Health care software-as-a-service company ORHub, Inc. (OTC: ORHB) today announced a $0.50 exercise price for all of its Series B and D warrants. Per this morning’s news release, the exercise price will commence immediately and remain in place until all of the related warrants have been exercised or have reached their expiration date, currently set at December 31, 2017. If all of the Series B and D warrants are exercised, the company estimates that it will receive more than $5.5 million in additional proceeds with which to fund the launch of its innovative software platform into hospital chains located throughout North America. To date, ORHub has received more than $3 million from previous warrant exercises. The company’s exercise price announcement comes amidst continued expansion efforts related to its suite of software solutions. ORHub’s initial module targeting spine surgeries launched in 2016 and is currently in use at two Southern California hospitals, while its Module 2 targeting hip and knee surgical procedures is currently scheduled for launch in July 2017.
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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.
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