SinglePoint (OTC: $SING) Signs LOI with ORHub to Launch Healthcare Blockchain Initiative
SinglePoint (OTC: $SING)
Signs LOI with ORHub to Launch Healthcare Blockchain Initiative
Seattle,
Washington - February 21, 2018 (Investorideas.com Newswire)
SinglePoint, Inc. (OTC:SING) is pleased to
announce a Letter of Intent ("LOI") with ORHub, Inc. (OTC: ORHB) to build-out a blockchain services platform for
health care applications. ORHub's surgical resource management
("SRM") software is transforming the way hospitals handle operating
room data, enabling dramatic reductions in supply chain costs.
Read this news in
full at http://www.investorideas.com/CO/SING/news/2018/02211HealthcareBlockchain.asp
SinglePoint
will design and develop for ORHub blockchain-based solutions as an add on to
enhance the value of data collected by the operating room software platform.
ORHub has agreed to engage SinglePoint for up to $750,000 in initial
development costs. SinglePoint believes this is the first of many contracts
that it will execute in the blockchain development space.
SinglePoint
recently completed an annual audit, uplisted to trading on the OTCQB Venture
Market and announced the addition of Venugopal Aravamudan as a board member
with the intent of acquiring new business and joint technology ventures
leveraging his vast network and connections built at Amazon, F5 and others.
SinglePoint believes the value of the intelligent data captured at the point of
care can be further unlocked through blockchain solutions that streamline and
enhance the accuracy of medical records, efficiency of inventory management,
and improvement of billing cycles.
"Having
ORHub select SinglePoint as their solutions architect is fantastic. We are
beyond excited to dig into this project and develop a truly industry-changing
solution. With the commitment from ORHub to fund the project, we are in a
strong position to design, develop and execute on the solution. As part of this
collaboration and broader corporate initiatives in the blockchain market, we
are aggressively establishing working relationships with key blockchain
engineers," states SinglePoint President Wil Ralston.
"This
healthcare blockchain initiative with SinglePoint is an exciting development
for us at ORHub. Our vision is to dramatically lower surgical costs, create
time efficiencies while improving patient outcomes by capturing relevant
surgical data and deploying this information through blockchain solutions to
provide instant access for doctors, patients and hospital administrators. We
believe that blockchain inspired technology will set the stage for surgical
data to evolve into a new paradigm based on a shared infrastructure platform.
We look forward to these advanced solutions that will enable ORHub to continue
to transform the business surgery," states Colt Melby, CEO of ORHub.
About SinglePoint, Inc.
SinglePoint,
Inc. (SING) has grown from a full-service technology provider to a publicly
traded holding company. Through diversification into horizontal markets,
SinglePoint is building its portfolio by acquiring an interest in undervalued
subsidiaries, thereby providing a rich, diversified holding base.
Connect
on social media at:
About ORHub, Inc.
ORHub
is an advanced surgical software provider focused on real-time surgical data
analytics. The Company's suite of products serves the needs of the health care
industry, hospital, patient, government and the medical device vendor. ORHub
provides a cloud-based software solution that captures information before,
during and after surgery, filling a void in the current surgical information
infrastructure and providing the first process to capture and measure the
surgical process -- evolving Big Data into Intelligent Digital Data. ORHub's
software applications allow hospitals and medical device vendors to utilize any
web- enabled device to create an anatomical graphic depiction of exactly what
occurs during surgery. The application automatically translates the resulting
schematic into an intelligent, electronic operative report that links every
detail of surgery, including implant location, surgical techniques, product
usage, and all clinical parameters to create a dynamically new source of comparative
information.
As
a result, hospitals and surgeons can make real-time, data driven decisions to
improve business profitability and the quality of patient care. This innovative
technology results in hospitals under- standing costs and identifying areas of
cost reductions, as well as results in increased accountability, automatic
creation of comprehensive anatomic implant registries, real-time analytics,
improved efficiencies, and compliance with existing government regulations.
ORHub has offices in Phoenix, Arizona; Newport Beach, California; and Bellevue,
Washington.
Forward-Looking
Statements
Certain
statements in this news release may contain forward-looking information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe harbor created
by those rules. All statements, other than statements of fact, included in this
release, including, without limitation, statements regarding potential future
plans and objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical
complications, which may arise, could prevent the prompt implementation of any
strategically significant plan(s) outlined above. The Company undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
Contact:
Corporate Communications Contact:
NetworkNewsWire
(NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
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