Business
ORHub, Inc. Expands its Addressable Market with Launch of Transformative Hip and Knee Module
ORHub, Inc. Expands its Addressable Market with Launch of Transformative Hip and Knee Module.
About this update from Orhub, Inc.
[{"type":"text","content":"\n \n \n ORHub, Inc. Expands its Addressable Market with Launch of Transformative Hip and Knee Module\n \n \nORHub, Inc. Expands its Addressable Market with Launch of Transformative Hip and Knee Module\n \n NEWPORT BEACH, CA--(Marketwired - Jun 14, 2017) - ORHub, Inc. (OTC: ORHB), a cloud-based medical software company established as the Operating Room Hub for data and analytics, today announces that it is launching its new service module for hip and knee surgical procedures, July 2017. With over 100 million surgeries performed in the U.S. every year and growing, this new service line significantly expands the addressable market for the Company's dynamic analytics capabilities and Surgical Resource Management platform. \n \"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. 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,\" says ORHub CEO Colt Melby.\n According to the Agency for Healthcare Research and Quality, more than 300,000 total hip replacements and 600,000 knee replacements are performed each year in the United States, a figure expected to grow by 13.19 % per year for the next five years. ORHub's hip and knee service module presents to this growing market unprecedented procedure data and advanced analytics.\n ORHub's Surgical Resource Management software transforms the OR into a highly efficient information center that provides the ability to track and monitor surgical implants, compare material costs, and identify physician and financial impacts in the operating room at the point of surgery. The software also tackles the data chaining needed for cost, usage and eventual outcome correlation in all surgeries without heavy IT investments in infrastructure. \n The Company's spine service line is currently being used for all spine cases in the operating room of two major hospitals in Southern California, where the company recently announced it has successfully collected data from more than 500 surgeries (http://nnw.fm/DTkw3), a number that continues to grow on a daily basis. The data collected provides the hospitals valuable insi...