub Profile), Teladoc, Inc. (TDOC), and Veeva Systems, Inc. (VEEV), are working to provide state-of-the-art services built around a new, more efficient, value-based care model.

It is estimated that annual health care costs in the United States amount to more than $3 trillion a year, or roughly 17 percent of the GDP. According to Harvard Business Review data from late 2015, waste in health care spending is at about $1 trillion, much of which could be prevented by improving the overall care process, including more standardized billing and collection measures, compliance, oversight, and the standardization of best practices. Implementing a more efficient, value-based model nationwide, as opposed to the prevalent fee-for-service system, would also help reduce costs and waste and make the entire health care industry more effective.

With a strong commitment to the value-based model, ORHub’s (ORHB) technology 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 company’s software is 100 percent cloud-based and proprietary, and it is designed to eliminate limitations and mistakes associated with manual processes and poor handoffs, as well as to streamline tasks, create automatic records, and allow quick data comparisons to determine the most appropriate surgical and implant fit for each and every patient. This ultimately ensures that the health care provider can offer the best possible care, with minimal mistakes or risks, while the patient will benefit from the best and most cost-effective surgical solution available.

ORHub’s platform is already in daily use at a regional hospital in Southern California and in a prominent non-profit hospital system. ORHub also has plans to run three more pilot programs before officially launching its technology nationwide. ORHub projects that its surgical care management software can ultimately help reduce annual health care spending in the United States by $250 billion.

Salesforce.com’s (CRM) approach to health care technology is its Health Cloud solution, which focuses on the entire health care process and patient-care provider relationship. The Health Cloud’s main goal is to give health care professionals the tools they need to collaborate more efficiently and better understand their patients’ needs, so that they can ultimately build stronger relationships. The cloud’s functionality was recently expanded to also help users manage risks, resources, and outreach in more intelligent ways.

Another cloud-based health care technology provider dedicated to the value-based model, Cerner (CERN) offers a rich portfolio of clinical and financial health care IT solutions, as well as management and operational tools to make health care providers more efficient and help them to deliver the best care, with the best outcomes at the most optimal costs. The company’s products are built around the proprietary Cerner Millennium architecture, with the cloud-based HealtheIntent platform arguably its flagship product. Cerner’s technologies connect people, systems and information at over 25,000 health care provider facilities around the world.

Veeva Systems (VEEV) is another leading provider of industry cloud software and data solutions, with a focus on customer relationship management tools designed to help biotechnology and pharmaceutical companies market their products to health care professionals and organizations. With a strong commitment to customer success, product excellent and innovation, Veeva has hundreds of customers worldwide, including some of the largest pharmaceutical and biotechnology companies.

Focusing primarily on telehealth and telemedicine options as a means to improve health care in general while also reducing spending, Teladoc (TDOC) connects patients with medical professionals via mobile devices, Internet, video and phone to offer them access to information and medical advice for a wide range of conditions ranging from respiratory infections and urinary infections to dermatological conditions, anxiety and more. The company serves about 7,500 health care organizations and has millions of members who can connect with a network of more than 3,000 licensed medical professionals for remote, personalized care.

Though diverse in delivery and function, today’s leading health care technology companies are collectively pioneering a significant shift in the management of health care processes to lower costs, reduce spending, and improve overall standards of care.

For more information on ORHub, Inc. please visit: ORHub, Inc. (ORHB)
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Fri Mar 03, 2017 5:26 pm

ORHub, Inc. (ORHB) Provides Cloud Based Cure for High Health Care Costs

Health care costs in the U.S. have been rising rapidly over the decades and data provided by the Kaiser Family Foundation (http://nnw.fm/f3Sc1) show the extent of that rise. In 1960, total national expenditure on health care was $27.2 billion, amounting to 5 percent of GDP. In 2015, it had climbed to $3.2 trillion, increasing by an astounding 11,785 percent to 17.8 percent of National Income (GDP). The causes are diverse: a combination of factors that include greater demand for health services and a population that is living longer. But the solutions have been less obvious. Now, ORHub, Inc. (OTC: ORHB) is offering a digital platform it believes will substantially lower costs. The ORHub system significantly decreases cost and improves 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.

At present, many of the systems that handle accountability, billing and inventory management in the 150 million annual surgical operations are manual. Consequently, processing takes a long time, with large numbers of unhappy vendors having to wait for 90 or 120 days to get paid. In addition, manual systems are labor intensive, requiring high-cost staff, but many back-office processes in the health care information management system can be handled faster and with less error by automation.

A McKinsey study (http://nnw.fm/TQa7C) demonstrates the extent of the problem. It reports that ‘fifteen cents of every US healthcare dollar go toward revenue cycle inefficiencies’. That would mean close to half a trillion dollars ‘go to claims processing, payments, billing, revenue cycle management (RCM), and bad debt—in part, because half of all payor-provider transactions involve outdated manual methods, such as phone calls and mailings.’ The study warns that for hospitals to survive requires ‘aggressive automation’.

However, RCM IT systems cost a packet. For example, Scripps Health, a nonprofit health care system, recently ‘spent nearly $19.9 million on software and hardware to make the switch to ICD-10’ (http://nnw.fm/3s8OP). ICD-10 is a medical classification system for diseases and related health problems.

The San Diego, California-based provider, which operates four hospitals and 19 outpatient facilities and treats half a million patients annually through 2,600 affiliated physicians, expects to expend $360.5 million over the next 10 years to upgrade its inpatient and ambulatory electronic health record (EHR) and revenue cycle management (RCM) systems. Faced with such financial hurdles, hospitals and other health care providers are likely to turn to cloud-based solutions. McKinsey expects ‘that RCM outsourcing will take off over the next several years— potentially, up to 40 percent of providers may consider end-to-end outsourcing in the near future’.

ORHub already has its foot in the door of this market. The production version of the first release of its digital platform is currently in daily use at two regional hospitals. ORHub plans to gain a dominant share of the surgical market. The company estimates the segment at about 150 million surgeries annually, a number that is expected to grow with demographic trends.

The company will focus its marketing efforts on major national hospital operations. Even though there are around 5,600 hospitals in the United States, 80% of surgeries are performed by the top 12 hospital ownership groups and performed at the 1,100 largest surgical hospitals.

ORHub is transforming the business of surgery. By creating a new category of health care IT vertical-specific software known as Surgical Resource Management, the company is offering enhanced capabilities over traditional EHR solutions in the operating room. The ORHub platform, which employs Microsoft’s Azure Cloud, is at present the subject of a study in which its impact on participating institutions is being assessed. The study, funded by Microsoft and Intel, will be concluded sometime in Q2 2017.

For more information, please visit www.ORHub.com
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Wed Mar 08, 2017 4:49 pm

Headaches of Hospital Leaders Validate Need for Health Care Data Solutions

Hospital CEOs have bigger headaches than most, as their institutions face a growing demand for services and rising costs. As a result, for the 13th year in a row, hospital managers put financial challenges at the top of a list of their leading administrative afflictions, according to a recent survey by Becker’s Hospital Review*. The frustration centers on new regulations and the complex transmutation of health care still underway as a result of the Patient Protection and Affordable Care Act (ACA). Government mandates and patient safety and quality appeared as No. 2 and No. 3 on the blacklist, which means that solution providers like ORhub, Inc. (ORHB) (ORhub Profile), Medical Transcription Billing, Corp. (MTBC), Cerner Corporation (CERN), Quality Systems, Inc. (QSII) and Allscripts Healthcare Solutions, Inc. (MDRX) are in a good position to alleviate some health care industry challenges.

The financial issue that poses the knottiest challenge is Medicaid reimbursement. In the report, 63 percent of respondents identified this as their chief concern. Increasing costs for staff and supplies pose another threat to their institutions, said 60 percent of respondents, while reducing operating costs worried 55 percent of those sampled. Participants were asked to select all the issues that affected them and not just the one that was of the greatest concern. These data indicate that a majority of hospital managers view the future financial viability of the institutions they run with some anxiety.

Responses about the impact of regulation were equally revealing and were linked, inevitably, to the financial issue. Fifty-one percent of hospital CEOs fretted over the cost of demonstrating compliance, while 57 percent took issue with the Centers for Medicare & Medicaid Services (CMS) audits that were associated with compliance. In general terms, 67 percent expressed dissatisfaction with the current regulatory environment.

The issues of patient safety and provision of quality care are, naturally, always in focus for health care providers. The redesign of care processes, particularly after the passage of the Affordable Care Act, occupied the minds of 48 percent of hospital head honchos; 57 percent worried about how to encourage physicians to reduce unnecessary tests and procedures, while just as many (59 percent) were apprehensive about engaging doctors regarding improvement of the overall culture of quality and safety.

A number of tech savvy pioneers are rushing forward with solutions to address these challenges, in one way or another. ORhub (ORHB), for example, offers a cloud-based software platform designed to transform the business of surgery into a value-based model. The company’s platform – currently at work in two regional hospitals in California – enables care providers at every stage of the surgical process to collaborate, organize, deliver, measure and reimburse in one intuitive, easy-to-use program.

The result has groundbreaking potential. By eliminating inefficiencies, duplication of effort, errors and omissions that result from antiquated software and human error, ORhub’s platform could revolutionize surgical care delivery by tracking the cost of treating a condition from diagnosis to discharge, and by tracking outcomes that resulted from that treatment.

ORhub initially started as a pilot program developed in cooperation with a major Southern California hospital. Now running at full-throttle, ORhub has expanded operations into a second facility at the number two non-profit hospital system in the United States, and it is gearing up for national implementation of its platform.

NetworkNewsWire Exclusive Audio Interview with ORhub (http://nnw.fm/tE6cb)

As a health care IT company, Medical Transcription Billing, Corp. (MTBC) offers an integrated suite of proprietary electronic health records and practice management solutions designed to help its customers increase revenues, streamline workflows and make better business and clinical decisions, all while reducing administrative burdens and operating costs. The company has been employing an add-on strategy that has seen it enter into 15 mergers or business combinations with ambulatory revenue-cycle-management (RCM) companies over the last five years. MTBC recently announced that its voice-enabled EHR platform, talkEHR™, has achieved 2015 Edition ONC Health IT certification as a Health IT Module.

Another solution provider to the health care industry is The Cerner Corporation (CERN), the world’s largest publicly traded health information technology company. Headquartered in North Kansas City, Missouri, the company had 2016 revenues of $4.8 billion. Last month, it opened the doors of two new office towers as part of its “Innovation” campus. The complex, to be further expanded over the next 10 years, is being constructed to look like a strand of DNA. Cerner provides leading-edge solutions and services for health care organizations worldwide.

Quality Systems, Inc. (QSII) and its subsidiaries develop and market EHR, practice management, RCM, interoperability solutions and clinical workflow and operations consulting services for medical and dental group practices and hospitals throughout the U.S. The company’s stock recently reached a new 52-week high, hitting a peak of $15.72, giving the company a market cap of $960 million. Quality Systems’ NextGen Healthcare subsidiary was recently recognized in the annual “Best in KLAS” rankings by the health care delivery research firm KLAS. NextGen Healthcare clients scored the practice management solution 12 percentage points higher year-over-year in the 75+ provider segment of the Most Improved Award Category.

Allscripts Healthcare Solutions, Inc. (MDRX) provides practice management and EHR technology to physician practices, hospitals and other health care providers. The company also offers solutions that improve patient engagement and care coordination. Its customer and user base includes more than 180,000 physicians operating in 2,700 hospitals and 13,000 extended care organizations. The company earlier this week said it was accepted onto the NHS London Procurement Partnership (LPP) Clinical and Digital Information Systems (CDIS) Framework in both the acute care and innovation categories.

In the press release announcing Allscripts’ news, Steven Brain, VP and managing director of Allscripts, UK, adequately summed up the obstacles many health care CEOs face. “Organisations are under tremendous pressure to choose robust and reliable health information technology solutions, all while reducing cost,” he said.

Today’s health care solutions providers are in an incredible position to address the complexities of an industry shackled with high volume and high regulation, trailblazing a new approach to health care that benefits care providers and facilities, patients, and the corporations driving innovation.

Source: Becker’s Hospital Review (http://nnw.fm/6yuAB)
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Mon Mar 13, 2017 4:02 pm

ORHub, Inc.’s (ORHB) Surgical Resource Management Platform Aims to Revolutionize Surgical Care

With health care costs constantly on the rise across all medical sectors, a growing number of health care professionals and practices are looking for ways to streamline and improve their processes via electronic management technologies, so as to ultimately offer more efficient and cost-effective services. Whether it’s electronic medical records, revenue cycle management, scheduling and billing software, or more, cloud-based technologies are becoming increasingly popular in the health care niche, proving to be a very effective replacement for the traditional manual systems.

One segment that is largely unaddressed, but which would particularly benefit from a more complex and comprehensive digital management system, is surgical care, due primarily to the urgency associated with these services. This is where ORHub, Inc. (OTC: ORHB), a cloud-based software platform focused on the value-based medicine model in surgical care, comes in. The company’s software, known as Surgical Resource Management, was developed specifically for surgery management, promising to revolutionize this segment by offering significantly enhanced capabilities compared to more traditional electronic health records solutions.

The revolutionary platform is 100 percent proprietary and was built around Microsoft’s Azure Cloud system. It is already being used by two hospitals – a regional hospital in Southern California and a prominent non-profit hospital system, with encouraging results. The software is still being tested further as part of a study to determine its impact on participating institutions, conducted by Intel Corporation (NASDAQ: INTC) and Microsoft Corporation (NASDAQ: MSFT). The study is likely to be concluded by the middle of 2017, as ORHub is planning to run three more pilot programs in other hospitals before launching the platform officially nationwide. Marketing efforts will mostly focus on major hospital operations. There are about 5,600 hospitals in the U.S. at the moment.

It is estimated that there are approximately 150 million surgeries per year in the United States, and many of the systems that handle these processes, from scheduling to billing and inventory, are manual. This leaves way for lengthier processing times and delayed payments to vendors, not to mention potential errors. ORHub’s platform is designed to improve this process not only by making it more efficient and eliminating potential human errors and omissions, but also by significantly decreasing costs.

As the number of annual surgeries is likely to grow, ORHub is planning to gain a dominant share of the surgical care segment with the help of its innovative platform, aiming to ultimately help reduce annual health care spending by up to $250 billion. A significant part of its platform is currently dedicated to implant surgeries, a segment that is also expected to grow. At the moment there are an estimated seven million implant surgeries across the United States and roughly $85 billion spent on surgical implants and biologics every year.

For more information, visit the company’s website at www.ORhub.com
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Wed Mar 15, 2017 5:58 pm

Health Care IT & Big Data Analytics Expanding with the Rise of Value-Based Care Model

At more than $3 trillion per year, U.S. health care spending is a hefty financial burden, demonstrating the need for a more cost- and resource-effective solution. Designed to replace the traditional fee-for-service approach that compensates care providers for the number of services they deliver, the value-based model is emerging as a preferred model that pays providers according to the results of their care. As the health care system shifts toward this approach, there is a growing need for efficient technology platforms and big data analytics that can help curtail rising medical costs and make the overall system more efficient. Leading industry players such as ORHub, Inc. (ORHB) (ORHub Profile), International Business Machines Corp. (IBM) and its IBM Watson Health division, General Electric Company’s (GE) GE Healthcare subsidiary, Cerner Corp. (CERN), and Cognizant Technology Solutions Corp. (CTSH) are doing just that.

The increasingly popular value-based care model takes center stage when it comes to ORHub, Inc.’s (ORHB) (ORHub Profile) revolutionary platform. Developed specifically for surgery management, ORHub’s innovative platform moves away from manual systems traditionally used for handling surgery-related operations, as well as from the most common electronic health records (EHR) solutions. ORHub’s Surgical Resource Management offers significantly enhanced capabilities and empowers health care providers involved in the surgical care process to work together, organize, measure, deliver and reimburse in one easy-to-use cloud-based platform.

The entire system is data-driven, with a focus on correct analytics and tracking of diagnosis, prescribed treatments and procedures, complications, results, materials and associated costs, which can help transform the surgical care process into a value-based model. The platform also enables complex data analysis across entire health care units, helping address issues such as the costs of comparable surgeries, what inventories need to be restocked, whether the right materials are used for a specific procedure, whether surgeons prefer a specific type of materials, and more. Automation is another essential component of the ORHub platform, as it helps eliminate labor intensive processes and data collection, ultimately eliminating potential human errors and omissions.

Managed by CEO Colt Melby, an experienced business strategist whose experience includes the uplisting of companies such as Smith & Wesson, now American Outdoor Brands Corporation (AOBC), CUI Global, Inc. (CUI), and Quest Resource Holdings Corporation (QRHC), ORHub is primed to become one of the country’s top health care technology providers.

Its platform has already drawn the interest of tech giant Microsoft, which provided ORHub access to its Azure Cloud technology to build its revolutionary system. The Surgical Resource Management platform is already operational in two hospitals, and the company intends to roll-out its software nationally this year.

NetworkNewsWire Exclusive Audio Interview with ORHub (ORHB) (http://nnw.fm/g7U5p)

Another highly innovative concept already impacting the health care sector comes from IBM’s (IBM) suite of health care solutions designed to help organizations reduce costs while improving the health of populations. The company’s Watson Health Division integrates humanity and technology to provide cognitive health care, a highly advanced artificial intelligence system that can process and interpret massive volumes of data to offer patients the best solutions and treatments. As IBM CEO Ginni Rommety noted at this year’s Healthcare Information and Management Systems Society (HIMSS) meeting, the development of cognitive health care is a crucial moment in time, as this technology has the potential to forever change health care by bridging the gap between data and informed strategies. The technology is already in use at several health care organizations, with promising results. So far, it has been able to identify five new genes linked to amyotrophic lateral sclerosis (ALS) and in general to produce more clinically actionable items than human experts in rare cancer cases, Rometty said.

Artificial intelligence and the Internet of Things are crucial for precision medicine but also for better patient engagement – which ultimately has the potential to reduce health care costs. In densely populated countries such as China and India, IoT technologies have helped health care providers become more efficient by drastically reducing the time it takes to gather patient information to 20 seconds instead of 20 minutes. Driven by the need for improved patient management and spearheaded by top industry innovators such as GE Healthcare (GE), the IoT market is expected to grow by 25 percent to reach $169 billion by the year 2020, according to a Technaivo.

Also present at the previously mentioned HIMSS, GE Healthcare director for cybersecurity and analytics Travis Frosch said this innovation-based growth needs to focus on identifying solutions for specific problems the medical sector is facing. Frosch also spoke about his company’s revolutionary Centricity™ Healthcare Information Technology (IT) solutions for Integrated Care and more specifically DenialsIQ, an advanced analysis tool that uses machine learning capabilities to uncover unseen issues and trends from within claims denials and help hospitals reduce resulting patient revenue losses.

Another health care technology provider dedicated to the value-based model, Cerner (CERN) offers a complex portfolio of clinical and financial health care IT solutions, as well as management and operational tools to make health care providers more efficient and help them to deliver the best care, with the best outcomes at the most optimal costs. The company’s products are built around the proprietary Cerner Millennium architecture, with the cloud-based HealtheIntent platform arguably its flagship product. Cerner’s technologies connect people, systems and information at over 25,000 health care provider facilities around the world.

The health care branch of global business and technology leader Cognizant Technology (CTSH) also has a very wide reach in the system, offering and supporting comprehensive software products and solutions for various segments of the industry including care providers, patients, insurance plans, pharmacy management, government and public health programs. Cognizant services for the health care industry include IT infrastructure, application maintenance, clinical data management, order management, pharmacovigilance, as well as consulting services on a wide range of topics the industry is facing, such as data integration, health intelligence, patient engagement, collaborative care and more.

For more information on ORHub, Inc. please visit: ORHub, Inc. (ORHB) & www.ORHub.com
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Wed Mar 22, 2017 6:28 pm

Big Data Poses Big Headaches as Health Care Industry Adopts HIT Systems

The panorama of health care proposals paraded by Congress is just one act of a drama unfolding behind the scenes. Mostly hidden from public view, the industry continues a metamorphosis as it adopts Health Information Technology (HIT) systems. HIT systems are designed to dramatically transform the delivery of health care, making it safer, more effective, and more efficient. And one way they are posed to do so is by generating huge amounts of data that is more amenable to statistical analysis. But the advent of big data also has the potential to bring big headaches for health care providers, which is why they are turning to companies like ORHub, Inc. (ORHB) (ORHB Profile), Medtronic plc (MDT), Cerner (CERN), Omnicell, Inc. (OMCL) and McKesson (MCK) that offer novel technological remedies.

The development of these technological remedies was catalyzed back in 2009 after the passage of the Health Information Technology for Economic and Clinical Health (HITECH) Act, which provided incentives for the adoption of electronic health records (EHRs) and supporting technology. To receive the financial incentives under the Act, providers are required to demonstrate “meaningful use,” which the Centers for Medicare & Medicaid Services (CMS) defines as using certified EHR technology to improve quality, safety, efficiency and reduce health disparities; engage patients and families in their health care; improve care coordination; and improve population and public health – while maintaining privacy and security. This is a tall order, and one that health care providers often struggle to meet.

A look at the first stage of Meaningful Use (MU) will reveal why. MU Stage 1 has 14 Core Objectives and 10 Menu Objectives for hospitals. The 14 Core Objectives encompass a comprehensive and daunting list of mandates. Hospitals must introduce computerized provider order entries (CPOEs), introduce the one clinical decision support rule, do drug-to-drug and drug-allergy interaction checks, record the patient’s demographic profile, maintain an up-to-date problem list of current and active diagnoses, maintain an active medication list, record and chart changes in vital signs, and record the patient’s smoking status, in addition to submitting reports to the CMS, safeguarding the information, and sharing it with patients, on request, and other providers.

This data collation and integration remains a goal of HIT systems such as the one offered by ORHub (ORHB). The ORHub Software is a cloud-based proprietary platform aiding the transformation of surgery from a traditional approach to a value-based model.

Known as Surgical Resource Management, this software was specifically designed for surgery management, providing significantly enhanced capabilities compared to more traditional EHR solutions.

The platform facilitates care providers at every stage of the surgical process to collaborate, organize, deliver, measure and reimburse in one intuitive, easy-to-use program. This significantly decreases cost and improves outcomes by eliminating inefficiencies and duplication of effort, as well as errors and omissions that result from siloed processes in outdated software and poor handoffs from one part of the care process to another.

ORHub’s technology is being used by two hospitals in Southern California, and the company has plans to run three pilot programs in other hospitals before officially launching the platform nationwide.

Medtronic (MDT) has embraced the integration strategy in earnest. In 2014, it acquired, for close to $43 billion, Covidien, which makes a range of patient monitoring platforms and navigation systems. Medtronic, which produces the smallest pacemaker on the market, continues its innovative streak. It says its Health Informatics & Monitoring product can let physicians “be in two places at once,” and makes this claim because the system gives physicians the ability to remotely view vital information from multiple device categories, including ventilators, capnography monitors, depth of consciousness monitors, cerebral/somatic oximeters, and pulse oximeters.

The system wirelessly transmits patient information from the bedside to a hospital’s server. From there, clinicians can view the data within the hospital network on any web-enabled device. Also, thanks to wireless sensors, clinicians are able to monitor patients’ vitals – even while away from the patient or hospital.

Also heavily betting on integration is Cerner (CERN), the world’s largest publicly traded pure health information technology company with 2016 revenues of $4.8 billion. Cerner’s Revenue Cycle Management (RCM) system brings together clinical, financial and operational data in a way that improves workflow and helps to control costs across both acute and ambulatory locations. Last month, it inaugurated two new office towers as part of its “Innovation” campus. The complex, to be further expanded over the next 10 years, is being constructed to look like a strand of DNA.

Omnicell (OMCL) offers IV robotic and workflow solutions, products that automate the dispensing of medication, and hospital supply chain management software. The company provides services to over 4,000 health care facilities around the world and it has about 32,000 institutional and retail pharmacy customers.

McKesson (MCK) is a Fortune Global 500 company that has identified the four major big data health care challenges as the deluge of digital data, not enough data scientists, the limitations of existing EHR systems, and institutional resistance to change. To deal with these challenges it is offering its McKesson Analytics Explorer, which uses visualization to help users analyze data. The company sees this approach as a way to make advanced statistical techniques available to those without mathematical training.

ORhub is joining the ranks of these leaders with its SaaS platform, which has already been implemented in two major hospitals in California.

For more information on ORHub, Inc. please visit: ORHub, Inc. (ORHB) & www.ORHub.com
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Re: ORHub, Inc. (ORHB)

Postby QualityStocks » Thu Mar 30, 2017 4:32 pm

Health Care Industry in Need of Unitary Data Processing Solution over Existing Legacy Systems

The health care industry continuously generates and processes massive amounts of data, but it lacks an overarching intelligence technology system that can pull all of this information together and analyze it in a coherent, unitary manner. There are thousands of separate computational systems in the health care sector at the moment, each with its own programming and function – be it to store medical records, patient activity and lab test results or to perform billing and scheduling. In addition, major medical specialties sometimes have their own information technology systems, using different, often non-compatible software, devices or equipment. More often than not, these systems are obsolete and unable to process the rising volume of data in their sector, but this situation is slowly changing, as a growing number of leading tech companies such as ORHub, Inc. (ORHB) (ORHB Profile), Teradata Corp. (TDC), Hortonworks, Inc. (HDP), Tableau Software, Inc. (DATA) and MicroStrategy, Inc. (MSTR) work to develop advanced technology to unite or replace existing systems and improve the health care industry’s interoperability.

Recent technological advancements and the rise of smart mobile technology have triggered a massive boost in data generation across all medium and businesses, increasing the need for more efficient data mining and analysis tools. According to a PricewaterhouseCoopers and salesforce.com, Inc. (NYSE: CRM) infographic(1), most businesses can’t cope with this data influx because of outdated IT infrastructure, disparate systems and business unit silos. In turn, data locked in disparate systems hampers the decision-making process, ultimately leading to poor performance and loss of business. A total of 41 percent of CEOs complain about legacy systems not being able to make sense of large volumes of data coming from different sources, while 30 percent say they have trouble identifying useful data for their businesses, the infographic reveals.

Similar problems are plaguing the health care system, which is in need of a cost-effective way to unite all the different data gathering and processing tools it uses into one coherent whole. The system is gradually moving toward this target, with several leading technology providers in the field already testing more flexible, innovative solutions such as the cognitive health care concept developed by IBM’s (NYSE: IBM) Watson Health division. Cognitive computing and the development of an OS-like system that would be able to process impressive amounts of data from many different sources would change the health care industry significantly by bridging the gap between data and informed strategies, as IBM CEO Ginni Rommety noted at this year’s Healthcare Information and Management Systems Society meeting.

Novel cloud-based software platforms such as the one developed by ORHub, Inc. (ORHB) are a clear step in the right direction. With a focus on the value-based approach, which places the patient at the center and rewards health care providers based on actual, quantifiable results instead of number of services provided, the ORHub platform aims to revolutionize surgical care. The system is offering enhanced capabilities and empowering care providers to work together, organize, deliver, measure and reimburse in a single easy-to-use platform. ORHub’s Surgical Resource Management platform is data-driven and focuses on correct data analytics and tracking of patient history, including diagnosis, treatments, procedures, results, associated costs and more. Enabling data analysis across different health care units, this system can help address various issues, such as inventory status, costs of comparable surgeries, etc.

In addition to its enhanced capabilities, what makes ORHub’s platform truly stand out is its cost effectiveness. Major information technology rollouts in the health care industry typically last very long durations and cost millions of dollars. However, pilot installations of ORHub’s system have been completed in less than a month. So far, the system is in use at a major hospital in Southern California and a large non-profit hospital system, and plans are in motion to run three additional pilot programs before national launch. This platform was implemented so quickly due to its comprehensive and collaborative approach, which avoids integration with legacy systems completely. This unique approach generates real-time, uniform metrics, making it ideal for any large health care providers trying to improve its software systems across the board at several facilities.

A highly complex approach to health care data analytics comes from analytics solutions leader Teradata (TDC). With a wide range of analytic data solutions that include software, hardware, business consulting and intelligence, data discovery and integration and more, Teradata helps health care providers and insurers interpret and transform data into useful insights that lead to a better understanding of patients, products, processes and opportunities. By tapping into the potential of diverse data from multiple sources, Teradata empowers the health care segment with new capabilities in areas such as data-driven consumer engagement, population health management, data-driven risk management and finance, value-based reimbursement analytics, mHealth biometrics analysis, and care coordination operations.

Offering a comprehensive class of enterprise data management solutions built around open source technology, Hortonworks (HDP) provides the Big Data technology components needed to build a health care data-centric structure without the need to replace existing infrastructure. Hortonworks already works with various health care industry players to transform the segment via its open source data platforms powered by Apache™ NiFi and Hadoop® technology, with the purpose of making all health care data available and actionable. The company recently announced that Clearsense, a leading developer of advanced data ecosystem and applications in the health care field, is using Hortonworks Data Platform® and Hortonworks DataFlow™ to capture data generated by health care organizations across the U.S. and process it via advanced analytics to provide real-time intelligence.

With a focus on helping health care providers identify and manage their data more effectively for operational excellence, leading visual analytics company Tableau Software (DATA) offers a simple and intuitive approach to data analytics. Users can easily connect to all of their data by simply dragging and dropping, without any additional scripting required, gaining a holistic view of patients and their history, risk identification and management, compliance to new regulations, and more. Tableau technology is already being used by several health care organizations and health care technology providers. The company’s main business analytics software products include Tableau Desktop for individual data analysis; Tableau Server for business intelligence based on data management and scalability features; Tableau Online, a SaaS version of Server; and the cloud-based Tableau Public platform.

A whole host of integrated health care technology solutions that can form an OS-like ensemble in efficiency and functionality comes from a leading provider of enterprise software platforms worldwide, MicroStrategy (MSTR). The company offers various data discovery, analytics, business intelligence systems and services for multiple devices and industries. It provides the health care industries with an impressive number of data analysis solutions designed to improve different areas of activity from supply chain management and revenue cycle optimization to population health management, fraud and abuse cases, overall hospital performance and operations, and individual doctor performance. Additionally, it can provide secure patient and staff digital IDs, along with a series of mobile applications that can enable remote care delivery and claims analysis.

The health care system is steadily moving toward widespread implementation of advanced technology that can make sense of the massive amounts of data it generates. An OS approach exists in some places, but this model needs to be applied across the board for better results and for building a unified system that is both cost- and resource-effective.

Source: (1) http://nnw.fm/LpxD0

For more information on ORHub, Inc. please visit: ORHub (ORHB) or https://www.orhub.com
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