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Biotricity, Inc. (BTCY) is a medical technology company at the forefront of healthcare innovation. Specializing in biometric data monitoring solutions, Biotricity aims to improve healthcare by developing remote monitoring solutions for chronic disease prevention and management. Its premier product, Bioflux, is an ECG monitoring system used by physicians to diagnose and monitor cardiac patients remotely. Biotricity's Biolife solution extends medical-grade monitoring to the consumer market, empowering users to self-manage chronic conditions through lifestyle changes. With a focus on preventive healthcare, Biotricity's R&D efforts aim to put health management directly into the hands of individuals, easing the burden on the healthcare system.
Biotricity (NASDAQ: BTCY), a leader in Technology-as-a-Service (TaaS) in healthcare, announced that 97% of its Preferred A shareholders have converted their shares into Restricted Common Stock.
This move signifies a strong confidence in Biotricity's future and its ability to meet upcoming milestones. Dr. Waqaas Al-Siddiq, Founder and CEO, highlighted that this conversion indicates increased enthusiasm from long-term shareholders.
Recent achievements for the company include securing three GPO partnerships that cover 87% of US hospitals, increased margins, higher revenues, and reduced losses. Biotricity is also approaching EBITDA neutrality and becoming cash flow positive monthly.
Biotricity (NASDAQ: BTCY) announces the upcoming launch of HeartSecure, the first-ever direct-to-patient cardiac screening service. Targeting the $1.05 billion home heart health market, HeartSecure aims to provide home-based cardiac health checks for 127 million Americans at risk for heart disease. This service addresses long wait times and financial barriers associated with current cardiologist visits.
HeartSecure combines advanced technology with top cardiologists' expertise to detect potential heart issues early. It responds to the growing need for accessible cardiac screenings due to the increasing prevalence of chronic diseases. HeartSecure's launch is seen as a major growth opportunity for Biotricity in the tele-health market, which has expanded significantly post-pandemic.
Biotricity Inc. (NASDAQ: BTCY) expands its market reach in the pulmonary and neurology fields through strategic partnerships with leading home-based diagnostic companies. The collaborations aim to provide comprehensive screenings for patients with sleep or neurological disorders, who have elevated risks for cardiac issues. With a significant focus on integrated healthcare solutions, Biotricity is addressing the critical need for accessible and personalized care for patients with multiple conditions.