|ORHub’s (ORHB) Revolutionary Software Solution Could Help Pave the Way to Value-Based Healthcare in the US|
- ORHub is a pioneering cloud-based healthcare solution that can help medical providers eliminate inefficiencies, cut costs and improve quality of care
- ORHub has created a new category of healthcare IT vertical-specific software called surgical resource management (SRM)
- ORHub creates the largest source of intelligent surgical information in the world, opening up a vast pipeline of revenue opportunities
- ORHub is positioned to become the universal SRM platform for improving healthcare efficiency and cutting costs
“Value-based healthcare” is a buzz phrase these days, and surgical procedures are at the center of the issue, with hospitals spending, on average, between 48 and 50 percent of their revenues on surgery while outdated tracking systems cripplingly hold back progress, making it impossible for medical facilities to cut costs without sacrificing quality of care. One pioneering company, ORHub, Inc. (OTC: ORHB), has been working with Microsoft (http://nnw.fm/W4iTT) to break new ground and bring the United States healthcare system into the digital age—an evolution that is sorely needed in order to improve healthcare practices and lower costs in a country that is infamous for having the highest healthcare costs in the entire world.
The key is the ORHub solution, which has created the largest source of intelligent surgical information in the world and provides a suite of products that can better serve the needs of the healthcare industry, patients and the government. ORHub’s cloud-based software solution captures information at the point-of-care, filling a huge void in the surgical information infrastructure by transforming big data into intelligent data.
The ORHub solution replaces various antiquated legacy systems with a 360-degree solution that enables the tracking of healthcare costs from diagnosis to discharge, allowing all parties involved in surgical care to collaboratively organize, deliver, measure and reimburse via one intuitive, uniform program. This helps eliminate inefficiencies, duplication of services, and errors and omissions that currently result from siloed software processes and insufficient hand-offs across the care chain. The result will be substantially lowered healthcare costs and drastically improved patient outcomes.
The ORHub solution was born in a hospital surgery center, where forward-thinking surgeons and administrators realized they didn’t have the information they needed to reduce costs without negatively impacting quality of care. In the past, healthcare organizations have been blindly making decisions about how to improve their processes and redesign care without having a true understanding of the actual costs of care for a patient’s condition and how those costs relate to outcomes. Rather than working synergistically, clinicians have instead been battling over arbitrary cuts. ORHub’s cloud-based software platform is the solution to these inadequacies and inefficiencies.
Through ORHub’s software applications, hospitals and medical device vendors will be able to use any Web-enabled device to generate a detailed anatomical graphic depiction of what happens during surgery. The resulting schematic is then automatically translated into an intelligent electronic operative report that links every detail of a surgery to produce a dynamic new source of comparative data. Through ORHub’s revolutionary solution, hospitals, surgeons and vendors can now make decisions that are real-time and data-driven to improve both profitability and quality of care. Further, costs are resultantly reduced for both hospitals and vendors, accountability is improved, surgical implant registries are automated, real-time advanced analytics are created and compliance is bettered.
ORHub is disrupting archaic industry processes, making it possible for tasks that used to require teams of people working by hand to invest weeks or months to now be done directly at the point-of-care by just one person. For the very first time, surgical data can be utilized to create real-time evaluations, self-generate future statistical ratings, and provide predictive outcomes-of-care.
ORHub’s innovative cloud-based solution has created a new category of healthcare IT vertical-specific software called surgical resource management (SRM), which is a category that enables enhanced capabilities as well as access to valuable analytics. This SRM platform will create the largest source of intelligent surgical information the world has ever seen, simultaneously opening up a pipeline of revenue opportunities for ORHub. ORHub is positioned to become the universal SRM platform for improving efficiency and mitigating costs.
The ORHub story started in 2015, when company CTO Wesley Mitchell was contacted by the Microsoft for Startups Program to help a surgeon who wanted to develop a software program that could help analyze resource allocation for surgical procedures—a project that immediately intrigued Mitchell. Over a period of two months, he and his associates interviewed clinical and administrative professionals in the healthcare field and then applied for BizSpark Plus credit from the Microsoft for Startups Program to develop the ORHub solution. A pilot program was collaboratively developed by the ORHub team and Microsoft at the #5 orthopedic hospital in the nation. The solution was developed on the Microsoft Azure platform, which was already encrypted and built with HIPAA considerations in view. ORHub went from concept to production in under a year.
ORHub’s state-of-the-art, disruptive solution has the potential to drastically and lastingly impact the U.S. healthcare system, improving costs, patient outcomes, resource allocation and more. A brighter healthcare future is now within reach thanks to this pioneering technology.
For more information, visit the company’s website at www.ORHub.com
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