Health care software-as-a-service company ORHub, Inc. (OTC: ORHB) today announced the planned launch of its new service module for hip and knee surgical procedures, which is scheduled to take place in July 2017. “The launch of this new module follows the successful launch of our spine module, which for the past eight months has been in continuous use in two nationally recognized hospitals, achieving overwhelming success,” Colt Melby, CEO of ORHub, stated in the news release. “Our hips and knees module is the second of many on our technical road map that will allow us to exponentially grow our addressable market and take advantage of the resulting opportunities.” Following its impending launch, ORHub’s hip and knee module will be positioned to address a sizable and growing market. Per data from the Agency for Healthcare Research and Quality, more than 300,000 total hip replacements and 600,000 knee replacements are performed annually in the United States, and this figure is expected to expand by more than 13 percent per year for the next five years.
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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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