Health care software-as-a-service company ORHub, Inc. (OTC: ORHB) today announced the availability of a Microsoft publication highlighting the company’s surgical resource management (SRM) solution, which is in use at the Hoag Orthopedic Institute in Irvine, California. The case study, titled “Orthopedic hospital tests cloud-based cure for symptoms of rising healthcare costs,” discusses Hoag’s experience using ORHub’s software as an actionable resource analytics tool for its spinal surgeries. Notably, the cloud-based software, which is accessed directly in the operating room, supports improved teamwork, automates manual processes and streamlines resource allocation in the face of rising health care costs. “We’ve seen from research that the common result of value-based institutions is a cost reduction of between 20 and 40 percent,” Wesley Mitchel, CFO of ORHub, noted in the news release. “If we can achieve that with the cost of surgeries across the US health system, that equates to USD250 to 350 billion saved every year. That’s greater than the gross domestic product of Finland.”
To view the full publication, visit https://customers.microsoft.com/en-us/story/hoi-health-azure
To view the full press release, visit http://dtn.fm/k5YzN
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.
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment