Health care software-as-a-service company ORHub, Inc. (OTC: ORHB) was featured in a recent case study evaluating the value of its innovative platform at the Hoag Orthopedic Institute (HOI). Among the highlights from the study, researchers found that, by leveraging Microsoft Azure intelligence and analytics, ORHub is capable of helping medical providers achieve cost efficiencies of as much as 40 percent while simultaneously driving closure of reimbursement gaps. The significance of these potential savings is reinforced when studying current health care expenditures in the U.S., which exceed $3 trillion annually and account for roughly 17 percent of GDP. ORHub’s research indicates that about 50 percent of that spending can be attributed to surgical procedures. “If we can achieve that with the cost of surgeries across the U.S. health system, that equates to USD $250-$350 billion saved every year. That’s greater than the gross domestic product of Finland,” Chief Technology Officer Wesley Mitchell noted in a recent news release.
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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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