ORHub Launches New Software Module VendorPay™, Disruptive Innovation to Eliminate Inefficient Hospital Invoice and Billing Processes
NEWPORT BEACH, Calif., Oct. 2, 2018 (PRNewswire) — ORHub, Inc. (OTCQB: ORHB) (the “Company” or “ORHub”), a HIPAA compliant, physician-driven digital software company focused on improving profitability and the cost effectiveness of hospitals through real-time smart data and analytics, today announces the launch of VendorPay™, the second of a series of software modules to enhance the hospital and vendor relationship to improve profitability.
VendorPay™ is an automated and cloud-based payment and communication portal that leverages innovation to disrupt outdated processes and reduce current Case-to-Cash™ time periods at the point-of-care. This application interacts on the back-end of the Company’s previously announced VendorHub™ module that can now integrate with hospital master billing systems to streamline procurement reconciliation with accuracy which results in reduced transaction time and improved revenue cycles. VendorPay™ is easy to install on any web-enabled device and integrates well with legacy Electronic Health Records (EHR) systems.
“We pride ourselves on understanding the business of surgery and providing a combination of innovative software that drive real solutions such as VendorPay™,” stated Colt Melby, Chief Executive Officer of ORHub. “For many complex health systems, upgrading and integrating legacy systems is a daunting task. It’s vital they have the right technology partner to solve inherent problems to create a new generation of business intelligence.”
About ORHub, Inc.
ORHub, born from the Microsoft for Start-Ups program, is HIPAA-compliant advanced surgical software provider focused on Revolutionizing the Business of Surgery™ through the foundation of electronic data capture at the point-of- surgical care to improve workflow, simplify work processes and access real-time data intelligence. The Company’s suite of products serves the needs of the health care industry including providers, patients, the government and the medical device vendors. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data.
Hospitals and surgeons can make real-time, data-driven decisions to improve business profitability and the quality of patient care. This innovative technology results in hospitals understanding costs and identifying areas of cost reductions, as well as results in increased accountability, automatic creation of comprehensive anatomic implant registries, real-time analytics, improved efficiencies, and compliance with existing government regulations. ORHub has offices in Tempe, Arizona; Southern California; Bellevue, Washington; and Jacksonville, Florida.
To view a previously released Microsoft Case Study on HOI and ORHub visit:
https://customers.microsoft.com/en-us/story/hoi-health-azure
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