HealthLynked Corp. reports developments around its healthcare technology platform for patient engagement, care access, medical-record connectivity, and provider networking. Recurring updates cover the HealthLynked Network, the ARI AI health assistant, consumer and provider digital platforms, telehealth and appointment tools, and enterprise partnerships tied to payer, employer, and value-based care channels.
Company news also includes MedOfficeDirect medical-supply e-commerce activity, patent filings involving AI and patient record management, board and executive appointments, and capital-structure actions such as its completed reverse stock split. These updates frame HealthLynked as an OTCQB-traded healthcare technology issuer building digital tools for care navigation and healthcare data access.
HealthLynked has announced the release of ARi, an AI-driven personal healthcare assistant that aims to revolutionize patient engagement and personalized care. The patent-pending technology offers exclusive access to paid members through the HealthLynked app. Key features include personalized healthcare recommendations, effortless scheduling with voice commands, proactive health tracking, and 24/7 intelligent assistance. ARi's platform integrates seamlessly with HealthLynked's ecosystem, allowing users to manage their healthcare efficiently.
CEO Dr. Michael Dent highlighted ARi's role in providing personalized medical care, emphasizing its capabilities like voice-driven profile creation, tailored recommendations, and AI-powered diagnostic support. The technology aims to enhance diagnostic accuracy and connect patients to appropriate care, fostering a more engaged and proactive approach to healthcare.
The release is seen as a significant milestone in HealthLynked's mission to deliver smarter, patient-centered healthcare by leveraging advanced AI to empower patients with better control over their health.
HealthLynked Corp. (OTCQB: HLYK) has appointed Jeremy Daniel as its new Chief Financial Officer (CFO), effective immediately. Daniel brings over two decades of experience in financial management, strategic planning, and organizational development. His most recent position was CFO at Innoveren Scientific, where he raised over $100M in funding through public and private equity markets and led successful acquisitions.
Daniel's previous roles include CFO at Regenerative Medicine Solutions and controller at Omnicare. He is a Certified Public Accountant (CPA) with an MBA from Xavier University. In his new role, he will oversee HealthLynked's financial strategy and operations, focusing on driving growth, operational efficiency, and shareholder value.
HealthLynked Corp. (OTCQB: HLYK) has received a $500,000 payment milestone from the sale of ACO Health Partners (AHP), representing their share of AHP's ACO shared savings for the 2023 performance period. This payment completes the total cash consideration of $3 million from the January 2023 sale, which included an initial $750,000 payment, $1.75 million in participation-based payments, and the current $500,000 milestone. The sale to Palm Beach ACO was a strategic move allowing HealthLynked to focus on its core healthcare technology and patient engagement services.
HealthLynked Corp. (OTCQB: HLYK) announced Q3 2024 financial results, revealing significant changes amid strategic restructuring. Revenue declined 56% year-over-year to $0.59 million in Q3 2024, with a nine-month revenue of $2.39 million, down 50% from 2023. The company reduced practice operating expenses by 39% to $0.80 million in Q3. Operating loss increased to $1.67 million, with a net loss of $1.97 million. The company is shifting focus from clinical operations to app-based services, with telemedicine now available nationwide. CEO Dr. Michael Dent provided $2.7 million in debt funding in 2024 to support the transition.
HealthLynked Corp has announced a significant update to its Oohvie app, integrating telemedicine services and online scheduling capabilities. The enhanced platform now offers women comprehensive healthcare management through a single mobile application. The update features a redesigned home screen, improved user interface, and expanded functionalities including virtual consultations with healthcare providers. The app follows a freemium model, with basic tracking features available for free and premium services, including telemedicine access, available through a subscription at $12 monthly or $120 annually.
HealthLynked Corp. (OTCQB: HLYK) has announced a strategic partnership with 3X4 Genetics to enhance its member offerings. This collaboration aims to provide personalized genetic insights and improved healthcare services to HealthLynked members. The partnership allows members to purchase the 3X4 Blueprint for genetic testing at $299 through HealthLynked's website.
HealthLynked CEO, Michael Dent, M.D., emphasized that this partnership demonstrates their commitment to delivering cutting-edge healthcare solutions and personalized care. 3X4 Genetics CEO, Tony Hsu, highlighted the alignment between both companies in empowering patients with genetic information for optimized health and wellness.
This collaboration is part of HealthLynked's broader strategy to expand its network of strategic alliances, focusing on improving patient health through advanced diagnostics and wellness programs. The company plans to forge similar partnerships in the coming months to increase the range of services available to its members.
HealthLynked Corp. (OTCQB: HLYK) has filed a non-provisional patent with the USPTO for ARi, an AI-powered personal healthcare assistant. ARi utilizes GPT and LLM technologies to provide personalized medical recommendations based on users' comprehensive health profiles. This innovative tool aims to address the challenge of inaccurate self-diagnosis from internet searches by incorporating patients' medical records for more tailored guidance.
Dr. Michael Dent, CEO of HealthLynked, emphasized that while ARi represents a significant advancement in patient engagement and personalized care, it is designed to supplement, not replace, professional medical consultations. The potential impact of AI in healthcare is substantial, with estimates suggesting it could save the U.S. healthcare system up to $150 billion annually by 2026.
HealthLynked Corp. (OTCQB: HLYK) has partnered with Lyric Health to launch Virtual Urgent Care, offering 24/7 telehealth services in all 50 states. Patients can connect with licensed physicians within 20 minutes for non-emergency medical concerns. The company plans to expand with Virtual Primary Care, allowing scheduled appointments with primary care physicians.
HealthLynked's comprehensive virtual care suite includes primary care, urgent care, mental health, dermatology, specialty referrals, and pet care. The service is accessible through the HealthLynked app, with visits priced at $70 or $50 for subscribers ($12/month or $120/year). This partnership aims to provide affordable and accessible healthcare nationwide, integrating with HealthLynked's existing medical record storage and prescription voucher program.
HealthLynked Corp. (OTCQB: HLYK) reported its Q2 and H1 2024 financial results, highlighting a strategic shift towards app-based technology services. Key points include:
- Q2 2024 revenue of $0.78 million, down 21% from Q1 2024 and 53% from Q2 2023
- H1 2024 revenue of $1.80 million, down 48% from H1 2023
- 42% reduction in Health Services Division operating expenses in Q2 2024
- 8% improvement in loss from operations in Q2 2024 compared to Q1 2024
- Expansion of telemedicine services nationwide
- Partnership with RxSpark for prescription drug discounts
The company is focusing on cost reduction and transitioning from clinical operations to app-based services, aiming to expand its membership base and enhance healthcare delivery.
HealthLynked Corp. (OTCQB: HLYK) has announced a strategic partnership with RxSpark to enhance medication access and management for patients. This collaboration integrates HealthLynked's advanced healthcare network with RxSpark's pharmacy discounts and prescription price comparison tool. Key benefits include:
- Enhanced prescription management
- Improved access to affordable medications
- Streamlined healthcare experience
- Cost savings for patients
HealthLynked users can access significant discount vouchers on prescription medications for free through the HealthLynked app or website. The partnership aims to provide a comprehensive healthcare solution, offering savings of up to 90% off medications and access to over 50,000 medications through RxSpark's program.