Category : Press Release

ORHub, Inc. Settles Litigation with Former Chief Financial Officer

TEMPE, Ariz., July 01, 2019 (GLOBE NEWSWIRE) — via NetworkWire – ORHub, Inc. (OTC: ORHB) (the “Company” or “ORHub”), a cloud-based healthcare analytics company, today announced it has reached a resolution of its contract dispute with its former chief financial officer, Lanny Lang, and his firm Lang Financial Services, Inc.

ORHub Chairman and CEO Colton Melby spoke about the settlement and his vision for the Company, saying, “It is unfortunate that Mr. Lang and the Company had to engage in litigation to resolve their dispute, but it should in no way reflect on the work Mr. Lang performed for the Company during its developmental phase between June 2016 and June 2018. With this matter now firmly behind us, the board and management team will focus on executing on the Company’s near- and long-term objectives to realize the potential of our innovative perioperative dashboard product, Surgical Spotlight®, and to drive value for our shareholders.”

Mr. Lang stated, “I am pleased to have reached an amicable settlement with the Company. Having this contract dispute behind us will allow management to focus on executing its business plan and growing the underlying business without the distraction of litigation. As an investor and shareholder, I fully support the management team of ORHub in those efforts.”

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASCs) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach $50 billion by 2024 with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019.

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

Renowned Cardiac Surgeon and Medical News Minute Founder, Dr. Robert Lazzara, Joins ORHub Team as Chief Medical Officer

Former Virtual Operating Room President, and Partner in Physician Owned Companies Generating $100 Million Annually, Brings Wealth of Knowledge, Passion and Purpose with Drive to Advance the Surgical Industry

TEMPE, Ariz., June 26, 2019 – via NetworkWire – ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a Microsoft Silver Partner and cloud-based healthcare analytics company focused on the business of surgery, today announced that distinguished cardiac surgeon and medical media expert, Dr. Robert “Bobby” Lazzara, has joined the ORHub team as its chief medical officer.

Dr. Lazzara has a special interest in implementing the latest technology to serve the healthcare industry. He was so impressed with ORHub’s Surgical Spotlight application, a cutting-edge intuitive and powerful analytics tool that helps administrators, nurse leaders and surgeons make targeted business decisions, that he quickly made the decision to get involved.

Dr. Lazzara performed the first worldwide webcast of open-heart surgery in August 1998 through the Virtual Operating Room and, subsequently, MDiTV, Inc. broadcast the first live cardiac surgery over a smartphone on Dec. 15, 2009. He is a Smithsonian Laureate for his pioneering work utilizing the Internet and information technology as a health care educational tool. Dr. Lazzara has been a member of advisory boards and a consultant to major corporations and medical device companies.

Dr. Lazzara’s passion encompasses the incorporation of digital technologies and virtual reality in the medical industry. He dedicates himself to advancing education in healthcare business development, medical device consulting, and numerous other related educational and business services.

“Of dozens of facilities I’ve operated in throughout our country and worldwide, there has been no other comprehensive data system on the market that compares,” said Dr. Lazzara. “Being able to truly understand our cost and care decisions will heighten the level of cost-effective patient care and optimize the overall efficiency for our entire healthcare system.”

ORHub’s advanced technology arms healthcare providers with a comprehensive understanding of all factors involved before engaging any component of a treatment plan.

“In this day in age, for the sake of optimum efficiency, data is a vital necessity,” stated ORHub CEO Colt Melby. “Dr. Lazzara is a trusted influencer in the healthcare community and we welcome his keen insights and the additional expertise he brings to achieving our company’s mission.”

Link to video by MedicalNewsMinute on ORHub’s Surgical Spotlight

Link to profile of Dr. Robert “Bobby” Lazzara on LinkedIn

Link to MedicalNewsMinute.com

 

About ORHub, Inc.

ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

Industry Statistics: The U.S. market continues to grow, with over 5,500 hospitals and 6,100 ambulatory surgery centers (ASCs) performing over 50 million medical procedures annually. According to MarketsandMarkets, the global healthcare analytics market will approach $50 billion by 2024 with a 5-year Compound Annual Growth Rate (“CAGR”) of 28.3% from 2019.

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

 

ORHub, Inc. Signs Contract with Anderson Regional Medical Center

TEMPE, Ariz., June 24, 2019 – via NetworkWire – ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a cloud-based healthcare analytics company and Microsoft Silver Partner, today announces it has signed a contract for a 30-day trial of Surgical Spotlight® with Anderson Regional Medical Center, which is anticipated to materialize as a long-term contract.

Anderson Regional Health System, which operates several facilities, including Anderson Regional Medical Center, performs approximately 20,000 surgeries per year and is committed to quality. 

Dr. Keith Everett, chief medical officer, said, “Quality and performance improvement are ongoing, organization-wide activities that extend to all aspects of inpatient and outpatient care. Using Lean principles, we provide care that is patient-centered, safe, timely, effective, efficient and equitable.”

ORHub’s Surgical Spotlight is an example of an innovative solution that assists in Lean process improvement.

“In today’s medical care environment, effective management of resources is critical to our success, and ORHub allows almost instant access to critical data that can significantly increase the adaptability and, in turn, the productivity of our service line,” said Dr. Wes Bennett, interventional cardiologist with Cardiovascular Institute of the South and cardiologist with Anderson Regional Health System.

ORHub expects to begin the short implementation cycle in July.

About ORHub, Inc.

ORHub is focused on analytics solutions that drive efficiency and economic improvement for hospitals. We optimize the Business of Surgery™ and are designed for lean process improvement. ORHub understands the need to unlock data captured in the OR, and Surgical Spotlight® helps providers access to that data, identify millions of dollars in opportunities, and allow leaders to focus their attention on care, improving patient access and reducing costs. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

About Anderson Regional Health System

As the most comprehensive health system in East Mississippi and West Alabama, Anderson Regional Health System is the established leader in offering premier medical services. With two hospitals (Anderson Regional Medical Center and Anderson Regional Medical Center- South), a cancer center, and a network of clinics, Anderson’s healthcare professionals are committed to the mission of providing a heritage of healing and improving life for the people they serve.

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

Anderson Regional Health System Contact

Elizabeth Wiggins
Director of Marketing
ewiggins@andersonregional.org

Corporate Communications Contact

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

ORHUB, INC. Identifies Over $5M in Financial Opportunity at Partner Hospital

Tempe, AZ, June 17, 2019 — ORHub, Inc. (OTC: ORHB) (the “Company” or “ORHub”), a Cloud-based healthcare analytics company and Microsoft Silver Partner announced that it has identified and presented over $5M in achievable annual economic opportunity with a flagship partner hospital using Surgical Spotlight®.

ORHub’s Surgical Spotlight helped the facility analyze their OR operations including more than 40,000 surgeries, and five OR operational facets to find over $5M in annual opportunity. Surgical Spotlight identified seven initiatives across all facilities with an economic impact of over $2.2M annually. The facility is forming a team dedicated to the initiatives for sustainable change. They will roll these initiatives out more broadly once the changes have been implemented successfully.

The assessment is repeatable for other Surgical Spotlight customers and ORHub expects to find similar financial opportunity with each one.

About ORHub, Inc.

ORHub is focused on analytics solutions that drive efficiency and economic improvement for hospitals. We optimize the Business of Surgery™and are designed for lean process improvement. ORHub understands the need to unlock data already captured in the OR, and Surgical Spotlight  helps providers access that data in a way that allows leaders to focus their attention on care, improving patient access and reducing costs. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

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

ORHUB, INC. Begins Implementation of Surgical Spotlight with first Prime Hospital Network facility

Tempe, Arizona, June 13, 2019 — ORHub, Inc. (OTC: ORHB) (the “Company” or “ORHub”), a SaaS based healthcare data analytics company focused on the business of surgery to improve the profitability of hospitals, ambulatory surgery centers (ASCs) and health systems, today announced that it has begun implementation of Surgical Spotlight® with a Prime Healthcare facility.

The implementation began two weeks ago with an exchange of information. ORHub will kick off training of the business users this week with the goal of demonstrating that surgeons and administrators can create financial opportunities and improve patient care with better access to shared, relevant and reliable information. Once the pilot location is complete, the goal is to expand to include more operating rooms within the Prime network of 45 hospitals across 14 states.

ORHub is confident in its ability to demonstrate success as past facilities were able to identify over US$3.0 million of opportunities within days of the implementation. Those facilities have already made changes using Surgical Spotlight® to recapture that opportunity.

About ORHub, Inc.

ORHub was incubated out of the Microsoft start-ups program and is now a Microsoft Silver partner. The company focuses on the development of Software as a Service (SaaS) products to optimize the Business of Surgery™ and is designed for lean process improvement. ORHub understands the need to unlock data already captured in the OR and their products aim to help providers access that data in a way that allows leaders to focus their attention on care, improving patient access and cost reductions. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room.

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